Impact Healthcare has postponed plans to raise up to £150m of equity and purchase a 2,500-bed care home portfolio.
The company announced in October that it was in advanced discussions to acquire a substantial portfolio of care homes and would meet with shareholders to discuss fundraising options.
However, in a statement released this morning, Impact Healthcare said it had “decided not to exchange contracts” on the acquisition before the end of the year. As a result, it will not proceed with an equity fundraising before 2019.
The company said it continues to be in discussions on investment opportunities, including on the portfolio of 2,500 care homes, and expects to raise equity in 2019.
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