Target Healthcare, the Stirling-based specialist investor which manages a £500 million portfolio of care homes, has acquired two new sites in an £18.6 million deal.
The real estate investment trust also said it is also working on a pipeline of further of investment opportunities as it looks to fully deploy its war chest.
In the latest deal it has bought the 70-bedroom Moors Care Centre, in Ripon, North Yorkshire, a nd the 67-bed Wharf Care Centre in Stourport, Worcestershire.
John Flannelly, head of investment at Target Fund Managers which manages the investments of the Target Healthcare Real Estate Investment Trust, said: "This transaction adds two further high quality assets, in strong locations, to the portfolio and also allows us to welcome Maria Mallaband, a highly regarded national operator, to our tenant group.
"The group now has a highly diversified portfolio consisting of 63 assets leased to 26 different operators.
"These acquisitions take us closer towards full deployment of our available capital and we continue to progress our identified pipeline of investment opportunities, with further announcements expected in the near future."
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