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Nursing home portfolio expands with £125m partnership

Fordingbridge easter fete

Allegra Care and Moorfield have inked the first acquisition in their newly-formed £125m nursing home partnership.

 

Moorfield Group, a UK specialist real estate fund manager acting on behalf of Moorfield Real Estate Fund IV (Moorfield), and UK-focused care home operator Allegra Care, have purchased Sentinel Health Care, the privately-owned nursing home group.

 

Sentinel Health Care owns a portfolio of five operational nursing homes providing 200 beds located across Hampshire.

 

The New Forest, Dunwood Manor, Waverely Lodge and Cedar Lawn homes are focused on nursing care and the Fordingbridge home is focused on providing dementia care.

 

It marks the first acquisition following the establishment of the partnership between Allegra Care and Moorfield launched in 2020 which is aiming to create an initial £125m portfolio of modern, fit-for purpose nursing and dementia care homes in demographically supported locations across central and southern England.

 

The partnership will seek to acquire exisiting operational assets, including those offering asset management potential such as the Sentinel Heathcare acquisition, together with newly developed homes.

 

The acquisition was supported by Allied Irish Bank (AIB) as debt provider.

 

Charlie Ferguson Davie, chief investment officer of Moorfield Group, said: “We are pleased to have made our first acquisition as part of our partnership with Allegra Care and we look forward to using our combined expertise to deliver the highest quality of accommodation and care. We will continue to look for more opportunities to grow the portfolio and address the under-provision of nursing and dementia homes in the UK.”

 

Helen Jones, chief executive of Allegra Care, added: “We are delighted to have acquired the Sentinel Health Care homes. Sentinel’s well earned long track record of compliant service and commitment to resident care make them an excellent addition to our portfolio. We warmly welcome the Sentinel team into Allegra and turn our immediate attention to integrating the homes into the Allegra model.”

 

Allegra Care and Moorfield were advised by CBRE, BCLP and Menzies.

 

Sentinel Healthcare was advised by Savills, Royds Withy King and Hazlewoods.

Catherine
Sales Manager

Catherine has worked in sales and marketing her whole career, after graduating with a degree in Textile Management she worked in Corporate Workwear for many years. Catherine’s first role in the care sector was working with a disability charity that ran nursing homes and enablement projects for young adults.

Catherine

While her two children were younger, she joined her husband in his estate agency, but was delighted to return to the care sector in 2020 and now cannot imagine doing anything else.

Catherine’s role with Allegra is to support residents and their families as they explore care options. Working with the teams in the individual homes she ensures that during every stage from initial enquiry through to moving in with us every question is answered, and we offer the reassurance needed for the next chapter in our resident’s life. It is important for our residents to remain part of the community in which will have lived for years, often all their lives, so the other part of this role is connecting with local community groups, charities and organisations.

Catherine has said that working for Allegra with their groundbreaking household model means we are offering a home with compassion and care whilst ensuring residents are retaining their independence and quality of life.

Out of work Catherine enjoys baking and gardening The children are older now, but still keep her busy!

Paul Thomas
Regional Manager - Western Region

Paul has joined Allegra Care with 28 years’ experience in the health and social care sector including working in senior leadership roles for the last 18 years; covering operations, business management and quality assurance. Paul has a real passion for person centred care and how that is delivered at the highest level.

Allegra Team Paul Thomas

Paul has worked across a diverse sector over his time in health and social care and brings a wealth of experience to his new role as Regional Manager. Paul believes in integrating real and meaningful values and culture into a service and in doing so, delivering the outcomes for the people we support. Paul goes by the theory of values with no meaning, have no value.

Outside of work, Paul is the father of three boys and a 2nd degree black belt who teaches Judo.