Oromocto Special Care Home and Gagetown Special Care Home sold to new owners

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Oromocto Special Care Home and Gagetown Special Care Home sold to new owners

Bob Brown, Principal, Senior Advisor, and Marty Hood, former owner

We’re pleased to announce the sale of Oromocto Special Care Home and Gagetown Special Care Home by previous owners Marty & Colleen Hood and Dr. Paul & Tracey Smyth of New Brunswick to a group of industry investors. The sale took place in the summer of 2019. Combined, the homes offer approximately 90 beds for seniors including a mix of assisted living and memory care.

The Hoods and Smyths entered the industry in 2012 with the purchase of Gagetown Special Care Home and quickly gained a reputation in the industry for delivering high-quality care in well-maintained facilities. Building on their success in Gagetown, they built and opened a second facility, Oromocto Special Care Home, in 2016.

Confederation M&A were the exclusive sell-side M&A advisors on the transaction.

For more information on this transaction, please contact:

Bob Brown, Principal, Senior Advisor

bob.brown@confederationgroup.ca

Office: 506-451-1850

Mobile: 506-476-8221