29 Aug 2017

Stephenson Harwood advises HC-One on £300 million care home deal

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Law firm Stephenson Harwood LLP has advised HC-One on the £300 million acquisition of 122 care homes from Bupa, the international healthcare group.

HC-One, a provider of health and social care in the UK, recently underwent a significant refinancing project, and this transaction is the latest stage in the company's growth strategy. The deal sees HC-One's portfolio expand to around 350 homes with 22,000 care beds. The acquisition was financed by Safanad, Stepstone Real Estate, Deutsche Bank and Apollo Global Management LLP. Slaughter and May advised BUPA and Skadden, Arps, Slate, Meagher & Flom UK LLP advised HC-One on the debt and equity funding.

"We were delighted to advise HC-One on this significant acquisition," said Karima Hudson, partner, Stephenson Harwood. "This was an important strategic acquisition for them, as they expand their services across the UK. Our specialist experience advising on matters in the healthcare sector allows us to understand the specific challenges involved in such matters."

The Stephenson Harwood team was led by corporate partner Karima Hudson, who was assisted by partners Anthony Clare, John Meehan, Simon Brading and Marta Garcia, and a team of associates from the corporate, employment, pensions and real estate practices.

Stephenson Harwood has a dedicated cross practice healthcare team, which draws experience from members across its network of offices in Europe, Asia and the Middle East. The team was named 'Legal Advisor of the Year' in the Private category at the HealthInvestor Awards 2017, in recognition of its commitment and high-quality client support.

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Karima Hudson

Karima Hudson
Partner

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Rose Russell
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