Gloucestershire headquartered JAMMAC Group has purchased Longview Care Home in Truro. The home accommodates 28 residents and specialises in the provision of care for those suffering from dementia and mental health conditions.
Purchased in December 2019 from the owners, who had run the care home for 15 years, the acquisition marks a continued period of expansion for the family business, which is led by husband and wife, Mike and Christine Westmore, with the increasing support of their three daughters and son.
Providing specialist corporate legal advice to the group were Thrings partner Simon Hore, assisted by solicitor Steven Rice. Associate Rebecca Whiting advised on the property-related matters of the deal, with Carey Willis Fleming, associate, providing employment support.
The acquisition comes a year after JAMMAC Group purchased Lilena Residential Care Home in Newquay. Thrings also advised on the deal.
Santander provided funding for both acquisitions.
Other than the Longview and Lilena residencies, the group owns and manages Rowan House in Saltash and The Crescent in Newquay. All four homes in Cornwall care for the elderly and specialise in mental health issues including Alzheimer’s, dementia, schizophrenia, challenging behaviour and sensory impairment.
Taking on the role of managing director at Longview, Mike Westmore, said: “Longview provides some of the best care in the area and is set in three acres of beautifully landscaped gardens. We look forward to getting to know the staff and residents, and adding value to this already excellent facility.
“Thank you to the team at Thrings, once again, for their diligent work. Their expertise and personal attention reassured us every step of the way and ensured we were able to complete within the required timeframe.”
Simon Hore added: “Thrings is pleased to have supported this growing family business with their latest acquisitions. With solid experience in the care home sector, we are confident in Mike and Christine’s ability to successfully grow the business further into Cornwall and beyond.”
The JAMMAC Group transactions are the latest in a series of care homes deals advised by Thrings. Further to providing legal support to buyers and sellers, Thrings has advised a number of leading banks on lending for care home acquisitions.
To discuss your merger or acquisition (M&A) queries with an expert, please get in touch with a member of Thrings’ Corporate team.
