Eleanor Healthcare Group purchases two Southeast care homes

Eleanor Healthcare Group
Conewood Manor Nursing Home

Independent provider of health and social care services, Eleanor Healthcare Group, has acquired Conewood Manor Nursing Home in Bishop’s Stortford, Hertfordshire, and Pine Lodge in Sittingbourne, Kent, for undisclosed sums.

Conewood Manor is a residential and nursing home with 42 single bedrooms and two double bedrooms. The original part of the home is Grade II listed with many authentic features. After five years and an investment of £1.8 million, the whole property has been refurbished, with all rooms offering en suite facilities, a six-bedroom extension, refurbished communal areas and landscaped outdoor areas. The business has been owned by Shervey since 2014 and was sold to allow the company to rationalise its portfolio of care homes.

Eleanor Healthcare Group
Pine Lodge

Pine Lodge cares for up to 59 residents requiring dementia care and has received “considerable expenditure”. It is a detached property which has been extended to provide two interconnecting wings, with accommodation on two floors. Pine Lodge was previously owned by Steve Thompson who decided to sell as part of his retirement plans.

Eleanor Healthcare Group now owns a portfolio of nine homes.

Eleanor Healthcare Group’s chief executive Marc Santhi, said: “At Eleanor, we focus everything we do around five main values: trust, respect, empowerment, innovation, and fulfilment. Conewood Manor is one of the top 20 care homes in the area and it was attractive to us for various reasons: run by a family-owned business, known as the best care home in the area, and because of our ongoing interest in the care home sector, this was a no-brainer. The home itself is very homely, prestigious, has a good reputation in the care home sector for great service, pleasant staff, it ticked all the boxes for us.

“The previous owner of Pine Lodge, Stephen Thompson, has built a great reputation for Pine Lodge for over 40 years, into the beautiful home it is now. He was extremely selective about finding a buyer for the home and, after much consideration, he eventually saw the vision that we at Eleanor have for all our homes and we were able to assure him that this valuable asset he had waited so long to sell, because he wanted to find the right buyer, was in good hands. We were also happy that he was well-known to many in the area and had a good reputation for running Pine Lodge at a very high standard. This naturally aligned with all our values and principles.

“We are always looking to set the standard for care homes, and Conewood Manor and Pine Lodge fit in with our bold vision and mission as a provider. These two acquisitions mark a really important milestone in Eleanor’s journey toward creating a better care sector. As people live longer into their old age, the country needs more quality care homes.”

Business property advisor Christie & Co handled the sales.

John Harrison, director at Christie & Co, said: “Despite the challenges faced by the healthcare sector this year, the sale of these businesses illustrates the continued buyer demand for high-quality, profitable care homes in the Southeast of England.”

Date published: October 19, 2021

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