Armighorn Capital buys care home for £3m

Armighorn Capital buys care home for £3m
Carl Perry, Investment Manager at FDC, and Navjot Singh, Director at Armighorn Capital

Healthcare company Armighorn Capital has bought Copper Hill Care Home from HC-One following a £3m investment from Frontier Development Capital.

The property in Leeds has been rebranded and is now known as Aspen Hill Village – offering beds and services for up to 180 residents.

Armighorn operates four other care homes in the Midlands managing the care of approximately 179 elderly residents.

Navjot Singh, Armighorn Capital director, said: ‘Armighorn has a strong track record of transforming care homes needing improvement. Residents are our most important priority and that this is why when acquiring a new site, we work hard to not only make physical upgrades, but also assess and implement operational changes to raise service quality.’

The latest report by the Care Quality Commission highlighted that Copper Hill provided ‘good’ care, but ‘required improvement’ overall. Armighorn will use part of the funding to carry out refurbishments to the home, which comprises five individual units. A sixth will also be renovated and reopened.

Carl Perry, investment manager at Frontier Development Capital, said: ‘By providing this investment, we are helping Armighorn take a positive step on its growth journey to deliver an outstanding quality of care. The firm is well equipped with the expertise and ambition to have a lasting positive impact on the residents of Aspen Hill Village.

‘Outside of financial backing, we are committed to working with Armighorn’s management team to help navigate the firm’s expansion both organically and through acquisition.’