Impact Healthcare REIT PLC (LSE:IHR) entered into an agreement to acquire portfolio of three care homes from Prestige Care Group Holdings Ltd. for £17 million on January 11, 2018. The portfolio consists of Sand Banks Care Centre, Parkville Care Centre and Roseville Care Centre. Following completion, PRESTIGE CARE GROUP LIMITED will continue to operate the homes as the tenant of Impact Healthcare REIT PLC. Completion of the deal is conditional, among other things, on regulatory approval. The acquisition is expected to complete before the end of the first quarter of 2018. As of April 27, 2018, the acquisition of the first of these three assets was subsequently completed for 54 beds in March 2018. The acquisition of 103 beds at Roseville is expected to complete shortly. As on May 23, 2018, Impact Healthcare completed the acquisition of 103 beds at Roseville. Joe Winkley and Neil Langford of Winterflood Securities Limited acted as financial advisors to Impact Healthcare REIT PLC (LSE:IHR) in the transaction.