Advinia purchase 22 new care homes
Advinia is delighted to announce the purchase of 22 large nursing and residential homes from BUPA totalling 2714 beds. This is an exciting development that pushes Advinia into one of the top 15 care providers in the UK and is based on the successful operation of our current portfolio. It is satisfying to be able to invest confidently in the market where it has been clearly identified that there will be a lack of quality bed provision over the next 5 years.
Advinia Health Care is an experienced nursing and residential care provider. Privately owned, Advinia is undergoing a period of growth and this acquisition will expand its portfolio from 16 to 38 homes across the UK with 3250 beds, with plans to invest and develop further.
Dr Sanjeev Kanoria and his wife Sangita founded Advinia Health Care in 1999. Dr Kanoria is the chairman of the group, is an ex Mckinsey consultant and liver transplant surgeon in London. He is also the owner and deputy chairman of a reputable commercial bank in Austria. The group is part of the Kanoria Foundation which owns Srei Infrastructure Finance Limited, the largest infrastructure finance company in India.
Advinia has won several awards for innovation and quality care including the launching of culturally sensitive robots to help dementia residents and prides itself on providing “engaging and homely” style homes with a specialism in dementia care.