Wednesday, 11 February 2009

Our acquistion fell through!

I hadn't gone into detail previously, but in November 08 we became aware of a care home, relatively near where we live, which was on the market. It was the leasehold which was up for sale, and there were 14 years remaining on it. It was registered for people with dementia, both nursing and residential beds, so although it wasn't the client group I originally had in mind - we both considered it would help convince potential funders (of the Deep Green vision) that we were capabable of running a care home, and provide invaluable experience.
We had extremely valuable support from friends and family who were used to acquisitions, reading business accounts and conveyancing. St Helens Chamber of Commerce were also very supportive, not only in terms of business advice generally, but in providing us with a generic business plan for a nursing home acquistion, as one of their business mentors had recently acquired a care home in Liverpool. He also made clear that when a new business acquires a nursing home, you have to go through the full CSCI registration again (although the Registered Manager doesn't, if she stays in post).
We were seeking funding (~£2,500) for an independent evaluation, I had phoned UnLtd for a Level 1 application form.
Anyway to cut a long story short, 5pm last Friday we got a call from the Estate agents - the vendor had taken the home off the market.
So in some ways I'm sad we didn't get it, as I was already planning how I would conduct my inital getting to know you interviews with staff, and putting together the Company Handbook with policies and nursing procedures, but in others I'm sure it's for the best, as it didn't fit my specifications in many ways. As we wouldn't have owned the site, it would have made installing any kind of energy generation on site, or the other low carbon features I see as very much part of the Deep Green Care Community.

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