Newcastle care group aims for expansion following sale of care home

A North East care provider has announced that it is looking to expand with new care home acquisitions.

Aurora Care Group, based in Newcastle, is aiming for expansion after the sale of its Horden Langley House Residential Care Home to an undisclosed buyer.

The company acquired Langley House in 2018 and had been aiming to build a new accommodation block alongside the existing property, but had its plans delayed by the pandemic.

The team has now decided to allow a new owner to take on Langley House business instead and to concentrate on growing the business through further regional acquisitions and service developments.

Elaine Reay, founder of Aurora Care Group, commented: “Langley House is a high-quality facility with a very strong and stable team running it and in different circumstances, we’d already have been well on with realising our plans for its development, but having met a company that could take the business forward at a time that we couldn’t, we’re happy to give them the opportunity to take them forward instead and so provide security and certainty for the community, staff and residents.

“There have been a lot of changes and challenges in the care sector in recent years, with doubtless more to come, but we have a successful,hands-on formula for running our care homes and know we will be able to replicate it in other locations around the region when the right acquisition opportunities come along.

More:  South West London retail park asset sold to national housebuilder in £41m deal

“The impact of the pandemic has enhanced what was an already-growing demand for domiciliary care staff and we’ve already created dozens of new jobs for highly-trained people by helping to meet this need.

“There’s more potential to realise in this side of the business and we’re continuing to dedicate resources to identifying high calibre, well-trained staff who can fulfil our clients’ needs.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →


More from: | Category: M&A News