Impact Healthcare to spend £20m on three new acquisitions

Impact Healthcare has exchanged contracts on three acquisitions totalling £20.2m.

The purchase includes three care homes, which are to be leased to two operators, Welford and Careport, on new 25-year leases, and two medical units, which are on existing leases to the NHS.

The rent receivable under each of the new care home leases will be subject to annual upward-only rent reviews linked to the Retail Prices Index, with a floor of 2% pa and a cap of 4% pa.

The acquisitions include Holmesley Nursing Home in Sidmouth, Devon, which is being bought for a net