The most widely anticipated deal in the care sector has finally happened. HC-One has acquired 122 Bupa Care Homes for £300m. However, it comes with the caveat that it is subject to regulatory approval, indicating possible involvement by the Competition and Markets Authority.  Click here to read more.

An investment group that is set to be the biggest care homes owner in Britain has vowed that it will not become the next Southern Cross. HC-One is poised to acquire about 120 homes from Bupa, possibly through a debt and equity deal amid unease about the implications for the group’s debt levels and with …

Bupa deal set to create UK’s biggest care homes provider Read More »

Care homes are teetering “on the edge” and a chronic shortage of funding risks “catastrophic failure” within the National Health Service, the businessman expected to be the biggest operator of residential homes has warned. Chai Patel, chairman of HC-One, which could take over more than 120 homes from Bupa, predicted that six national chains would …

Care home chief warns sector is on the brink of catastrophic failure Read More »

HC-One has refinanced its debt facilities in a £287m deal and completed a £130m ground rent transaction, allowing it to repay its current loan facility with HCP. The operator has secured a £287m senior debt package from Oz Real Estate and Citi.  Click here to read more. 

Few entrepreneurs would cheerfully accept state control of the prices they charge, let alone call for it to be imposed. But then Dr Chai Patel is no conventional businessman – and these are desperate days for the social care sector in which he is a key player. “I’d be very happy if the government wanted …

Chai Patel: social care is ‘an essential public good’ Read More »

Congratulations to Procurement Customer Support colleague, Nadia Humphrey, who was presented with a Kindness in Supporting Care Award. Nadia, a very popular member of the team, was nominated for the award as she always goes above and beyond her call of duty for support colleagues and home based colleagues.