News Korian enters negotiations to acquire Berkley Care Group
French care home giant Korian is set to enter the UK market with the imminent acquisition of London-based luxury developer Berkley Care Group. Berkley Care consists of six modern and purpose-built facilities across southern and south-west England and the Midlands, representing a total accommodation of 425 beds. Korian, which earned revenues of almost
€4 billion in 2020, said it expects Berkley Care revenues to total around £25m in 2021. The value of the acquisition was not disclosed. The Berkley Care facilities have
consistently impressed in the care industry and two homes have been awarded the highest ‘Outstanding’ rating by the Care Quality Commission, it added. Korian has entered into exclusive
negotiations to acquire the Berkley Care, with the acquisition is expected to close in the coming weeks. The acquisition includes the real estate of
five of the six Berkley Care homes. “The Berkley care group has always been committed to offering the very best level
of service to its residents and we know that Korian shares the same commitment and values and will be able to continue to develop the Group in line with its potential,” said Berkley Care founder Seamus Halton. Korian said the UK market is growing
rapidly with the over-85s population expected to double between 2020 and 2040 and dependency to reach 36 per cent of the population by 2040. In this growing market there is an expected deficit in the number of nursing home beds of
Stepnell sprinkles Solihull spice for £12m
Cinnamon Care Collection village retirement apartments, with personal and private lift access for first-floor residents. The former garden centre and once
Construction outfit Stepnell has completed the build-out of a £12m luxury care and retirement village in Solihull for Cinnamon Care Collection. Eastcote Park will open its doors to
residents next month, providing residential and respite care, as well as a dedicated community for those living with dementia. The two-storey build features a
50-bedroom care home and two additional apartment blocks that house 34 two-bedroom
brownfield site has been transformed with landscaped gardens, while on-site facilities include a restaurant, bar, fitness suite, cinema room, hair and beauty salon and multiple lounges. The care facility, designed by architects
Harris Irwin, will also include dedicated areas including sensory, reminiscence and visual stimulation to help support those living with dementia. Eastcote Park was completed in just over
18 months. “As a former brownfield site, the land provided several practical challenges for us - such as surface water issues - as it is surrounded by countryside,” said Stepnell regional director Adrian Barnes. “We also had the added pressure of
lockdown for a large chunk of the build, requiring us to adhere to government guidelines to ensure that we could stay on site to deliver the project on time and on budget,” he added. Stepnell will kick off construction on
another Cinnamon Care Collection care home, in Stourbridge, in the coming weeks.
10
Maria Mallaband on track to open Great Malvern home in June
Maria Mallaband Care Group is on track to complete construction of its £8m Windsor Court development in Great Malvern in Worcestershire in June. Alongside 51 ensuite rooms, Windsor
Court will feature lounges, restaurants and other communal areas including bistro and bar, hair salon, and eight- seat cinema that will be open to the community. The new care home will also
create jobs for up to 75 members of staff, including carers, nurses and administrators.
75,000 by 2030, it added. “We are delighted that the Berkley Care
Group will be joining the Korian family,” said Korian chief executive Sophie Boissard . “The UK market offers a large potential
and Korian is excited about our development in the UK after the successful entry into Spain and the Netherlands in 2019,” she added. “The Berkley teams have the same keen
focus on the well-being and care of its residents as we have in Korian and we look forward to developing with them our activities in the UK.”
www.thecarehomeenvironment.com • April 2021
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57
