HCN buys a stake in Avery

Health Care REIT (HCN) has made further in-roads into the UK care home market by buying an initial’ 9.9% stake in Avery Healthcare Group. The move follows the US-based investment trust acquiring 14 homes operated by Avery in July 2013 in a sale-and-leaseback deal, attracted by the Northampton-based provider’s 75% average of self-paying service users.

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