Ashberry Healthcare acquires Hereford nursing home
Care provider Ashberry Healthcare has acquired The Weir Nursing Home in Swainshill, Herefordshire, a Grade II listed Georgian mansion and National Trust property, occupied on a 99-year lease. It is situated in extensive grounds, which remain open to the public, alongside the River Wye.
The home has 34 residents, and all existing staff are being transferring by TUPE to Ashberry Healthcare.
Ashberry Healthcare supports 270 residents across eight locations in Hereford, Staffordshire, Surrey, Cheshire, and Carmarthenshire.
This is the company’s the second acquisition since its management buyout in 2020, led by chief executive Nigel Denny and chief financial officer, Gary Cottrell.
Having restructured its original portfolio, Ashberry Healthcare stated it plans to continue to grow and is seeking more acquisition opportunities.
Denny said: “This is an exciting milestone for Ashberry Healthcare and we’re delighted to welcome The Weir into our family of homes. Under the 30-year ownership of David Kingham, The Weir and its care team have built a strong local reputation and connections with residents and the local community – it is a privilege to be able to continue that heritage, and we wish David the very best for his well-deserved retirement.
“We will build on that legacy with our community-centric, small group living model that offers something different to the local market for people seeking the camaraderie, empowerment, and independence that a smaller home can offer.
Financing for the deal was supplied by Barclays.