Leading regional law firm Higgs & Sons' specialist
healthcare team has advised one of the region's leading care home
providers on the purchase of three new care homes together with a
£9 million refinancing of its business.
The MY Care Group, spearheaded by Paul Hearn, acquired the homes
for an undisclosed sum, expanding its portfolio to seven homes
across Derbyshire and Nottinghamshire. MY Care is an established
provider of high quality care services, with each of its homes
holding a two star "good" rating with the Care Quality
Commission.
Geoff Kettle, an associate in Higgs' corporate department, led
the deal team, which advised MY Care on its purchase of Ruddington
Homes Limited which owned the care homes based in Nottinghamshire.
The Higgs team included specialist corporate tax, property,
employment and banking lawyers.
Geoff said: "It was great to work with Paul on this acquisition.
He has a great business and a commitment to providing excellent
services for his residents and we are delighted to help them with
their growth."
A key partner in the healthcare team, Susheel Gupta, said: "Our
specialist team has many years' experience and is equipped to
handle every aspect of healthcare work, from corporate acquisitions
and disposals, to tax issues, property, employment, and financing
matters. Our aim is to always provide our clients with a seamless
service and to make the legal process as simple as possible for
them."
Paul Hearn, managing director of MY Care said: "Higgs worked
closely alongside my own team on this acquisition and refinancing
and I am looking forward to working with them again in the future.
MY Care has doubled its size in the East Midlands this year
and with another acquisition lined up, will continue to look at new
opportunities to expand its operations."