A healthcare real estate investment trust (REIT) has acquired HC-One, the UK’s largest care home provider, from Safanad for over $1.6bn (€1.34bn).
Investment firm Safanad said it has sold HC-One, an operator of nearly 300 homes, to the unnamed healthcare REIT.
Kamal Bahamdan, founder and CEO of Safanad, said: “HC-One has been a defining investment for Safanad and a clear example of our long-term, partnership-driven approach. Over the past decade, we worked closely with management to strengthen HC-One’s foundation, modernise operations, and enhance the standard of care delivered to thousands of residents across the UK.
“We are proud of the transformation achieved and confident that HC-One is well positioned for its next chapter under new ownership, while Safanad continues to expand its global healthcare platform — with a particular focus on Saudi Arabia and the wider Gulf region, where structural transformation is creating significant opportunities for long-term value creation.”
Ziad Dannaoui, senior partner at Safanad, said: “The sale of HC-One marks the culmination of a decade-long partnership and value creation journey. Our sustained investment in HC-One’s infrastructure, digital transformation, and operational excellence has generated substantial value for all of our stakeholders.”
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