Encore Care Homes has entered a £250 million strategic development partnership with US healthcare real estate investment trust (REIT), Welltower.
The partnership will provide Welltower with the exclusive option to acquire £250 m of Encore’s future developments which secures long term care options for the elderly and will allow Encore to continue to design and construct its purpose-built care homes across the south.
Encore is a specialist residential, nursing and dementia care home provider that provides its residents with the finest care, comfort and companionship. Encore designs and builds its own private care homes to ensure the buildings are both homely yet functional, housing state-of-the-art facilities which are required to provide the highest standard of care possible.
Izzy Nicholls, operations and quality director of Encore, says: “We are really proud of the difference that this partnership will make by easing pressures on the current need for care homes in England. Due to people living longer, the demand for care homes continues to grow and we hope to contribute and help tackle this problem by continuing to design and build care homes across the south.
“The care homes, which Welltower may acquire in the future, will continue to operate under the Encore brand and will allow the company to grow; therefore, creating new jobs and opportunities for those in the local community.”
Nicholls continues: “We have seen how effective building strong, innovative partnerships with healthcare experts can be to ensure we remain at the forefront of the latest industry advancements, such as our pre-existing partnership with the NHS. This new partnership therefore combines Welltower's global scale and expertise with our regional knowledge and development experience to create a new approach to care home development.”
Encore Care Homes manages three care homes in Dorset and Hampshire; Hamble Heights in Fareham, Fairmile Grange on the grounds of Christchurch Hospital and Great Oaks in Bournemouth opened in June this year.
