Leading regional law firm Higgs & Sons’ specialist healthcare team has advised one of the region’s leading care home providers on the purchase of three new care homes together with a £9 million refinancing of its business.
The MY Care Group, spearheaded by Paul Hearn, acquired the homes for an undisclosed sum, expanding its portfolio to seven homes across Derbyshire and Nottinghamshire. MY Care is an established provider of high quality care services, with each of its homes holding a two star "good" rating with the Care Quality Commission.
Geoff Kettle, an associate in Higgs’ corporate department, led the deal team, which advised MY Care on its purchase of Ruddington Homes Limited which owned the care homes based in Nottinghamshire. The Higgs team included specialist corporate tax, property, employment and banking lawyers.
Geoff said: "It was great to work with Paul on this acquisition. He has a great business and a commitment to providing excellent services for his residents and we are delighted to help them with their growth.”
A key partner in the healthcare team, Susheel Gupta, said: "Our specialist team has many years’ experience and is equipped to handle every aspect of healthcare work, from corporate acquisitions and disposals, to tax issues, property, employment, and financing matters. Our aim is to always provide our clients with a seamless service and to make the legal process as simple as possible for them.”
Paul Hearn, managing director of MY Care said: “Higgs worked closely alongside my own team on this acquisition and refinancing and I am looking forward to working with them again in the future. MY Care has doubled its size in the East Midlands this year and with another acquisition lined up, will continue to look at new opportunities to expand its operations.”
To find out how the healthcare team can support your business, contact Susheel directly on 0845 111 5050 or email firstname.lastname@example.org.