Acquisition of a Closed Care Home in South West with funds arranged by Chandler & Co

Posted on December 12, 2016
Archive : December 2016
Category : News

Louise Collins, a Care Home operator, has completed the purchase of Fanshawe, a Care Home in Plymouth. Fanshawe has been closed since 2014 and Louise and her new staff team will be reopening the business in the coming months.

Louise commented, 'I would highly recommend Chandler and Co for arranging the mortgage of my existing care home and the purchase of my new care home, especially as I expected the banks to view this venture as a high risk at a time when most are cutting back in the care home sector.  I certainly gave up hope several times when Chandlers did not.'

Louise has owned Wisteria House for over 13 years and on its latest inspection has received a CQC rating of ‘Outstanding’. The home has also received the “Dementia Care Matters – Butterfly Award Level 1” two years in a row.

Mark Hickman, partner at Chandler & Co commented, “We have supported Louise since she first purchased a Care Home many years ago.  When Louise approached us to assist with this transaction, we were confident funding would be delivered.  It has been a pleasure to work with Louise and we have no doubt she will make a success of the new project given her expertise, passion and determination.  We look forward to working together in the future."

Fanshawe Care Home

Wisteria House

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