Selling a care business

Specialist social care solicitors

Providing a complete range of legal and regulatory services to care providers

Direct contact with a lawyer who provides practical and commercial advice

An in-depth understanding of the key complex issues affecting the sector

Work in partnership with regional care associations

Selling a care business

When selling a care business, the key to success is to plan ahead. Our specialist social care lawyers will work closely with you at every stage of the process.

  • Helping you prepare
    If you are able to provide your buyer with organised and complete documentation in response to their investigations into the business, the sale will run more smoothly and costs will be minimised. We can provide you with a list of documents we expect the buyer will want to see so you can prepare in advance.
  • Part of your team
    Our lawyers will form part of your team from day one, working with your other professional advisers to ensure that the sale is structured in the most tax efficient and cost effective way. We are always at the ready to explain our process and answer your questions.
  • Protecting your interests
    When acting for a seller, it is vital to ensure that you are protected from a breach of warranty claim and can exit your business as cleanly as possible. We will work with you to limit your exposure, carry out a full disclosure process and negotiate appropriate limitations of liability into the contract.

Case Studies

  • Asset sale of 40 bed residential care home in the South West for regional operator for £4.8m
  • Share sale of domiciliary care business in Dorset for £450,000
  • Share sale of neuro-rehabilitation unit in Wales for £4.5m
  • Share sale of 30 bed nursing home in Gloucestershire for multi-home operator for £2.1m
I have always found them to be accessible and quick to respond to any queries. I am very happy to recommend the Social Care team at Royds Withy King to other care home providers.
Ravi Gidar, Director Gold Care Homes

FAQs

Very often we find that sellers’ documentation is incomplete or there are areas of non-compliance, for example missing fire risk assessments or equipment service certificates. We can help you identify and remedy these issues before the sale starts, reducing the chances of a buyer asking for a retention or re-negotiating the price.

This depends on a number of factors including the size of the company/group, whether it is structured as an asset or share sale, how long CQC approval takes (for an asset sale) and how long it takes to satisfy the requirements of a buyer’s funder. Typically, asset sales take around 6 months and share sales 4-6 months.

If you are selling the assets, rather than the shares, you will need to carry out an information and consultation process under TUPE. We can assist you with this and have several packages depending on how much advice you need. TUPE only applies to share sales in very specific circumstances.


Contact us to find out how our expert team can help.