Landmark care home sells for undisclosed sum to well know Scarborough care operator

19th January 2017 | By | Reply More

A North Yorkshire-based care company is defying the gloom surrounding the care home market and expanding through the purchase of a nursing home.

At a time when insolvencies amongst care businesses is on the rise, St Cecilia’s Care Services in Scarborough has completed the purchase of the 44-bed Queen Margaret’s Nursing Home in the town and plans to invest in its future. This is a landmark building in Scarborough and has been a private residence and a school, before it became a nursing home.

The transaction on behalf of Hawkfish Ltd for an undisclosed sum was managed by DC Care Regional Director, Alison Willoughby.

The outgoing owner has owned the business for well over a decade and was keen to see it handed over to someone they felt would continue to develop the business and ensure its ongoing service to the local community. The new owners, Mike and Melanie Padgham, are very well known in the care industry, already running successful St Cecilia’s care home and the Eastfield House day care centre in Scarborough. Mike also chairs two influential bodies – the United Kingdom Homecare Association (UKHCA) and Independent Care Group (York and North Yorkshire).

Owner Mike Padgham said: “We are absolutely delighted to welcome the former Queen Margaret’s Nursing Home into the St Cecilia’s family and really excited about its future.

“Since 2010, 380 care home businesses have gone under and between 2015 and 2016; the number of nursing homes fell from 4,697 to 4,633 – the first decline in five years.

But Mr Padgham added: “The news on care homes is currently gloomy but we believe that demand for nursing home care remains strong. People are living longer and their care needs are growing and becoming more complex.

“This addition to our company helps us to grow, enjoy the benefits of economies of scale and strengthen our operation for the future.

“We have dedicated more than 25 years to providing the best level of care that we can and look forward to extending that commitment to the nursing home, its residents, their families and to the staff team.”

The company has built its reputation on creating a homely, warm and welcoming atmosphere and on providing a level of care for its residents and day care visitors that is based upon quality of care, independence and dignity.

Mr Padgham added: “The happiness and quality of life enjoyed by our residents and our day care visitors is at the absolute top of everything we do and we strive to deliver a level of care that we would want for ourselves and for our families.

“Every client that we welcome to St Cecilia’s or to Eastfield House becomes a member of our family and we work with them and with their family to deliver the best care that we can for them.

“We look forward to building on the best aspects of the current home and bringing to it some of the St Cecilia’s magic that has served us so well and won us awards at St Cecilia’s care home and Eastfield House.””

The purchase was completed with the support of NatWest Senior Relationship Manager Phillipa Bagshaw, who specialises in supporting businesses within the healthcare sector. Phillipa Bagshaw said: “St Cecilia’s has been providing much-needed care to a range of service users and the addition of the 44-bed nursing home will allow them to support even more people. We are delighted to support St Cecilia’s on this development and wish the business every success for the future.”

Mr Padgham added: “In expanding our business we thank NatWest for their support in this venture and for sharing our vision of a new and expanded care business providing a full range of care, nursing care and day care for local people in the future.”

DC Care’s Alison Willoughby said: “I am absolutely delighted to have been able to be a part of this sale. Queen Margaret’s is an iconic building, being very hard to miss in Scarborough.

“To know it will continue to serve the local population and provide continuity of care is heart-warming. My client had very particular views on the ideal next owner for his care business; someone with empathy, passion and drive. I think we’ve delivered on all fronts and I know my client will now be taking the opportunity of enjoying a well-earned retirement.

“Mike and Melanie Padgham have lots of ideas on ensuring the future of Queen Margaret’s and I look forward to seeing them come to fruition”.

 

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Category: Acquisitions in care, Care Home News

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