REG - Christie Group PLC - Christie & Co instructed to sell 111 homes

ChristieAnnouncement

28/06/2022 09:15

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RNS Number : 4379Q  Christie Group PLC  28 June 2022

28 June 2022

 

Christie Group plc

("Christie Group" or the "Company")

 

Christie & Co instructed by the Four Seasons Health Care Group to sell 111
homes

 

Christie Group plc (CTG.L), the leading provider of Professional &
Financial Services and Stock & Inventory Systems & Services to the
hospitality, leisure, healthcare, medical, childcare & education and
retail sectors, is pleased to announce that its agency and advisory business,
Christie & Co, has been instructed by the Four Seasons Health Care Group
to sell a portfolio of 111 freehold care homes located across England,
Scotland and Jersey, all trading under either Four Seasons Health Care or
brighterkind.

This is the Four Seasons Health Care Group's remaining freehold property
portfolio and associated care home business, thus being a key milestone in the
Group's ongoing restructuring process.

Christie & Co expects the portfolio to be of interest to a range of
buyers, including corporate buyers and investors, regional groups, and SME
operators all of whom are looking for growth opportunities via acquisition.

Speaking on behalf of the Four Seasons Health Care Group, Joe O'Connor,
Interim CEO of the Group, comments, "Our priority remains the continuity of
care for all residents, and the Group will work closely with Christie &
Co, potential buyers and other counterparties, as well as all relevant
regulators, to ensure that the sales process and the transition of care homes
to new ownership is seamless."

The sale is being handled by Martin Gould and Michael Hodges at Christie &
Co, who comment, "We're really proud to be part of this unique opportunity,
one of the biggest of its kind, which comes at a time when there is
significant investor and operator interest in the UK elderly care sector.

"The sale presents a chance for the new owner to work with the fantastic
existing staff at the Four Seasons Health Care Group and to invest and improve
on these brilliant homes, all the while ensuring continuity of care. We are
excited to be bringing this substantial group of assets to the market and
anticipate strong interest from a wide range of prospective buyers."

 

Enquiries:

 

 Christie Group plc
 David Rugg                     020 7227 0707

 Chairman and Chief Executive

 Daniel Prickett                020 7227 0700

 Chief Operating Officer

 Shore Capital                  020 7408 4090

 Patrick Castle

 Nominated Advisor and Broker

 

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services
group with 39 offices across the UK and Europe, catering to its specialist
markets in the hospitality, leisure, healthcare, medical, childcare &
education and retail sectors.

 

Christie Group operates in two complementary business divisions: Professional
& Financial Services (PFS) and Stock & Inventory Systems &
Services (SISS). These divisions trade under the brand names: PFS - Christie
& Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge,
Venners and Vennersys.

 

Tracing its origins back to 1846, the Group has a long-established reputation
for offering valued services to client companies in agency, valuation
services, investment, consultancy, project management, multi-functional
trading systems and online ticketing services, stock audit and inventory
management. The diversity of these services provides a natural balance to the
Group's core agency business.

 

The information contained within this announcement is deemed by the Company to
constitute inside information under the Market Abuse Regulations (EU) No.
596/2014.

 

For more information, please go to www.christiegroup.com
(http://www.christiegroup.com)

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