Heathfields Residential Home in Bridgend, Wales, has been sold to an independent investment group after 30 years of private ownership.
Established in 1986, the 22-bed Heathfields has been owned by Primrose Davies since 1990. The home was recently brought to market to allow Davies to pursue a well-earned retirement.
Following a confidential sales process with Christie & Co, the business has been sold to an independent investment group led by Tijo Joseph. While the group has a portfolio spanning a variety of sectors, Heathfields is its first residential home.
Tijo Joseph said: “We are thrilled to have completed the acquisition of Heathfields, which marks our first venture into the care home sector. The high-quality facilities and excellent reputation of the home made it an attractive acquisition for us, and we look forward to building on the strong foundations already in place.”
Primrose Davies said: “I have owned Heathfields for over 30 years and I’m very proud of the business that it has become over this time. I look forward to my retirement and wish Tijo and his team all the best with the home going forward.”
Oliver McCarthy, associate director of care at Christie & Co, added: “Primrose has worked tirelessly to create an outstanding care home with an enviable reputation, and l’m sure the new owners will continue her hard work.
“The transactional care market in Wales was buoyant last year, and we’re seeing this continue in 2023, as buyer appetite remains high for a range of assets across the country.”
