Care home sold

A CARE home firm that owns a residence in Kilburn has been bought out.

Four Seasons Health Care, which runs Kilburn Care Centre in Dale Park Avenue, has been acquired by private equity firm Terra Firm for £825 million.

A spokesman from the company said the running of the homes would not be impacted by the deal.

The care home operator is £780 million in debt, but says its properties have recently been valued at £940 million.

Terra Firma is expected to take over the homes by July, at which point the existing debt liabilities of Four Seasons will be discharged in full.