Morris Care yesterday announced that it has transferred all six of its nursing homes to Welford Healthcare, in a seamless transition ensuring ‘business as usual’.
Welford Healthcare is an established provider of healthcare services with an existing portfolio of 13 quality homes located across the UK, and is proud of its reputation for outstanding nursing and residential care provision.
Morris & Company is retaining a meaningful investment in Impact Healthcare REIT plc which is listed on the London Stock Exchange and acquires freehold interests in high quality real estate which includes Welford as a current tenant.
The move enables Morris & Company to further invest in the healthcare sector and it is already planning new nursing home builds as part of its property growth plans – property having been the backbone of the business over the past 100 years.
Under the leadership of the current Chief Executive, Lucy Holl, the entire Morris Care team of 560 will continue to trade as Morris Care, so residents and their families will see little day to day change. The seamless transition has been accomplished to ensure ‘business as usual’.
Robin Morris, Chairman of Morris & Company commented: “This strategic move follows many decades of significant investment in Morris Care which has built the business to its award-winning position today. We are confident the transfer to Welford Healthcare as the new operator, will ensure the continued high quality of care our residents have come to expect, whilst assisting our family company to make long term investments to meet our future aspirations.
“It is the dedication and professionalism of our outstanding care team that has ensured the Morris Care service, care and culture is of the highest standard. I should like to take this opportunity to thank Chief Executive Lucy Holl and every single member of the Care team for their hard work and wish them continued success going forward.”
Pete Madden at Welford Healthcare commented: “As we continue to implement our acquisition strategy focused on high-quality, well-performing care homes, we are delighted to welcome the Morris Care homes into Welford. We look forward to starting work with the team and resident communities.”
With this ongoing commitment to the healthcare sector, the Morris Group remains fully invested in its other businesses spanning property development, construction, portfolio management and its growing holiday rentals business. Each of the Morris businesses shares a collective philosophy of ‘excellence as standard’.
Morris & Company were advised by Knight Frank London office, Edwin Coe LLP of 2 Stone Buildings Lincoln’s Inn, London and WR Partners, Shrewsbury office. Julian Evans, Knight Frank’s Head of Healthcare commented: “We are delighted to have advised Morris Care on their best-in-class care home portfolio. The quality of the six care homes are a credit to the Morris family and it is pleasing to know the homes will be operated under the excellent management of Welford Healthcare.”
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