Housing 21 and The ExtraCare Charitable Trust have decided not to merge the two organisations following a period of due diligence.
In March this year, it was announced both organisations were engaging in consultations about a potential merger.
However, in a joint statement released today, the organisations’ Chief Executives, Bruce Moore (Housing 21) and Mick Laverty (The ExtraCare Charitable Trust), said: “Following detailed discussions, Housing 21 and The ExtraCare Charitable Trust have agreed that the two organisations can best serve their residents by remaining as separate entities and are therefore no longer intending to merge.
“Housing 21 and The ExtraCare Charitable Trust will each continue to develop and operate their own distinct models and services to enable older people to live better lives.”
Housing 21 and The ExtraCare Charitable Trust considering merger
Housing 21 and The ExtraCare Charitable Trust are engaging in consultations with a view to agreeing a merger of the two organisations.
Housing 21 expands property portfolio with acquisition of 445 properties from Clarion
Over 400 properties will join Housing 21’s portfolio as the acquisition with Clarion was announced.
Housing 21 completes major acquisition
A leading national provider of Extra Care and Retirement Living has strengthened its presence across London following the successful acquisition of seven Extra Care schemes for older people.