Morgan Sindall Investments purchases remaining 50% stake in Morgan Ashley Care Developments

Morgan Sindall Investments has purchased the remaining half-share in Morgan Ashley Care Developments from Ashley House plc.

Morgan Ashley specialises in providing later living schemes with a particular focus on extra care and care homes. The original joint venture was established in December 2017 and the business has now become a wholly owned subsidiary of Morgan Sindall.

Morgan Sindall Investments’ Managing Director Wes Erlam said “I’m delighted to have completed the acquisition of Morgan Ashley. The later living sector has huge potential for growth and we look forward to working with existing and new clients to deliver high quality schemes across the UK.