Anchor buys care homes in £100m deal

Anchor is taking on 24 of the homes previously run by the LNT Group subsidiary, Ideal Carehomes. Employees at the homes will transfer to Anchor, as well as a number of support staff.

The homes, in the North and Midlands, provide a total of 1,317 en-suite rooms for older people, including people with dementia. The deal brings the total number of homes operated by Anchor to 114.

Anchor chief executive Jane Ashcroft said: “This deal represents significant growth for Anchor, in line with our business plan.

“It means we can provide happy living to many more older people. We are committed to providing a choice of great places and ways to live and we are really pleased to be welcoming new residents and colleagues to the Anchor family.”

Lawrence Tomlinson, chairman of LNT group, said: “It is a pleasure to work with Anchor especially as they share many of our core values. Having previously sold turn-of-key care homes to Anchor, we already have a well-established relationship which made the deal possible – we believe it to be the biggest deal of its kind since the financial crisis in 2008. We had not planned to sell these homes but when the opportunity arose, I knew it was a perfect fit for all parties.”