Acquisition of 11 Care Homes

RNS Announcement

Anchor Hanover Group

3 November 2022

Anchor completes acquisition of Halcyon Care Homes Topco Limited

Anchor, England's largest not-for-profit provider of care and housing for older people, completes latest expansion with a further 11 residential care homes

Anchor has completed its previously announced deal to acquire the entire share capital of Halcyon Care Homes Topco Limited ("HC Topco").

The purchase completed on the 2 November upon transfer of CQC registrations and brings the total number of care homes currently operated by Anchor to 125.

The acquisition is a key part of Anchor's Business Plan to have more and better homes where people love living in later life.

The deal substantially increases Anchor's care home estate and is the biggest care home acquisition by Anchor in recent years, following the purchase of 24 care homes from LNT Group and five care homes from Cavendish Healthcare Group in 2015. Five homes were also acquired from Hadrian Healthcare Group in 2019, with a further two expected to complete in 2023 and 2024

Anchor Chief Executive Sarah Jones said: "Our Business Plan details a clear strategy of growth. The addition of these purpose-built homes - and the skilled teams who work in them and within their support function - enable us to bring the Anchor brand of high-quality, person-centred care to a greater range of areas across England.

"Our two organisations have much in common in terms of organisational values and a commitment to innovate and continually improve our services to older people. I'm therefore very pleased to welcome the homes' residents and colleagues to the Anchor family."

ENDS

Anchor Hanover Group