Target ‘fully invested’

Target Healthcare REIT is to launch a new share offer after the company said it was now fully invested’ following the acquisition of two purpose-built care homes in the north west of England. Formed in January 2013, the specialist investor was listed on the London Stock Exchange two months later, raising £45.6m. Target bought the homes in Longridge, near Preston, Lancashire and St Helens, Merseyside for £11.5m, including acquisition costs. Offering a total of 154 beds, the two homes provide both residential and dementia care.

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