Manchester operator sells two homes to USA investors

Development-led care home operator, New Care Projects, has sold part of its portfolio of homes for an undisclosed sum to HCP, a specialist California-based health care investment REIT.

The operation of the two homes, Allingham House Care Centre in Timperley (left) and Manorhey Care Centre in Urmston, has been taken over by Maria Mallaband Care Group.

The multi-million pound deal allows New Care to exit with surplus funds to fuel their ambitious expansion plans designing, constructing and operating ‘new generation’ purpose-built care homes across the UK.

New Care Projects’ ceo, Chris McGoff, says: “We are very pleased to see this deal conclude, as not only did we take comfort in the fact that our excellent reputation and legacy was being transferred to suitable custodians, but it also acts as a catalyst for the future growth of the New Care platform which we hope will become synonymous with raising standards in elderly health care provision.”

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