Leading housing and care providers Sanctuary Group and Housing & Care 21 have announced their intention to merge.
The merger will see the creation of a new operation within Sanctuary Group specialising in the provision of housing for older people, to be known as Sanctuary 21.
Sanctuary 21 will manage over 32,000 units of retirement and extra care accommodation for older people, as well as care and telecare services. It will focus on meeting and promoting the needs of older people of modest means through high quality, affordable housing and services.
It is intended that the efficiency gains and capacity created by bringing the two organisations together will be used to build at least 800 homes a year for affordable rent for older people of modest means as well as additional properties for shared ownership and sale.