ELSTOW MANOR CARE HOME, WIXAMS

Background

As part of its £200 million Ivy Investment Programme, Rynda Healthcare LLP has advised Ivy Care Homes on its acquisition of the recently opened Elstow Manor Care Home, Wixams in Bedfordshire.

Asset description

Elstow Manor Care Home comprises 80 bedrooms and provides residential, dementia and nursing care for the older community, as well as short breaks. This state-of-the-art facility has wellness facilities, a cinema and ample outdoor space.

The home has been leased to an award-winning high-quality elderly care company, Hamberley Care Homes, for 35 years.

Business plan

Rynda has been appointed to asset manage the property to enhance its value and maintain an annual distributable surplus for Ivy Care Homes.

ELSTOW MANOR CARE HOME, WIXAMS