HC-One, a leading UK provider of health and social care, today announces that it has agreed with AXA Investment Managers - Real Assets (“AXA IM – Real Assets”) that it will operate 11 care homes, under new 25 year lease agreements, and eight domiciliary care services on behalf of Retirement Villages Group Ltd (“RVG”) the UK’s leading retirement village developer and manager. The agreement follows the announcement earlier today that AXA IM - Real Assets has acquired RVG, on behalf of clients."
As the pioneers of the retirement village concept, RVG’s care villages are some of the UK’s top award-winning communities for the 55-plus age group with an overall carehome.co.uk rating of 9.1.
The HC-One and RVG teams will work closely together to ensure continuity of care and a smooth transition for Residents, their loved ones, and colleagues.
The care services joining HC-One are spread across the UK and further demonstrate HC-One’s ongoing strategy to focus on strong regional growth. As HC-One reaches out to more local communities across the country, it continues in its aim of being the first choice care provider for Residents looking for the very best care and support, and the employer of choice for the best, most professional, and kindest care staff, with sector-leading career progression opportunities.
Justin Hutchens, Chief Executive Officer of HC-One, said:
“We are very much looking forward to welcoming RVG’s Residents and clients, as well as their team of hard working and dedicated care staff, to HC-One.
“This innovative agreement is an important part of our ongoing journey towards becoming the first choice care provider in all the communities that we serve, reflecting our strong financial position within the care sector.
“Our primary focus is on ensuring that there is a smooth and seamless transition and continuity of care for all RVG Residents and clients.
“The continued growth of HC-One’s services will support us in our aim of becoming the employer of choice for the best, most professional and kindest care staff.”