8th Oct 2015 07:22
LONDON (Alliance News) - Target Healthcare REIT Ltd on Thursday said it has completed its GBP6.2 million deal to acquire a purpose-built care home in Kingston-Upon-Hull.
The Alexandra Court Care Centre is a three-storey property comprising 84 bedrooms. The tenant at the home is Arrow Healthcare Ltd, which will use Healthcare Management Solutions, a specialist elderly care home operator, to run the home.
Target said the deal has been completed after the Care Quality Commission confirmed Arrow's registration.
Shares in Target Healthare were untraded on Thursday morning, having last traded at 111.80 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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