Ashtons advise on another care home purchase
Stow Healthcare, the East Anglian based premium nursing and residential care provider, has completed the purchase of The Cedars Care Home from care operator QH The Cedars Limited. Geoff Hazlewood of Ashtons Legal advised on the purchase.
Stow Healthcare, which has increased its capacity to over 330 beds in East Anglia with this purchase, also operates the award winning Stowlangtoft Hall Nursing Home near Bury St. Edmunds, Ford Place Nursing Home in Thetford, Brandon Park Nursing Home near Brandon, and Melford Court Care Home in Long Melford. This acquisition is the second such deal Stow Healthcare has completed in the region recently, following their purchase of Halstead Hall, also located in Halstead, Essex.
The Cedars is currently registered for 63 residents and offers Stow Healthcare the opportunity to expand its premium care brand in Essex. The Cedars, an elegant 19th Century house that retains many of its original features, is located on the edge of the historic north Essex town of Halstead. The home provides long-term, respite and convalescence dementia and nursing care to the elderly. Under the Stow Healthcare banner, the home will be renamed Cedars Place.
Roger Catchpole, Managing Director of Stow Healthcare, said of the deal: "We are delighted to have agreed the purchase of a care facility with such great potential. Despite the home struggling for many years, I am confident that with the support of Essex County Council, the Care Quality Commission, and the local Halstead community, we can turn this home into one of the best care homes in Essex.”
Stow Healthcare’s legal advisers on the transaction were Ashtons Legal. Geoff Hazlewood, who heads the Corporate and Commercial team at Ashtons, commented: “We are delighted to be able to assist Stow Healthcare again as they continue to expand their group of award-winning care homes in Suffolk, Norfolk and Essex. It is rewarding to be able to work with a company which is clearly committed to providing a much-needed high quality resource in the region and has found a highly successful formula for doing so.”