HBI Deals+Insights / News
The real estate of Care UK, the fourth largest for-profit care home provider in the UK by revenue, has been sold by British private equity firm Bridgepoint to US-based real estate investment trust (REIT) Welltower.
Bridgepoint acquired Care UK for £420 million in 2010, expanding its portfolio from 59 to 163 homes and increasing the proportion of private-pay residents from 5% to over 50%.