Lovett Care has acquired luxury care home operator New Care for an undisclosed sum.

Cheshire-based New Care has a portfolio of 15 facilities providing 1,057 care beds in Cheshire, Merseyside, Lancashire, Greater Manchester, Yorkshire and Nottinghamshire.

Established in 2009, Newcastle-under-Lyme-based Lovett Care provides elderly care homes across England and Wales in 16 homes with 1,091 care beds.

The combined group will have a portfolio of 31 homes providing 2,148 care beds.

Lovett Care’s chief executive Keith Crockett said: “We are delighted to welcome the residents and our new colleagues at New Care to the Lovett Care family and are looking forward to working and growing together. This is a key milestone in our long-term strategy and consistent with our commitment to deliver the best-quality care in attractive market locations.”

Chris McGoff, chief executive at New Care, commented: “We are delighted that New Care is now in the reliable hands of Lovett Care who share our values, high standards, and above all our care for the residents for whom New Care is home. We are confident the homes will continue to thrive and be a success with Lovett Care.”

The sale was facilitated by Knight Frank. BKR Consultancy undertook the quality assurance for Lovett Care. Connell Consulting produced commercial due diligence on the transaction for Lovett Care, with Carterwood providing additional due diligence and PwC providing some financial due diligence..