Connell Consulting are pleased to have produced the commercial due diligence on Hartford Care’s latest acquisition of five care homes from The Graham Care Group.
About the acquisition: Foundation Partners and Deer Capital have acquired five fully operational homes across Kent from The Graham Care Group, in a move which takes their total investment to over £300m in the last 12 months under the Hartford Care brand. The sale reinforces Hartford Care’s ambitious expansion strategy and adds a further 513 bedrooms to its growing portfolio which now comprises 29 homes in the UK (over 1,800 bedrooms).
Foundation Partners’ managing partner Ben Puddle said: “We are very pleased with this acquisition, which broadens the scope of our services to include complex care alongside our established provision of residential, nursing and dementia care. This milestone brings us one step closer to realising our ambition of delivering a truly national, fully integrated, full-service care offering across the UK. Together with our partners at Deer Capital, we have a strong pipeline of near-term acquisitions that we hope to announce in the coming weeks that will further expand our capabilities and enhance the services and locations we provide to the communities we serve.”
Kevin Shaw, chief executive of Hartford Care, added: “The acquisition of these homes from The Graham Care Group represents another exciting milestone in our growth plan and marks our geographical expansion into Kent for the first time. It enables us to offer our expert care and ‘home from home’ environment to even more residents in new communities. We’re proud to carry on the legacy of Graham Care Group’s expertise and are working closely with the team to ensure a smooth transition as we bring the homes into the Hartford Care family.”
Ernie Graham, founder and owner of the The Graham Care Group, commented: “Hartford’s philosophy of care for the entire local community in which each home is based aligns closely with our own. This ethos is evident across their homes and in the expert support and care their residents receive. We’re looking forward to continuing to collaborate with the Hartford Care team during the acquisition period and wholly supporting our staff, residents and families through a seamless handover while we continue to operate in other areas of the Southeast running our existing homes and developing new ones.”
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