Crick Care Home in Monmouthshire, Wales, has been sold after 30 years to a local operator with an expanding portfolio.
Providing care for up to 49 residents, Crick Care Home occupies a manor house building with a purpose-built extension. The village of Crick sits a few miles from the established towns of Chepstow and Caldicot.
The home has been under the ownership of Somendra Khosla of Golden Care Home Group for over 30 years and was brought to market earlier this year to allow him to retire. Following a sales process with Oliver McCarthy at Christie & Co, it has been purchased by Tom Bursnall, a local operator with two homes, who is looking to expand across South Wales.
Somendra Khosla said: “I started the home in 1989. After having run the home for over three decades, I decided to sell Crick so that I could retire.”
New owner Tom Bursnall commented: “I was wanting to expand my portfolio across South Wales, and so I’m pleased to have acquired Crick Care Home which will complement the other homes in our portfolio. I’m looking forward to working with the experienced team at Crick Care Home and seeing where we can take the business going forward.”
Oliver McCarthy, associate director – care at Christie & Co, added: “After 30 years of ownership, I’m delighted to have supported Somendra on his road to retirement, and I’m equally pleased for Tom who has acquired this exciting care opportunity.
“Buyer appetite in South Wales remains strong and we are seeing a number of large and regional operators wanting to expand their portfolios which is a very positive sign for the sector.”
