Anchor Hanover Group Acquisition (0167Z)

TIDM38OI

RNS Number : 0167Z

Anchor Hanover Group

12 September 2022

Anchor Hanover Group

12 September 2022

Anchor, England's largest not-for-profit provider of care and housing for older people, announces further expansion of its care home portfolio.

Anchor has exchanged contracts to expand further its care home portfolio with the acquisition of the entire share capital of both Hadrian Healthcare (Skipton) Limited and Hadrian Healthcare (Roundhay) Limited - two new freehold residential care homes in Yorkshire - for a combined purchase price of GBP51.25m. The purchase price is payable at completion of the respective homes.

The two exceptionally high-quality, purpose-built homes in Skipton and Roundhay, Leeds, are currently under construction and are due to become operational in April 2023 and June 2024 respectively.

The acquisition is a key part of Anchor's Business Plan to provide more and better homes where people love living in later life.

In July 2022, Anchor announced contracts had been exchanged to acquire the entire share capital of Halcyon Care Homes Topco Limited: 11 purpose-built residential care homes in the East Midlands and the South of England for a combined consideration of GBP59.09m.

Along with the announcement in July, this announcement means Anchor - the fourth largest operator of residential care homes in England - will see its care home portfolio grow from 114 to 127 homes.

Sarah Jones, Anchor Chief Executive, said: "Hadrian Healthcare is a well-known name in the sector for the development and construction of high-quality, purpose-built residential care homes, and these two homes will add to the five homes we acquired from them in 2019.

"We've set out a clear strategy for growth in our Business Plan, and this latest announcement shows how we're realising those aspirations to provide more homes where people love living in later life, and to create more opportunities for people to find a fulfilling career working in the social care sector."

"I'm also delighted that Anchor will continue to set high standards in terms of operating sustainable and energy-efficient homes, with these new additions being built to an Energy Performance Certificate A rating standard, including energy efficient measures to retain and recover heat while maintaining high levels of internal air quality and generating renewable energy onsite through solar photovoltaic panels. "

The two homes will join the Anchor care home portfolio on their individual practical completions.

Anchor Hanover Group

Derya Filiz

Head of External Communications

The Heals Building Suites A & B, 3(rd) Floor

22-24 Torrington Place

London

WC1E 7HJ

07713085004

derya.filiz@anchor.org.uk

communications@anchor.org.uk

ENDS

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