Independent venture capital investor, Albion Ventures, has sold Nelson House, a 32-bed ‘step down’ rehabilitation mental hospital in Gosport, to a joint venture formed by Care UK and Sussex Partnership NHS Foundation Trust for £8m – reportedly the first transaction involving a joint venture between the NHS and a private healthcare provider to acquire a hospital.
Nelson House opened last May, backed by Orchard Portman Hospitals and Albion Ventures. As a result of the sale, funds managed by Albion have generated a £2 m profit in under two years.
