Freeths advises LNT Care Developments on major sale

Leading UK law firm Freeths has played a pivotal role in advising LNT Care Developments on a transformative sale and leaseback agreement with CareTrust REIT. The transaction marks one of the largest healthcare real estate deals in the UK care sector in recent years, involving the acquisition of freehold interests in 45 operational and in-development care homes throughout England and Wales, valued at about £1.1 billion.

LNT Care Developments stands out as one of the UK’s foremost care home developers, having successfully delivered over 275 care homes nationwide. This recent transaction not only underscores investor confidence in the sector but also sets a robust platform for ongoing investment in the development of high-quality care homes, thus addressing the rising demand for modern care facilities across the UK.

Freeths’ Health & Social Care team has been a long-term advisor to LNT Care Developments, collaborating closely with Slaughter and May throughout the transaction process. Their comprehensive approach focused on the real estate, construction, banking, and due diligence elements of the deal, showcasing their extensive expertise in managing large-scale portfolio transactions and complex healthcare real estate projects.

Sarah Moore, a Partner in Freeths’ Health & Social Care team, commented on the deal by stating: “We are delighted to have supported LNT Care Developments on this transformational transaction. The deal highlights continued investor confidence in the UK care sector and the importance of delivering high-quality, purpose-built care accommodation to meet growing demand across the country." She added: “Working alongside the LNT team and Slaughter and May, we were able to draw upon our in-depth understanding of the LNT platform, together with market-leading healthcare real estate, construction, banking, corporate and transactional expertise to help deliver a successful outcome on what was a significant and complex portfolio transaction.”

The successful completion of this transaction is a testament to the resilience of the care home sector and the ongoing commitment to providing quality healthcare solutions in the UK.