Partner Tom Lumsden has built expertise around advising care homes on the purchase and sale of properties.
Tom explains: “The key advice to anyone considering a sale or an acquisition is to involve experienced professionals, solicitors, accountants, architects (as applicable) and other advisers, at the earliest possible stage. Some buyers will try to save costs by not involving their advisers until later in the transaction, but, rather than professional fees being saved, this quite often results in more fees being incurred, as certain aspects of an agreed deal need to be unwound or renegotiated.”
In the latest edition of The Care Home Environment (pages 34 and 35) he shares his thoughts on the process and what care homes need to look out for: http://content.yudu.com/web/1u0jl/0A40tfs/TCHEvol2iss6/index.html
