Four Seasons Health Care has acquired seven homes from Majesticare, a privately owned care group with a portfolio of 16 premium homes that primarily serve self-funded clients.
The seven homes that Four Seasons has bought have a total of 358 beds and employ 410 staff.
Four Seasons recently announced a strategy to develop a private care division that will provide high quality elderly care, together with hotel standard services and activities programmes designed primarily, but not exclusively, for self-funded customers who see the option of a care home as a life enhancing choice.
This is the third significant strategic addition to Four Seasons since it came under the ownership of private equity firm Terra Firma. Last year it acquired Optimum Care, which operates 17 care homes serving the private market under the Avery brand name, as well as four care homes in Bristol from Mimosa Healthcare Holdings.
Ian Smith, chairman and ceo of Four Seasons, said: “With Terra Firma’s support Four Seasons is building on our position as the leading independent care provider. Our strategy is to develop three focused businesses that are well positioned to meet the needs of the changing care markets and, in doing so, to increase our value.”
Roger Pratap, chairman of Majesticare, said: “This is an exciting development for the Majesticare homes that have become part of Four Seasons. Majesticare has been providing top quality care and service in hotel-like surroundings since 2000. These homes are now well placed to build on that success with the backing of Four Seasons and Terra Firma.”
The transaction will not result in any noticeable change to the day-to-day operations of the homes, or for their residents or staff.