Encore Care Homes has reached a partnership agreement with U S health care REIT Welltower, giving Welltower the exclusive option to acquire £250million of Encore’s future developments which secures long term care options for the elderly and will allow Encore to continue to design and construct its purpose-built care homes across the south of England.
Encore, a specialist residential, nursing and dementia care home provider, designs and builds its own private care homes.
Izzy Nicholls, operations and quality director of Encore, said: “We are really proud of the difference that this partnership will make by easing pressures on the current need for care homes in England. Due to people living longer, the demand for care homes continues to grow and we hope to contribute and help tackle this problem by continuing to design and build care homes across the south.
“The care homes, which Welltower may acquire in the future, will continue to operate under the Encore brand and will allow the company to grow; therefore, creating new jobs and opportunities for those in the local community.”
She continued: “We have seen how effective building strong, innovative partnerships with healthcare experts can be to ensure we remain at the forefront of the latest industry advancements, such as our pre-existing partnership with the NHS.
“This new partnership therefore combines Welltower’s global scale and expertise with our regional knowledge and development experience to create a new approach to care home development.”