Care professional acquires County Durham nursing home for new regional care group
A care professional has acquired the County Durham nursing home she’s managed for the last four years.
Elaine Reay has been running Langley House Residential Care Home in Horden, near Peterlee, through her consultancy firm Resolve Care.
She has now acquired the 26-bed property from Durham Aged Mineworkers Homes Association (DAMHA) and plans to build a new healthcare group for the North East, having already started exploring further acquisition opportunities in the region.
Langley House, a purpose-built single storey nursing care home, is based in the centre of Horden and operated by a team of 35.
Elaine is a trained nurse and has over 30 years’ experience in healthcare. She moved into the private sector in the mid ’90s and set up Resolve Care 10 years ago.
Elaine commented: “Langley House is a high quality facility run by an excellent team, and having managed for the last four years, we know both the property and the people living and working there very well.
“When the opportunity arose to take it on, it seemed like a very natural step to take, and it’s exciting to have now completed the purchase.”
She continued: “We’ll be maintaining our links with the Durham Aged Mineworkers Homes Association, and will be looking to extend the services that we offer within Langley House out into the local community, so that older local people can also get the support they need within their own homes.”
Discussing her wider plans, Elaine said: “We believe there are also opportunities to build a small group of residential properties within the region through which we can provide a consistent level of high quality care services, and we’re now actively looking at further acquisition options.”
She was advised on the acquisition by Michael Cantwell and Matthew Flinders of RMT Accountants & Business Advisors, and Tilly Bailey & Irvine LLP partner Craig Malarkey.
RMT’s head of corporate finance, Michael Cantwell, said: “Elaine has both a hugely impressive industry track record and a real passion for providing the best possible support for the people in her care, and we’ve been working with her for many months to ensure everything about this acquisition went as smoothly as possible.”
Craig Malarkey, partner in the corporate and commercial team at Tilly Bailey & Irvine, commented: “Elaine clearly has the residents’ interests at heart and it was our job to ensure the process went as smoothly as possible to allow her to focus on continuing to provide the best possible service to the residents.”
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