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Private equity-backed care-home operator HC-One Ltd. agrees to purchase 122 care homes from Bupa Group for approximately £300 million. This acquisition creates the largest operator of care homes in the UK. HC-One secures equity financing from StepStone Group LP and Safanad Ltd., while Deutsche Bank AG and LLC provide debt financing. The deal expands HC-One's portfolio to nearly 22,000 beds, solidifying its position in the UK care-home industry.
Tuesday, 22 August, 2017