Constantia Healthcare director Anthony Massouras has acquired the Queens Lodge nursing home in the Lancashire town of Blackburn from private owners.
The purpose-built home has 28 en-suite single rooms and six en-suite double rooms.
The home has been family-run since its establishment over 25 years ago, most recently being passed down to Fleur and Elizabeth Wilkins.
The sale was conducted on behalf of the family by specialist business property adviser Christie & Co.
“After 30 years of owning and managing Queens Lodge, it was a big decision to sell but we are confident that, in Anthony, we have found a buyer who shares our ethos of high quality care and who will maintain the excellent standards,” said Fleur Wilkins.
Massouras added: “I was immediately drawn to the Home by the potential to build on a well-run, quality care driven operation where the owners and I shared the same vision of care.”