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Morris Care homes from Monday of this week will be operated by Welford Healthcare, based in St Albans, just north of London.
Welford Healthcare is an established provider of healthcare services with an existing portfolio of 13 quality homes located across the UK, and prides itself on its reputation for excellent nursing and residential care provision.
The entire 560 Morris Care team will continue to operate as Morris Care, and the company says this will mean residents and their families will see little change from day to day.
“The smooth transition has been achieved to ensure ‘business as usual,'” a statement said.
Robin Morris, Chairman of Morris & Company, said: “This strategic move follows many decades of significant investment in Morris Care, which has brought the business to its award-winning position today.
“We are confident that the transfer to Welford Healthcare as the new operator will ensure the continued high quality of care our residents expect, while helping our family business make long-term investments to meet our future aspirations.
“It is the dedication and professionalism of our outstanding care team that has ensured that Morris Care’s service, care and culture are of the highest level. I would like to take this opportunity to thank CEO Lucy Holl and all members of the care team for their hard work and wish them continued success in the future.”
Welford Healthcare’s Pete Madden said: “As we continue to implement our acquisition strategy focused on high-quality, well-performing nursing homes, we are delighted to welcome Morris Care nursing homes to Welford. We look forward to beginning to work with the team and the resident communities.”
Morris & Company says it is retaining a significant investment in Impact Healthcare REIT plc, which is listed on the London Stock Exchange and takes freehold interests in high-quality real estate that includes Welford as a current tenant.
They say the move allows Morris & Company to invest more in the healthcare sector and is already planning to build new nursing homes as part of its ownership growth plans, as ownership has been the backbone of the business. during the last 100 years.
In addition to having what it describes as an “ongoing commitment to the healthcare sector,” Morris Group says it remains fully invested in its other businesses, which span real estate development, construction, portfolio management and its growing rental business. vacation.
A spokesperson added: “Today’s announcement presents an opportunity for this fifth generation family business to continue to invest in new developments, create jobs, support the community and boost the local economy.
Morris & Company was advised by Knight Frank’s London office, Edwin Coe LLP and WR Partners, Shrewsbury office.
Julian Evans, Knight Frank’s Head of Care, said: “We are delighted to have advised Morris Care on their best-in-class nursing home portfolio. The quality of the six care homes is a source of pride for the Morris family and it is a pleasure to know that the homes will be operated under the excellent management of Welford Healthcare.”
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