The Joint Contracts Tribunal (JCT) continues to release its 2016 suite of construction contracts in batches, with the latest batch released on 30 March...
Our experienced health and social care solicitors can advise health and social care providers on all aspects of buying and selling care homes and can support them through the process from a legal perspective.
The buying and selling of care homes is a complex process and can involve the care home itself, together with the goodwill of the business and the equipment. At Anthony Collins Solicitors, our specialist health and social care team have extensive experience in advising on the buying and selling of care homes, along with shareholder agreements and all aspects of partnerships.
Typically, the process will begin with Heads of Terms being signed, which are effectively are a summary of the key points agreed about the sale. Following the Heads of Terms being signed, we work with our clients to carry out the due diligence process to highlight any areas of concern which could lead to renegotiation of the price or negotiations to be ceased altogether.
We work with health and social care providers to ensure thorough due diligence has been carried out about the buying and selling of care homes. This can include, reviewing title and carrying out searches on the properties, reviewing residents' contracts, block contracts with local authorities, registration, regulatory and inspection issues and employee issues.
Buyers need to be aware of any matters which may affect the property, such as restrictive covenants, planning permissions and environmental issues. If any of the properties are leasehold, the terms of the lease should be carefully reviewed. It is crucial that buyers are fully aware of any issues before completing the transaction to ensure they can run the care home in accordance with their business plan.
How we can help you with the buying and selling of care homes
Our experienced health and social care team work in partnership with health and social care providers to support them through the process of the buying and selling of care homes from agreeing on terms to completion, including:
- Preparing Heads of Terms.
- Assisting you with the due diligence process.
- Preparing share purchase or asset purchase agreements.
- Advising on the transfer of employees.
- Advising on the transfer of care home premises.
We have been recognised for the work we do
Happy New Year to all of our clients and colleagues within procurement and construction. The New Year brings an opportunity to review your processes...
Anthony Collins Solicitors' Beulah Allaway reviewed the Framework Alliance Contract (FAC-1) published earlier this year, with references to existing frameworks.
We are proud to announce the release of our 2016 Annual Report.
For some time now we have been advising that, where both individual and combined lot tenders are invited, contracting authorities should specify how they...
The Joint Contracts Tribunal launched its 2016 editions by releasing the JCT Minor Works Building Contract 2016 (“the Contract”), including the version ‘With Contractor’s...
To receive invitations to our events, as well as information and articles on legal issues and sector developments that are of interest to you, please sign up to Newsroom.