The McGoff Group is pleased to announce the successful sale of its operational care home Group, New Care, to Lovett Care for an undisclosed sum.  The sale sees New Care’s 15 purpose built new generation operational care homes sold, with the acquisition supported by respected PE house, H.I.G.

Despite the sale, the McGoff Group will remain in the care sector with a new venture and has retained its core senior health care team, who will focus on the new care home openings planned for 2025, including a care facility in Herne Bay and one in Bowdon.  Planning applications have also recently been submitted in Congleton, Childwall and Wilmslow too.

New Care was not actively seeking to sell the business however Lovett Care’s unsolicited offer was finally agreed, giving the McGoff Group a strategic led opportunity to further broaden its horizons into its target areas, including children’s day nurseries, Build to Rent, retirement living and open market housing.

Chris McGoff, CEO at New Care, comments: “I am pleased to announce the successful sale of our operational care home Group, New Care, to Lovett Care. New Care has continually performed well, and I am so proud of what we have built up over the last 15 years. Whilst we weren’t courting a sale in any way, the unsolicited offer finally agreed will provide strategic led opportunities for the McGoff Group, and I am confidently handing the business over to a safe pair of hands.

“Having created a very good and hugely successful business model, and with strong relationships already established with funders and investors, we will remain in the care sector.  We have two care facilities opening next year, in Herne Bay and Bowdon, with three others care homes proposed for Congleton, Wilmslow and Childwall, currently in for planning. This activity not only ensures the McGoff Group’s continued presence in the North West, but also provides the opportunity to build on its ‘Herne Bay’ foundation to deliver a Southern cluster of care facilities.”

Based in Altrincham, the McGoff Group is a £100m collective of like-minded businesses with a seamless ability to acquire, design, build, operate and maintain across targeted healthcare, residential and commercial sectors making it the favoured choice for clients, funders, joint venture partners and supply chain partners alike.  Driven by family values, innovation, excellence and operational expertise, the McGoff name signifies quality, agility and an unbreakable force that is well equipped to sustain the group for future generations to come.  For further information, please visit www.mcgoffgroup.com