The Corporate teams at Farleys Solicitors and Pierce Accountants have advised Ken and Nicola Nolan the owners of Springhill Care Group, on a sale that sees the group become a part of Leicester-based Prime Life, a UK wide provider of health and social care services operating more than 60 purpose built care homes.
Springhill Care Group is a provider of nursing, residential, rehabilitation, Demência e creche para adultos nas áreas de Lancashire e Bristol. As seis empresas de grupo restantes foram vendidas para a Prime Life, que receberam dois fluxos de financiamento separados. A venda incluiu as três principais empresas comerciais que operavam três casas de atendimento residencial separadas - Springhill Care Home em Accrington, Birch Green Care Center em Skelmersdale e Riversway Care Home Bristol
The acquisition involved a pre-completion reorganisation of the Springhill Care Group including removing Springboard, Business Support Ltd and its head office in Accrington out of the group. The six remaining group companies were then sold to Prime Life, who received two separate funding streams. The sale included the three main trading companies which operated three separate residential care homes – Springhill Care Home in Accrington, Birch Green Care Centre in Skelmersdale and Riversway Care Home Bristol
Springhill Care Legal Team da Aquisição da Debbie King, Farleys, que lidou com todos os aspectos corporativos. Questões de emprego complexas e venda e leaseback de três propriedades principais de cuidados principais como parte da aquisição, que foram tratados por Victoria Mitchell e Stephen Greenwood de Farleys, respectivamente. e passou de força em força sob sua administração e foi ótimo poder ajudá -los ao longo de sua jornada de negócios ”. Paulo foi fundamental para reunir a estrutura do acordo. Aposentadoria. ”
The deal also involved complex employment issues and the sale and leaseback of three main care home properties as part of the acquisition, which were dealt with by Victoria Mitchell and Stephen Greenwood of Farleys, respectively.
Debbie King commented: “As longstanding clients of Farleys for over 20 years it has been a pleasure to work with Ken and the Springhill team. They have built a fantastic well run business which has won numerous awards and accolades and has gone from strength to strength under their management and it’s been great to be able to assist them throughout their business journey”.
Paul Warren of Pierce Accountants of Blackburn provided financial advice to the Springhill Care Group having worked with the group for over 36 years from its inception to its sale. Paul was instrumental in putting the structure of the deal together.
Paul Warren of Pierce commented: “Having been involved in advising this incredibly successful award winning and respected care business from its commencement through to this sale and seeing its growth in this period has been a privilege. Working with and advising Ken and his team has been a pleasure and we wish Ken and Nicola a long, happy and well-deserved retirement.”
Ken Nolan, ex -presidente do Springhill Care Group, disse:
“We could not have wished for a better team than Debbie and Paul together with their colleagues at Farleys and Pierce – as ever they provided outstanding levels of advice and support throughout this successful transaction. “Whilst it is with a degree of sadness that I am retiring from Springhill, an organisation we have built as a team over the last 36 years, I am looking forward to retirement and I’m confident that I am handing over the business to people who are equally committed and the care homes are in good hands for the future wellbeing of everyone including the residents and staff.”
