A nursing home in Barry has been sold for the first time in 30 years. College Fields Nursing Home changed sold for an undisclosed amount.
The business has been acquired by regional operators Jacob and Beena George, who already run a number of nursing homes in the area, following the retirement of its existing owners, Mike and Rachel Kemp. Business property firm Christie & Co advised on the sale.
The company said all staff have been retained and service will continue without any changes.
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Mr and Mrs Kemp first opened the end-of-life care home, registered for 68 residents, in the 1980s.
They said: "After owning the home for 33 years, we decided that it was time to retire, and so instructed Christie & Co to sell it for us. We’re really pleased to be passing it over to such experienced operators as Jacob and Beena who we’re sure will ensure continuity of care and really look after the staff and residents that we’ve had the pleasure of working with and for all these years. Wishing all the best to them both.”
Jacob and Beena George said: "It is such a pleasure to add this wonderful specialist nursing home to our portfolio, enabling us to have a resourceful pool for many specialities in the Cardiff and the Vale locality. We are confident that we can continue the legacy that Rachel and Mike have passed over to us, and we will be only too keen to enhance people’s positive experiences and to continue the great relationship with our residents, families, staff, and stakeholders.”
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Associate director at Christie & Co Oliver McCarthy said: "I’m very pleased to have been appointed by Mike and Rachel to sell this wonderful care home in Barry. The pair have done so much for the sector, and I’m glad that this sale allows them to retire, they deserve it. I’m pleased to see the home go to Jacob and Beena, who have bought a number of nursing homes from us in the past, and l am sure they will continue delivering the same high level of care.
He added: "The transactional market in Wales remains strong, and this is likely to continue for the remainder of the year and well into 2023."
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