Real estate advisor Savills has hired Rick Savage as head of healthcare valuations in its healthcare and senior living team, which sits within its operational capital markets (OCM) division which include consultancy, transactions, capital raising, joint venture structuring, M&A and debt advisory

Based predominantly in Savills Manchester office, Savage will also regularly spend time in the firm’s head office in London. He will focus on delivering valuation and consultancy services to clients throughout the UK, working across the full spectrum of the healthcare sector. A RICS registered valuer who has worked in UK healthcare for more than 15 years, he has experience in elderly care services, specialist children’s services, primary care and supported living.

Savage joins from CBRE where he was a director in the national operational real estate team.

Peter Allen, executive director and head of Savills’ OCM division, says: “[Savage’s] deep experience and valuation specialism will be a huge asset for us and for our clients. Having Rick based in our Manchester office, with regular time spent at our Margaret Street head office in London, continues our strategy of having key colleagues based in major UK regions, which allows us to deliver our clients an unmatched combination of sector expertise and local market knowledge, across the UK.”

Savage commented: “Working alongside the existing team, which has very strong capital markets and structuring capabilities, I look forward to working with our developer, operator, investor and lender clients, helping them achieve their objectives as our sectors continue to present compelling growth opportunities.”