Morris Care was paid £56 million in cash and shares for six care homes, it has been revealed.
- the owners of Welford Healthcare - has paid Shrewsbury-based Morris Care the sum in cash and shares.
Morris & Company says it plans to further invest in the healthcare sector and it is already planning new nursing home builds as part of its property growth plans. A statement said:"Morris Care enjoys a strong local reputation for delivering high acuity care and has established good working relationships with the local NHS Clinical Commissioning Groups. The vendors have granted a licence for the homes to continue to trade under the Morris Care brand for three years and the operational management team of Morris Care will transfer to Welford Healthcare, which will operate the homes.
Robin Morris, chairman of Morris & Company said: “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.
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