UK - KCL firm makes new add-on acquisition

PriMed comprises eight homes with 280 existing beds, with plans to expand in the near future. This is one of the most significant deals for the industry in East Anglia in recent times and is a major strategic step forward for HHG, which now becomes the largest care home provider in the region. The sale takes the organisation’s East Anglian portfolio of properties from six to fourteen and is forecast to double the size of HHG’s business.

Philip Rattle, director at KCL said:'This deal is characteristic of HHG’s buy-and-build growth plans, and is bringing to fruition KCL’s original investment rationale, which is to build a regionally focused care home group with a high level of elderly and mentally infirm services.'

HHG is run by three highly experienced directors who have proven track records in the health care industry, having been responsible for building and running Care UK: Richard Clough, CEO, Graham Lomer, finance, and David Bates, operations. The non-executive chairman is Charles Auld, a well established name in the industry, who was formerly CEO of General Healthcare Group.

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