Keebles advise on £18.6m Blue Brick Healthcare transaction
We advised Blue Brick Healthcare on the £18.6 million acquisition of two of the provider’s care homes to listed investor, Target Healthcare.
Developed and operated by Lincolnshire-based Blue Brick Healthcare, the homes will be let on 35-year leases to a subsidiary of national care home operator Maria Mallaband Care Group, which runs more than 80 care homes across the UK.
Keebles ensured the deal progressed smoothly and on time to assist the healthcare provider in its strategy to develop and operate care homes in the North and Midlands.
Matt Ainsworth, head of Keebles’ corporate and commercial team, said: “This transaction highly complements the vision of the Blue Brick Healthcare brand. The firm has acted for Mike Bullas for many years and it is tremendous to play a role in this high-profile deal.”
Mike Bullas, founder of the Blue Brick Healthcare brand, said: “Target Healthcare’s acquisition of the homes adds two further high-quality assets, in strong locations, to its portfolio. It also enables Target to expand its tenant group with a care group operator of high standing.”