RWK Goodman achieves year of major growth for Health & Social Care team
Care sector specialist RWK Goodman has achieved growth of more than a third across its Health & Social Care team over the course of the last year, complemented by a number of complex transactions for expanding operators backed by REITs.
The team has achieved year-on-year growth of 34% over the last financial year alongside the steady expansion of its capacity across London and the South West, welcoming six new members to the team able to support on all aspects of adult and children’s care and education from acquisitions, disposals, refinance and development work to specialist regulatory requirements and employment matters.
The results mark a strong affirmation of the team’s strategic focus on the mid-market, providing support to expanding operators and those looking to depart from the sector.
Headlining the transactional work for the team is the large-scale sale and leaseback of 10 homes for a 39 home care group to a US REIT, and advising a 30-home group in the acquisition of two further homes, also backed by a US REIT.
Other notable transactions include acting for a five-home group in the addition of 104 beds to their portfolio through the purchase of two new homes and refinance, and advising the shareholders of the Oakview Care Group in the sale of three specialist care homes to leading care provider Cygnet.
Hazel Phillips, Partner and Head of the firm’s Health & Social Care team, said: “It’s a privilege to be able to work in a sector where our clients are dedicated to ensuring the adults and children they look after have the best possible access to quality care, and we’re delighted to be able to support them in navigating the challenges they face when it comes to building that sustainably.
“This last financial year has been the team’s best on record, and we’re grateful that our clients and contacts continue to value our commitment to a hands-on and agile approach to transactional work, providing key project management and legal skills needed to help clients focus on delivering high-quality care.”
The Health & Social Care team at RWK Goodman is a recognised market leader, with in-depth knowledge and experience in the social care sector. Based across London, Thames Valley and the South West, our team of lawyers are fully immersed in social care, which enables us to cut to the heart of urgent matters quickly, and help you plan for what may lie ahead.
Our aim is to get to know your business and become the strategic advisors you trust to provide insightful, pragmatic solutions. Our clients include nursing and residential homes, hospices, homecare agencies, supported living, specialist colleges and children’s services and our advice covers many areas.
