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Columbia Pacific Advisors invests in The Glenholme Healthcare Group

Columbia Pacific Advisors LLC said Tuesday it invested in The Glenholme Healthcare Group Ltd. Financial terms weren’t announced. London-based Glenholme is an adult specialist care provider.


SEATTLE, April 21, 2015 /PRNewswire/ — Columbia Pacific Advisors, LLC (“Columbia Pacific”), a Seattle-based alternative investment firm, announced an investment in The Glenholme Healthcare Group, Ltd. (“Glenholme”), a U.K.-based adult specialist care provider. Over the next five years, Glenholme intends to acquire, reposition and develop residential facilities throughout the United Kingdom for elderly post op rehabilitation and adults with complex mental health issues, learning and physical disabilities.
Columbia Pacific Advisors’ leadership team has extensive experience in real estate investing and health care, particularly in senior housing. The Firm’s opportunistic strategy that funded the investment pursues a flexible investment mandate, providing stable capital and strategic guidance to companies involved in special situations.
Headquartered in London, Glenholme was established in 2011 when Life Works Community Ltd., a private drug and alcohol addiction center, merged with Glenholme Mental Healthcare Ltd., a residential mental health care home, and Green Oak Living Solutions Ltd., a supported living service for adults with learning difficulties. The merger created a market leading dual diagnosis program for mental health recovery led by healthcare specialist Kent Phippen. Phippen began his career at Hillhaven Corporation with senior housing industry veteran and Columbia Pacific founder Dan Baty.
“We believe Glenholme’s outstanding management team has a compelling opportunity to address increasing demand for well-rounded health and learning disability services,” commented Alex Washburn, Managing Partner of Columbia Pacific Advisors and Portfolio Manager of the opportunistic strategy. “There is an increasing need within the U.K. health system for specialized services for individuals with complex care needs and Glenholme is well-positioned to develop new facilities and add value to existing outdated properties.”
“We are excited to receive a commitment from Columbia Pacific, a firm with an exceptional long-term track record investing in similar sectors,” said Phippen, Glenholme’s Chairman. “The Columbia Pacific team brings complementary expertise and tremendous credibility to our venture, and we are eager to leverage that expertise and resulting network to execute on our strategy. In addition to the specialist mental health efforts, the group intends to develop elderly care facilities with specific emphasis on post-op rehabilitation. Columbia Pacific management has substantial experience in this sector.”
About Columbia Pacific Advisors, LLC
Columbia Pacific Advisors, LLC manages more than $1 billion* across a variety of alternative investment strategies including private real estate, private equity, distressed debt and special situation lending. The firm utilizes deep fundamental research designed to generate compelling, consistent risk-adjusted returns. Columbia Pacific Advisors, LLC is headquartered in Seattle, WA.
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*Regulatory assets under management as of 3/31/15.
About Glenholme Healthcare Group, Ltd.
Glenholme Healthcare Group, Ltd. is one of the leading providers of specialist health care service for the NHS and the Local Authority. The aim of the group is to provide a high standard of personal-centered care and recovery based activities for individuals with enduring mental illness and other complex and challenging conditions. Glenholme Healthcare Group is headquartered in Eton, Windsor UK.