RSSCategory: Care Home Finance

    Investment manager Downing exits five care homes following £65m investment

    Investment manager Downing exits five care homes following £65m investment

    Investment manager Downing LLP today announces the successful exit by its funds from a group of five trading care homes, which comprise over 390 beds, managed by Care Concern Group.   Downing has worked closely with Care Concern since 2012, investing some £65 million across nine care home projects, including new-build developments, operational improvement projects, […]

    29th May 2018 | By | Reply More
    Encore Care Homes enters a multimillion pound partnership to tackle the elderly care crisis

    Encore Care Homes enters a multimillion pound partnership to tackle the elderly care crisis

    Encore Care Homes has entered a £250million strategic development partnership with U.S healthcare REIT (real estate investment trust), Welltower.  The partnership will provide Welltower with the exclusive option to acquire £250million of Encore’s future developments which secures long term care options for the elderly and will allow Encore to continue to design and construct its […]

    16th November 2017 | By | Reply More
    South Coast based specialist care provider secures investment to expand care home footprint

    South Coast based specialist care provider secures investment to expand care home footprint

    BGF has invested £3.85m in support of Dolphin Homes, a South Coast based specialist care provider for young adults with complex health needs. The funds will be used for the provision of two new care homes in Hampshire, as well as investing further into Dolphin’s existing homes. Now operating 12 homes with a total of […]

    23rd June 2017 | By | Reply More
    Luxury Leicester care home funded by Clydesdale & Yorkshire Banks

    Luxury Leicester care home funded by Clydesdale & Yorkshire Banks

    A brand-new, purpose-built care home has been developed in Birstall on the Northern outskirts of Leicester after receiving a multi-million pound funding package from Clydesdale Bank’s Specialist and Acquisition Finance team.  The home, Cedar Mews, offers 73 beds over three storeys and enjoys commanding views over the surrounding Leicestershire countryside. The ‘state-of-the-art’ facilities include a […]

    13th March 2017 | By | Reply More
    Gervis Meyrick Estate secures future for Bournemouth residential care home

    Gervis Meyrick Estate secures future for Bournemouth residential care home

    The Windsor Court Care Home in Bournemouth has been saved after the Gervis Meyrick Estate first stepped in to rescue the care home from closing and has now completed a lease to residential care specialists Beritaz Group, securing a £1m investment package in the care home facilities. Against the backdrop of a number of local […]

    28th February 2017 | By | Reply More
    Conference on ‘Nursing and Care Home Values and Trends’ confirmed

    Conference on ‘Nursing and Care Home Values and Trends’ confirmed

    Conference on ‘Nursing and Care Home Values and Trends’ Informed briefings on current values and how to increase them The annual briefing on nursing and care home values and trends, including how to enhance value will be held on 22 March 2017 at The Hatton, London EC1. In keynotes, interactive panels, case studies and talks, […]

    8th February 2017 | By | Reply More
    Westgate Healthcare make expansion plans following £34m refinancing

    Westgate Healthcare make expansion plans following £34m refinancing

    London based care home operator Westgate Healthcare Group is looking forward to major investments after securing a £34 million multi-bank facility which has enabled the group to refinance borrowings.    Specialist financiers Premier Commercial Finance Ltd masterminded the re-structure and Penningtons Manches handled the complex legal aspects.   Push Patel, Westgate’s CEO added, “Premier’s expertise has […]

    3rd November 2016 | By | Reply More
    Torquay care operator forges ahead with expansion plans

    Torquay care operator forges ahead with expansion plans

    Beechcroft Care Homes Limited has forged ahead with the expansion of eight additional bedrooms at its Choice Care Home in Torquay thanks to a £500,000 investment from Royal Bank of Scotland.   Beechcroft Care Homes own and operate four care homes situated in picturesque Cary Park, all within 400 metres of each other. They provide […]

    28th October 2016 | By | Reply More
    Avery Healthcare focused on growth with seven figure funding deal

    Avery Healthcare focused on growth with seven figure funding deal

    Northampton-based healthcare operator Avery Healthcare is focused on growth after securing a seven figure refinance package from the Royal Bank of Scotland. Avery Healthcare operates residential, dementia and nursing care homes throughout the UK, with a focus on providing the highest possible standards of living for their residents and peace of mind for family and […]

    6th October 2016 | By | Reply More
    JLL advises on £30 million elderly care management buy-out deal

    JLL advises on £30 million elderly care management buy-out deal

    JLL has advised on the £30.0 million investment into an elderly care management buy-out. Synova Capital has backed care home operator Oakland Primecare, a leading provider of premium private pay elderly care focussed on the South East of England.   With two existing homes at Hastings and Loughton and a secure pipeline of sites, the […]

    26th July 2016 | By | Reply More
    BAE pension fund deal with ExtraCare Charitable Trust

    BAE pension fund deal with ExtraCare Charitable Trust

    ExtraCare Charitable Trust Increases Funding in Partnership with BAE Systems Pension Funds Investment Management Limited (BAPFIM)   The ExtraCare Charitable Trust has completed a £35 million private placement with BAPFIM. The additional funding will build on the recently announced £150 million Lloyds Bank re-financing. It partly repays the Lloyds facility, whilst increasing the total funding […]

    25th July 2016 | By | Reply More
    Country Court Care continue expansion of group with further eight care homes

    Country Court Care continue expansion of group with further eight care homes

    Country Court Care secures funding for a portfolio of eight assets comprising a mix of new build and going concern care homes The deal was funded by vehicles advised by Cheyne Capital Management, who provided a £40 million investment and development whole loan. “We are proud of having expanded our presence in the UK healthcare real […]

    11th February 2016 | By | Reply More
    Legal & General commits £50 million loan to care home operator

    Legal & General commits £50 million loan to care home operator

    Legal & General’s lending arm, LGIM Commercial Lending Limited has announced that it has agreed a £50 million, 25 year loan to Sanctuary Group, as it continues to invest in all tenures within the UK housing sector.   The financing is secured against a portfolio of care homes and the money will be used to […]

    17th June 2015 | By | Reply More
    Midlands care group refinanced with help from Christie Finance

    Midlands care group refinanced with help from Christie Finance

    Christie Finance, the specialist commercial mortgage broker has recently advised on the refinancing of Resimed Ltd, an established care group trading as Safe Harbor Residential Care Homes. The Group own and operate six care homes offering high-quality residential care, nursing care and specialist dementia care services. Following a successful introduction by sister company Christie + […]

    5th June 2015 | By | Reply More
    Care Companies mis-sold TBL’s finally have viable routes to the compensation they deserve

    Care Companies mis-sold TBL’s finally have viable routes to the compensation they deserve

    Care Companies who have been mis-sold fixed rate Tailored Business Loans (TBL’s) by the banks, finally have viable routes to the compensation they deserve. In excess of 60,000 fixed rate TBL’s were mis-sold by Clydesdale and Yorkshire Bank as standard fixed rate loan products despite containing an underlying or “embedded” hedge facility. The Financial Conduct […]

    13th April 2015 | By | Reply More
    Graham Care plans further expansion

    Graham Care plans further expansion

    One of the UK’s leading care home operators has announced plans for further expansion following the completion of an additional £15 million funding package with Clydesdale and Yorkshire Bank. Graham Care Limited (‘Graham Care’), which already operates seven care homes in Kent, Surrey and Sussex, will open a new facility at Hawkhurst, Turnbridge Wells and […]

    16th December 2014 | By | Reply More
    Woodleigh Care opens new 66 bed care home in Mansfield

    Woodleigh Care opens new 66 bed care home in Mansfield

    A new state of the art care home, Baily House in Mansfield, has opened its doors thanks to a significant funding package provided by The Royal Bank of Scotland (“RBS”) through the banks Funding for Lending Scheme (FLS).   Baily House in Mansfield is one of LNT Group’s recently completed ‘Turn of Key Plus’ projects. […]

    10th December 2014 | By | Reply More
    Care home sector still has almost ‘uncomfortably high level’ 70% gearing

    Care home sector still has almost ‘uncomfortably high level’ 70% gearing

    Over a year since Company Watch first investigated the financial health of UK care home companies, its latest research shows that there has been no improvement in the sector’s parlous overall financial health.   Company Watch, specialist assessors of corporate financial health, looked at the finances of 5,547 care home companies, which are responsible for […]

    24th October 2014 | By | Reply More
    Sunrise Senior Living Acquires Gracewell Healthcare Management Operations

    Sunrise Senior Living Acquires Gracewell Healthcare Management Operations

    Sunrise Senior Living announced today that it has acquired the management company of Gracewell Healthcare, a residential care home company owned by Health Care REIT, Inc. (HCN).  Sunrise will operate the 11 care homes comprised of 767 units in southern England under the Gracewell brand.   Sunrise has also entered into an agreement with HCN […]

    14th August 2014 | By | 1 Reply More
    Freehold specialist school investment opportunity in Suffolk

    Freehold specialist school investment opportunity in Suffolk

    A freehold investment opportunity in Suffolk is being brought to market by specialist childcare and education property adviser Christie + Co.   Birtwick Park in Kirby Cane has been a specialist residential school since its conversion from a residential dwelling in 2012. The school is operated on a lease by Specialist Education Services Ltd, which […]

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    25th July 2014 | By | Reply More