Pictured above: Berryman Healthcare's Roger Harcourt with
Simon Hodgkinson at the Westcliffe Care Home in Radcliffe on
Trent
Former England rugby international and Nottingham captain Simon
Hodgkinson has successfully embarked on a new career as the owner
of a care home, thanks to an integrated legal advisory service from
the dedicated healthcare team at Nottingham law firm Berryman.
Simon is the new owner of the Westcliffe Care Home in Radcliffe
on Trent, a purchase he has made with the support and guidance of
Berryman Healthcare.
Head of Berryman Healthcare, Roger Harcourt, explains: "Simon
met with one of our private client solicitors in the healthcare
team to discuss his will. As part of the discussion, Simon
explained he was considering purchasing a care home and embarking
on a new career in the healthcare sector.
"The integrated approach of our healthcare team, our knowledge
of and contacts within the healthcare sector, meant we were able to
help Simon fulfil his ambition, and provide seamless advice in
order to develop his ideas in consultation with our key sector
specialists in the relevant areas of the law.
"We worked with Simon to identify the type of care home business
he was looking for, and through our contacts we found the right
care home that was available for purchase. We also put him in touch
with a specialist healthcare accountant, whilst our contacts with
local financial institutions meant we were able to introduce him to
three banks and work with him on negotiating favourable terms for
the funding of the purchase. Berryman Healthcare's operational
support since proved crucial in obtaining credit approval for the
lending.
"The team also advised him on all commercial due diligence and
legal acquisition documentation to ensure completion of the
transaction.
"Now the purchase has completed, we are continuing to work with
Simon and his wife as mentors to assist in 'upskilling' them to
ensure the efficient running of the care home."
Roger adds: "This transaction is a great demonstration of the
healthcare team's integrated service that enables us to utilise
specialist sector knowledge to facilitate every step of the
process, helping clients like Simon to turn ideas into results.
Whilst the team acts for numerous healthcare clients on the
individual components that made up this transaction, this is the
first time we've handled the whole end-to-end service for a client
new to the sector."
On working with the Berryman Healthcare team, Simon Hodgkinson
said: "I have been really impressed with how the team has held my
hand throughout the purchase process. I am not sure I would have
been able to complete the deal without Berryman's professionalism,
patience and knowledge of the care sector. If I ever look to buy
another home, or the time comes to sell Westcliffe, I will not
consider using anyone but the Berryman team."
Alongside Roger Harcourt, head of Berryman Healthcare and a
healthcare corporate finance banking law specialist, the
transaction team included the firm's Linda Richardson, John Roddy,
David Sauvain and Guy Whitehead. Accountants on the deal were Colin
Peacock and Simon Hopkin of Greenhalgh, and the purchase was funded
by Lloyds TSB, whose team was led by its Senior Healthcare Business
Consultant Jon Saltinstall.
Roger adds: "We are aware that the healthcare sector is unique,
not least as it has to balance the need to deliver personalised
care against economic viability, within a discrete regulatory
regime that is constantly shifting. Driven by these key
considerations we believe healthcare operators need a dedicated
team, like that of Berryman Healthcare and by drawing together
sector experts, Berryman Healthcare is able to deliver 'joined up'
solutions, to help protect and develop clients businesses -
characteristics that are typified by the transaction we have
completed for Simon. "
Colin Peacock of Greenhalgh adds: "It was really pleasing to
work with fellow professionals on this deal to ensure that the
whole process worked well to ensure that the clients expectations
were met."
Nottingham firm Berryman merged with Midlands law firm
Shakespeare Putsman in 2010, creating one of the Midlands' largest
law firms. The firm advises businesses and individuals and provides
a broad range of legal services.