A Tunbridge Wells care home has been sold to another care home operator after 35 years of family ownership.
‘‘I’m very pleased to have been able to assist the Histed family with their retirement plans”
Previously a home for boys, the building in Beulah Road was bought by the Histed family in 1987 and renovated to become a 21-place residential care home.
However, the family recently decided to retire from the sector.
Speaking on behalf of the Histed family, Rebecca Lince said the family had approached Christie & Co, a specialist advisor for buying and selling businesses to organise ‘a discreet sale of Beulah Lodge as we wished to retire’.
“We are delighted to have now sold the business to BLTW which successfully operates a similar sized care home already,” she added.
The new owners, BLTW, operate Crest House in St Leonards, East Sussex.
It was sold for an undisclosed sum, but John Harrison, director of Christie & Co, said: “I’m very pleased to have been able to assist the Histed family with their retirement plans after operating Beulah Lodge in Tunbridge Wells since 1987 and to have been able to find in BLTW a care home operator which already has experience of successfully running care homes in the South East.”
He added: “We are continuing to experience good demand for care businesses in this region.”