Impact Healthcare REIT buys four care homes in sale and leaseback deal
London-listed Impact Healthcare REIT has acquired four care homes in a £21m (€m) deal.
The UK healthcare real estate investor said it bought the assets from subsidiaries of the Maria Mallaband and Countrywide Group (MMCG) in a sale and leaseback transaction.
MMCG will continue to operate the homes after completion.
The four homes have a combined total of 296 elderly care beds, of which 270 are currently in operation.
One home, Belmont House, is located in Harrogate, in North Yorkshire. The other three homes are in Scotland.
Impact Healthcare said the latest investment comprises one of the six target transactions that the company included in its announcement last month and will be funded from the group’s current debt facilities.