Albion exits Orchard Portman

Following completion of the deal the hospital will be rebranded as Cygnet Hospital Taunton and focus on psychiatric care.

Under Albion’s tenure, Orchard Portman constructed a 23-bed extension to its existing building.

In December 2014 Albion exited Oakland Care Centre, a care home for the elderly, generating 2x returns. In July last year, the firm also invested £16m in two UK-based care homes for the elderly, to be managed by Berkley Care Group.

Previous funding
Albion invested £6.5m in Orchard Portman in 2010 and over the course of its tenure invested a total of £8.4m. 

In March 2013 the business sold Nelson House to Sussex Partnership NHS Foundation Trust and Care UK for £8m, generating a £2m profit for Albion.

Company
Founded in 2010 and based in Orchard Portman near Taunton, the business is a psychiatric care hospital set in ten acres of ground.

People
David Gudgin is a partner at Albion. Oliver Sargent is managing director at Orchard Portman.

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• Topics
• Exits
• Healthcare
• UK / Ireland
• United Kingdom
• Albion Ventures