Hugh James has supported Linc Cymru Housing Association (Linc) on the latest addition to its portfolio of health, social care and affordable housing schemes by advising on the takeover of Cardiff nursing home, Ty Coch.
Greg Williams, partner at Hugh James advised Linc on the business sale agreement and disclosure process. With Louise Priceadvising on the transfer of employees and James Guile advising on the property purchase.
Ty Coch has been running for 20 years and employs 90 staff that cares for 60 elderly residents. Since January all staff are now employed by Linc, following the initial exchange of contracts.
Greg Williams, corporate partner at Hugh James said:
“We have worked closely with Linc on the Ty Coch acquisition to ensure there was a smooth transition of ownership in line with the agreed completion deadline. We have worked with Linc for a number of years to aid their expansion of services in health and social care across south Wales.
“Hugh James has seen a general increase in activity in both primary and secondary healthcare transactions with a number of other transactions in the pipeline for 2017.”
Sahra Noor, Ty Coch nursing home manager, commented:
“All our residents and staff are excited about this new chapter with Linc. The transition has been met with lots of positivity and we definitely see this as a good step for Ty Coch in terms of the opportunities a large company like Linc can bring. The future is looking a lot brighter.”
Louise Attwood, Development Director at Linc, said:
“Our long term strategy is to develop and expand our offering and Ty Coch was the perfect addition to our portfolio of high-quality health, social care and affordable housing schemes. Due to the nature of the takeover, we required a multi-department service from Hugh James and its staff’s expertise and knowledge have been crucial in helping us confirm the deal.”
In March 2017, Hugh James also supported Linc on the development of two new extra and residential care schemes in Bridgend.