Novamed acquires Knutsford Court Hotel

Penni Schewe


Dr David Wacott, Founder of Novamed. Image: Contributed

KINGSTON, Jamaica – Novamed Inc has acquired Knutsford Courtroom Resort in New Kingston from business chief Kevin Hendrickson as a result of a specially established motor vehicle Novamed Houses.

Subsequent the acquisition of Knutsford Court docket Resort, which is anticipated to shut in a few months, Novamed intends on securing shares in a major healthcare facility to enhance the acquisition. The advisors on the transaction ended up authorized company Patterson Mair Hamilton via partners Arthur Hamilton and Kim HoSue and transaction advisory through Roots Monetary Team Limited.

Hendrickson, who also owns the common Courtleigh and Jamaica Pegasus lodges, is concentrating efforts on redeveloping the former Wyndham Hotel – all situated on Knutsford Boulevard in New Kingston.

The acquisition of Knutsford Court docket Lodge, in an investment decision sized at around US$40 million among acquisition, closing and renovation, will be executed by Novamed Properties Limited – an expense car or truck specially made to acquire or work true estate qualities in the healthcare, life-style and professional areas.

Novamed, led by Founder Dr David Walcott along with Kirk-Anthony Hamilton who heads Tech Beach front Retreat and Roots Economical Team founder, Kevin Donaldson, seeks to push the transformation of emerging markets.

The business is concentrated on bringing modern remedies to rising markets in the Caribbean and Latin America by means of investments in health care specific property including real estate, working organizations, and health-related technologies. Options are in progress to renovate the assets into a product small business and life-style village that will create healthy residing, productivity and environmental sustainability into its functions.

“We feel that investing in health care extends over and above buyin hospitals and clinics, and extends into generating productive areas in daily lifetime that aid healthful and sustainable undertones to our qualified and individual routines,” stated Dr Walcott.

The acquisition of Knutsford is another move in bringing about an evolution of the Jamaican financial landscape to make it far more inclusive, he mentioned, incorporating that the house will turn out to be a hub for innovation, know-how, wellbeing, and wellness.

Additional facts will be delivered in the coming months as Novamed techniques the relaunch of the locale.

“Novamed’s acquisition of the Knutsford Courtroom Lodge speaks to Mr Hendrickson’s self esteem in our corporation and the vision that we have for the New Kingston location,” Hamilton stated.

“We are particularly grateful to be the new owners of this home and the options that we have for the property are next to none,” he included.

Right now, Novamed’s portfolio of companies contains Very first Phase, a professional medical instruction company and CareerMD, a expert consultancy for clinical practitioners. Novamed also has invested in the 30-calendar year-previous Windward Professional medical Centre, whose solutions it has digitised considering that its 2018 acquisition, by way of the implementation of an electronic healthcare document (EMR) program with synthetic-intelligence-driven selection generating capabilities to optimise overall health treatment decisions close to patients.


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