Impact buys five care homes

Impact Healthcare REIT has bought five care homes totalling 218 beds for £12.2m from Monarch Alternative Capital LP. The deal is for Briardene Care Home, Sovereign Lodge and Sovereign Court, all in Westerhope, Newcastle upon Tyne, Derwent Care Home in Hamsterley, Durham, and The Grove in Middlesbrough, north Yorkshire. The homes have a 94% occupancy…

You must be a CM Subscriber to view this content. Please log in or subscribe below.

Subscribe Now »