Albion Care Communities, a newly launched investor and developer of luxury care homes for the elderly, has begun its first development in Wareham, Dorset.
The new care home is due to open in the summer of 2017 and will provide facilities for 64 residents including a cafe, cinema room, hairdressing salon, dedicated activities spaces and extensive landscaped gardens. Care services will include residential, nursing and dementia care.
ACC plans to become a leading regional investor and developer across the South East and has secured the necessary funding to underpin its ambitious development programme. The homes will operate under the Mayflower brand.
ACC is chaired by Mike Parsons, founder of Barchester Healthcare and a main board director of McCarthy & Stone, where he is also chairman of the remuneration committee. The principal shareholders of ACC are the management team and the partners of Albion Ventures LLP, a venture capital fund manager with a long record of successfully backing growing companies.
Mike Parsons, chairman, said: “Albion Care Communities has been established in order to respond to the growing demand for premium care homes for the elderly across the south of England. The Wareham site is at the heart of the local community and fits very naturally with our model, which is focused on delivering premium care services to private payers. We have secured further development sites and significant funding facilities which underpin our ambitious investment programme.”