Impact Healthcare REIT has invested £56m (€64m) to buy six UK care homes.
The London-listed healthcare real estate investment trust said the acquired portfolio, comprises five homes in Shropshire and one in Cheshire.
The portfolio of 438 beds was owned and operated by Morris Care.
Impact Healthcare REIT is paying 80% (£44.8m) of the £56m acquisition price in cash, with the balance paid in shares.
Impact Healthcare REIT said the operational management team of Morris Care will transfer to Welford Healthcare, which will operate the homes.
Welford is an existing Impact Healthcare REIT tenant and the investment will take the group’s relationship with Welford to 18 care homes across England with 1,087 beds.
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