Housing 21 and The ExtraCare Charitable Trust considering merger
Bruce Moore, Chief Executive of Housing 21 said: “This is a great opportunity for two strong organisations to come together and work alongside each other to provide quality services and homes for older people. A merger would allow both organisations to be financially stronger and more resilient, offer better value for money to our residents, have access to a wider shared pool of expertise and ultimately have greater influence in being able to advocate for older people and the services they require now and in the future.”
Mick Laverty, Chief Executive of The ExtraCare Charitable Trust said: “Essentially a merger would allow us to support better lives for more older people and would make our existing retirement communities more affordable for our current residents. Becoming part of a larger group would strengthen our position whilst retaining our focus and distinctiveness in the provision of Extra Care Villages.”
Any merger would be subject to the processes of due diligence and feedback from consultations and engagement with residents, employees, members, funders, regulators and other important stakeholders.
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