A CARE home has been snapped up by its existing management team in a seven figure deal.

Ruth Waltho, manager, along with her husband David, have purchased St David’s Residential Care Home for an undisclosed sum. The 48-bedroom property is located on East Parade in Rhyl and provides 24-hour care for up to 52 elderly residents.

The funding deal was supported by Allied Irish Bank (GB).

St David’s employ 40 staff. The property was originally built in 1904 as a preparatory school for boys and has also previously been used as a convalescent home for Yorkshire miners. Plans are underway to renovate the care home, including the creation of two new bathrooms, a home cinema and redecoration work.


St David’s Residential Care Home

Mrs Waltho, new owner of the home, said: “I am thrilled that our acquisition of St David’s has been successful. I have managed the home for four years now and know the business and our residents extremely well.

“We are planning to make some real improvements to the property for the benefit of our residents, improving the look and feel of their general surroundings and creating a new cinema room for them to enjoy.”

David Booth, relationship manager from Allied Irish Bank developed a seven figure funding deal to support Mr and Mrs Waltho with the acquisition of the nursing home.

Mr Booth, relationship manager at Allied Irish Bank, added: “I am pleased that we have been able to support Ruth and David with their acquisition of St David’s Residential Home. Given Ruth’s long term involvement with the business and experience in the care sector it made perfect sense for them to buy the business.”

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