An undisclosed local owner andagreed to acquire three care homes in East Yorkshire, United kingdom from Impact Healthcare REIT PLC (LSE:IHR) for £4.3 million on July 2, 2024. In addition to the disposal, Impact has exchanged and simultaneously completed on the sale of two care homes.

The transaction is subject to re-registration of the care home operations from the current tenant, Minster Care Management Limited, to the purchaser which requires the approval of the independent regulator, the Care Quality Commission. Completion is expected during the third quarter of this year.