Sector: Residential Care Homes
Alma Care (UK) is a company with big ambitions following its first care home purchase.
Established in 2017 by business partners Mike Whitehead and Gavin Reid, the business got off to a flying start with the purchase of The Cedars Nursing Home in Redditch.
Knowing that Mitchells is one of only a handful of care home specialists nationally, Alma Care (UK) approached Tony Hornsby and Tom Gregory from Mitchells’ care home team to help with the ‘very long and complex purchase’ of The Cedars. Their help was invaluable; so much so Mike, Managing Director of Alma Care (UK), says that he ‘wouldn’t enter any transaction without the help of Mitchells.’
Alma Care is now on course to buy a further three high quality care homes to add to its growing portfolio. Here Mike describes his experience of his first care home purchase.
How did Mitchells help you through the purchase process?
As the process of the purchase was very long and complex, Mitchells were able to work quickly and efficiently through the due diligence pack, highlighting the areas of concern. They were then able to formulate plans to manage these concerns.
Mitchells was able to help me with working through any risk and ensuring this was ironed out for the purchase. I wanted everything to go through properly and efficiently and Mitchells reciprocated this aim.
Why was the process so complex and how did Mitchells make it easier?
Due to the changing demands of the vendors, the work for the purchase needed amending or formatting differently. Mitchells were on hand and did this in a timely fashion.
I was able to speak to a member of the team on a daily basis regarding the work being carried out and they were able to give me good peace of mind that everything was being done quickly.
I believe it is vital to build and nurture strong relationships in business and thankfully Mitchells and Tony Hornsby and Tom Gregory, who I worked with on this deal, shared my views.
Would you recommend Mitchells?
I would recommend Mitchells for any care home provider.
I cannot speak highly enough about the service we received from the team throughout the very long and complex care home purchase.
Without Mitchells’ help, I am almost certain that the purchase deal would have fallen through due to the time constraints and the amount of work that needed to be done in order to secure the property.
What is the future of Alma Care (UK)?
It is my intention to expand the business beyond that of the purchase of The Cedars nursing Home in Redditch and I wouldn’t enter any transaction without the help of Mitchells. They have been extremely supportive in helping me expand my business further and assisting me in the acquisition of the residential and nursing home
If you want to find out more about what Mitchells can do for your care home business, click here or call us on 01246 274121 and ask for our specialist care home expert, Tony Hornsby. You can also email firstname.lastname@example.org.