Smith succeeds Tugendhat as CEO of HC-One
David Smith has been appointed chief executive officer of HC-One, succeeding James Tugendhat. The transition of leadership at HC-One, the largest care home operator in the UK, could mark a strategic pivot from the growth and stabilisation era under James Tugendhat to a phase likely focused on financial optimisation under David Smith. Tugendhat, who joined as Chief Executive in September…
Welltower invests £6.4bn in UK senior care homes
US-based REIT Welltower has invested a total of £6.4bn in UK senior care homes operated by HC-One and Barchester Healthcare. Candesic supported Welltower in part of this process looking at select assets. The largest component of the transaction is the acquisition of a real estate portfolio of Barchester-operated communities for £5.2 billion. As part of the transaction, Welltower has formed an exclusive…