Major later living provider Housing 21 is in merger talks with smaller care and support provider Extra Care Charitable Trust (ECCT)
Birmingham-based Housing 21, which manages 22,000 homes and has turnover of £224m, has announced it is in discussions with ECCT about joining together into a combined group.
Major later living provider Housing 21 is in merger talks with smaller care and support provider Extra Care Charitable Trust (ECCT)
Birmingham-based Housing 21, which manages 22,000 homes and has turnover of £224m, has announced it is in discussions with ECCT about joining together into a combined group.
Housing 21 manages 494 retirement living schemes and 145 extra care schemes, operating in 240 local authority areas. It completed 691 homes in 2022/23.
ECCT, based in Coventry, is smaller with 4,238 homes in 16 extra care villages and a turnover of £47m.
>>See also: Removing the barriers to later living development
>>See also: Housing 21 hires interim chief financial officer
The pair believe the merger would allow them to strengthen their finances and build more homes.
Under the proposed deal being discussed, Housing 21 boss Bruce Moore would become chief executive of the combined group with ECCT chief executive Mick Laverty remaining for a while “to take on strategic projects to support the success of the merger”.
No comments yet