Majesticare completes further acquisition

Majesticare, the luxury care home group, has announced the completion of a deal to acquire Robins Close care home
in Wellington, Somerset. Majesticare have operated the home for over 10
years and leapt at the opportunity to acquire the freehold property in
a multi million pound deal.

Robins Close is a 61 bed,
impressive period property which has been sympathetically extended. The
property is set in acres of landscaped grounds, offering the residents
considerable freedom.  Majesticare have a significant capital investment
plan to further enhance the care home and improve the environment for
the residents.

Robins Close offers residential and nursing care and has a strong
local reputation. The excellence in the home was recently recognised by
the CQC who have awarded the home 3 Star (Excellent) status.

Commenting on the acquisition, Roger Pratap, Majesticare Chairman,
said: “We are very pleased to be able to increase our portfolio of
freehold homes to 12 through this acquisition. Robins Close is a high
quality care home and our proposed investment and approach to person
centred care will enhance outcomes for our residents and provide the
home with a fantastic future.”

For more information on this story contact Steve Oaks, Finance Director, on 01773 539900.

5th March 2010