Two care homes in Carmarthenshire have come under new ownership. n a deal that also includes a care home in Berskshire, Oakview Care Services has sold its Bryn Y Wawr and Clynsaer homes to Cygnet.
Care sector legal specialist RWK Goodman advised on Oakview Care Services on the disposals, The value of the deal has not been disclosed.
Bryn Y Wawr in Llandeilo provides residential care for up to 10 adults with learning disabilities, autism, and associated complex needs, while Clynsaer in Llandovery provides space for 11 residents.
The deal marks the latest addition to Cygnet’s portfolio of properties, which services more than 800 residents and service users across 74 residential, supported living, nursing home, and day services across the 海角视频.
Partner and co-head of RWK Goodman’s health and social Care team Hazel Phillips and associate Yasmine Grove led on the deal, with associate Chris Amys and associate Layla Banfield advising on employment and real estate needs respectively.
The sale was arranged by Richard Musto from care home agent The Confidential Register.
Ms Phillips said: “These three Oakview Care homes provide much needed and crucial services within Carmarthenshire and Berkshire, and we’re thrilled to be able to provide our legal expertise on behalf of Oakview to ensure these properties fit in well to the wider Cygnet group.
“Every aspect of this deal required a strong consideration not just of the aims of the overall business, but ensuring the residents in these homes will continue to get the highest quality of care and support going forward, and it’s a privilege to be able to assist in that manner with our support.”
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Moreover, a care home in Caldicot is under new ownership, in deal backed by the Development Bank of Wales.
Cherry Tree Care Home, which has opened by Hallmark, has been acquired by Basanta Nepal and Bishwa Tara Ghimire, who have run Dreams Care Homes since 2021. To support thei latest acquisition they have secured a seven-figure loan from the Development Bank of Wales. The couple had previously worked with the development bank to acquire Danygraig Care Home in Newport, and also run Ynysddu Care Home near Caerphilly.
Ms Nepal said: “We’re proud to be the new owners of Cherry Tree Care Home and are grateful for the support we received from the development bank in securing the home. The investment allows us to take on the running of the home and keep the current management team in place, while ensuring the home’s viability well into the future.
Gavin Reid, senior portfolio executive at the Development Bank of Wales, said: “Cherry Tree Care Home is an excellent business with a strong reputation, following more than 30 years of good management under the former owners.
“Our support allowed Basanta and Bishwa, who bring years of experience in the sector, to take on the home and ensure the standard of care and services provided there remains high. One of our core goals is to support growing businesses and entrepreneurs in acquiring successful ventures, and we’re pleased we were able to help make this deal as smooth as possible.”