United Health, a specialist provider of mental health and physical disability care, has sold a portfolio of 11 assets to Achieve Together, which supports people with learning disabilities, for £17m.
The portfolio comprises two mental health assets and nine learning disability homes in Derbyshire and Lincolnshire.
United Health chief executive Philip Pearson said: “For over 25 years we have consistently delivered quality services for individuals with profound and complex needs. Handing over this provision brought with it a sense of sadness, but in terms of our organisation’s development was the right time.”
Joe Munro, surveyor at Knight Frank, which advised United Health on the disposal, said: “The pandemic has highlighted the importance of bespoke and tailored care for those suffering from physical ailments and learning disabilities, and this has resulted in strong continued demand from a range of investors and operators for specialist care platforms which facilitate the provision of high-quality care to individuals with a range of complex needs.
“This transaction, following other notable examples such as the acquisitions of Consensus and the Priory Group earlier this year, illustrates the positive sentiment toward the specialist healthcare property sector and serves to demonstrate its ongoing appeal despite the challenges posed by the pandemic.”
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