Key Takeaways
- • Omega Healthcare Investors and Foundation Partners acquired UK care home operator Runwood Homes for £615m (€737.1m), per IPE Real Assets.
- • Runwood operates 55 homes with 3,930 registered beds across England and is the UK's sixth-largest for-profit care home group.
- • Runwood will be run by Evera Living, Foundation Partners' care platform, which appointed former Spire Healthcare COO John Forrest as CEO.
- • Scandic Hotels completed its €500m acquisition of Dalata Hotel Group's hotel operations, covering 57 hotels and around 12,500 rooms.
- • More than €1bn of European hotel deals were announced in the same week, with transactions in London, Barcelona, Vienna and Brussels.
Summary
US healthcare REIT Omega Healthcare Investors and UK investor Foundation Partners have acquired care home operator Runwood Homes for £615m (€737.1m), according to IPE Real Assets' weekly data sheet. Runwood, the UK's sixth-largest for-profit care home group, operates 55 homes with 3,930 registered beds across England. The business will be operated by Evera Living, Foundation Partners' care platform. The deal expands an existing Omega-Foundation partnership that aims to build a larger UK care business through further sector investment.
Evera Living has appointed former Spire Healthcare chief operating officer John Forrest as CEO, and Vishul Seewoolall, formerly COO of Signature Care, will become COO. Omega's chief investment officer Vikas Gupta described the transaction as a landmark investment reflecting the REIT's ambition to back high-quality healthcare businesses over the long term and its commitment to the UK care sector.
Elsewhere in the week, investors announced more than €1bn of hotel deals across Europe, with major hotels changing hands in London, Barcelona, Vienna and Brussels. Scandic Hotels completed its acquisition of the hotel operations of Dalata Hotel Group in a €500m transaction covering 57 hotels, around 12,500 rooms and a pipeline of roughly 1,600 additional rooms. Other recently completed deals listed in the data sheet include Gencom's purchase of the 308-room Rosewood London (about €350m), RIU Hotels' acquisition of the 465-room Grand Hyatt Barcelona (€300m), and Eurocommercial Properties' purchase of the Les Grands Prés shopping centre in Mons, Belgium (€265m).
Evera Living has appointed former Spire Healthcare chief operating officer John Forrest as CEO, and Vishul Seewoolall, formerly COO of Signature Care, will become COO. Omega's chief investment officer Vikas Gupta described the transaction as a landmark investment reflecting the REIT's ambition to back high-quality healthcare businesses over the long term and its commitment to the UK care sector.
Elsewhere in the week, investors announced more than €1bn of hotel deals across Europe, with major hotels changing hands in London, Barcelona, Vienna and Brussels. Scandic Hotels completed its acquisition of the hotel operations of Dalata Hotel Group in a €500m transaction covering 57 hotels, around 12,500 rooms and a pipeline of roughly 1,600 additional rooms. Other recently completed deals listed in the data sheet include Gencom's purchase of the 308-room Rosewood London (about €350m), RIU Hotels' acquisition of the 465-room Grand Hyatt Barcelona (€300m), and Eurocommercial Properties' purchase of the Les Grands Prés shopping centre in Mons, Belgium (€265m).
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