Milsted Langdon’s Corporate Finance team have successfully completed the sale of Clevedon-based care home Oak Tree Lodge for an undisclosed sum.
Following the decision to retire, owners Richard and Sue Pike sold the family-run care home via property advisors Christie & Co, to care home services business Manor Community.
The Pike family successfully built up a profitable operation, running the care home with a reputation for delivering excellent quality care, highly regarded in the local area.
The business traded with a good mix of self-funded and local authority funded clients and has an excellent reputation locally. The property has 34 client bedrooms arranged over three floors, set in an imposing Victorian detached house enjoying an elevated position with outstanding views.
Deian Glyn, one of the Directors at Manor Community said: “This acquisition was a natural fit for us and we’re looking forward to working with the team to continue delivering high quality person-centred care at Oaktree Lodge.”
“Milsted Langdon provided expert guidance through a number of complexities on this transaction. Olly Pullin’s excellent technical knowledge, coupled with a friendly, easy going manner and strong commercial acumen was a tremendous help in getting us to a fair deal for all parties.”
Olly Pullin, Corporate Finance Manager at Milsted Langdon commented: “It was a pleasure to work on this project and it is always very rewarding to take a deal to completion where all parties are satisfied with the result. I wish Deian and the Manor Community team every success with their new acquisition”.
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