Care Home Share Acquisition

The Corporate legal team at Slee Blackwell Solicitors acted in the acquisition of the entire share capital of the group owning Somerforde Care Home.

Slee Blackwell act in major Devon care home share acquisition

The subject of this share acquisition was the Somerforde care home in Newton Abbot. It is a 22 bed-roomed residential care home for the elderly, fully occupied, with a staff of 21 with both private and NHS contracts. It was bought by husband and wife team, Jon and Jules Lobb. The latest CQC report for the care home, before purchase, was ‘good’ and it is Mr and Mrs Lobb’s aim to improve that to an ‘outstanding’ status.

We worked closely with the buyer’s professional advisors including Nick Connors of RBS, who provided the funding, Andy Hawkes and Tim Godfrey of Bishop Fleming and Simon Harvey at Christies.

One of the partners in the Corporate Team handling the share acquisition at Slee Blackwell commented:

“It was a pleasure to work for Jon, he was focused and passionate about the acquisition throughout the protracted negotiations and I am sure that he will take what is already a good business and turn it into a great place for his residents to see out their final years. The success of the transaction was dependant on working as a team with Jonathan’s other advisers, whom were all as motivated and a pleasure to work with,”

News of the care home share acquisition was featured in the Herald Express.

If you are looking for experienced Devon solicitors to handle your share acquisition then contact managing partner Nick Arthur for a chat on 01271 372128. Alternatively you can email us at [email protected]

 

Nick Arthur

Nick Arthur

Nick Arthur is the hugely experienced head of Slee Blackwell's commercial department. His expertise includes dealing with company share acquisitions and disposals, partnerships and site assembly. Nick has been involved in multi-million pound deals in both the corporate and the property sector.
Nick Arthur

Nick Arthur

Nick Arthur is the hugely experienced head of Slee Blackwell's commercial department. His expertise includes dealing with company share acquisitions and disposals, partnerships and site assembly. Nick has been involved in multi-million pound deals in both the corporate and the property sector.

Share this post:

Share on facebook
Share on twitter
Share on linkedin
Share on email

Share this post:

Share on facebook
Share on twitter
Share on linkedin
Share on email

Call the Slee Blackwell helpline on 0333 888 0404