RSSCategory: Care Home Funding

    117 care homes close as need for beds increases

    117 care homes close as need for beds increases

    The UK care home sector has continued to see a net loss in the number of homes and beds, with the past year seeing a net loss of 117 homes and 388 beds, according to the latest research by leading global property adviser Knight Frank.   The annual UK Healthcare Development Opportunities 2018 research report […]

    16th July 2018 | By | Reply More
    New to the care sector buyers snap up Staffordshire care home

    New to the care sector buyers snap up Staffordshire care home

    DC Care has recently completed the sale of Summerfields Care Home in Branston, close to Burton on Trent in Staffordshire on behalf of their client, Mrs Annette Gilliland. The new owners are Mr and Mrs Patel; first time buyers who are venturing into healthcare, with support and mentoring from a close friend who is already […]

    12th December 2017 | 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
    Colten Care announces further expansion after securing NatWest deal

    Colten Care announces further expansion after securing NatWest deal

    A family owned care home company is set for further expansion after agreeing a £26 million financing package with its new banker. Colten Care, which owns and operates 20 homes across the South of England, says it is planning to open a new home every couple of years following the deal with NatWest.     […]

    6th October 2017 | By | Reply More
    Newly completed Belfast care home creates 100 new care jobs

    Newly completed Belfast care home creates 100 new care jobs

    An Ulster Bank-supported care home investment in Jordanstown is creating more than 100 new jobs.   The 80-bed Wood Green Healthcare centre, just off the Circular Road, represents an investment of almost £4 million.   The facility sits on a four-acre site just outside Belfast. It specialises in frail-elderly and dementia care and has state-of-the-art […]

    21st April 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
    Family run care home in Lancashire expands with bank support

    Family run care home in Lancashire expands with bank support

    Mark Brierley and his sister Hannah Townson have expanded their care home High Brake House to accommodate eight extra bedrooms, all with en-suite facilities, which has received the financial support from Royal Bank of Scotland. This is the fourth extension since the brother and sister partnership took over the running in 2007. High Brake House […]

    18th January 2017 | By | Reply More
    DC Care confirm latest care home sale

    DC Care confirm latest care home sale

    DC Care is delighted to announce that we recently completed on the sale of Littlemoor House, Newbold, Derbyshire – a long established market town 25 miles north of Derby.   The Care Home is a semi-detached property which was originally constructed as a private house which has been adapted and extended to provide care to […]

    21st December 2016 | By | Reply More
    Sutton-in-Ashfield care home acquisition adds to Target Healthcare’s portfolio

    Sutton-in-Ashfield care home acquisition adds to Target Healthcare’s portfolio

    Target Healthcare REIT Limited and its subsidiaries (“the Group”), the only listed specialist investor in UK care homes, is pleased to announce that it has exchanged contracts to acquire a purpose-built care home located in the town of Sutton-in-Ashfield, Nottinghamshire.  The home will be acquired for approximately £5.6 million including acquisition costs. The transaction is […]

    1st December 2016 | By | Reply More
    HPC Supports Calls for Additional Funding for Care Sector in Autumn Statement

    HPC Supports Calls for Additional Funding for Care Sector in Autumn Statement

    With the Chancellor’s Autumns Statement due this week, the directors of specialist property consultants HPC have lent their voices to the increasing calls for additional funding for the care sector. Ian Wilkie of HPC said, “It seems that we hear the same story repeated every year, with a crisis in the NHS caused by beds being […]

    21st November 2016 | 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
    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
    Alternative therapy care home to open in Blackburn

    Alternative therapy care home to open in Blackburn

    A new Blackburn care home specialising in alternative therapy is set to open its doors at the end of June, after receiving development funding from Yorkshire Bank.   Situated on the outskirts of Blackburn, Feng Shui House will be one of only two alternative therapy care homes in the UK. Featuring 16 beds, the home […]

    21st June 2016 | By | Reply More
    Mansfield care home under new management

    Mansfield care home under new management

    Specialist elderly care home, Richmond Care Home, has been acquired by new owners in a deal supported by Royal Bank of Scotland.   The 40 bed all single en-suite facility has been taken over by the Ladhani brothers, owners of Richmond Court Care Home in Wolverhampton and Brookholme Care Home in Chesterfield. This is their […]

    15th January 2016 | By | 2 Replies More
    Elderly and dementia care home opens its doors in Dronfield

    Elderly and dementia care home opens its doors in Dronfield

    A new state of the art elderly and dementia care home has opened its doors in Dronfield thanks to funding support from Royal Bank of Scotland. The Green Nursing Homes Limited, has developed a new 39 en-suite bedroom facility on land adjacent to their existing residential home ‘The Green’ in Dronfield. Called ‘The Callywhite’ the […]

    16th December 2015 | By | Reply More
    Twenty five care jobs created with West Fife care home expansion

    Twenty five care jobs created with West Fife care home expansion

    Benore Care Home in Lochore has opened a specialist complex care unit and expanded its dementia care provision creating 25 full-time jobs thanks to support from Clydesdale Bank.    Part of the Avondale Care Group, Benore’s new Robert Allan unit will provide high quality care for residents with complex needs. The new facility can cater […]

    20th October 2015 | By | Reply More
    New Fazeley care home creates 50 jobs in care

    New Fazeley care home creates 50 jobs in care

    The opening of a new specialist care home in Fazeley, near Tamworth in Staffordshire supported by the presence of fully trained staff and a registered manager 24 hours a day will create 50 new jobs, with the support of Yorkshire Bank.   Fazeley Junction, also known as The Boathouse, opened its doors at the end of […]

    14th September 2015 | 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
    30 care jobs to be created as a result of investment

    30 care jobs to be created as a result of investment

    Randolph Hill Nursing Homes Group secures £26m finance Edinburgh-based residential care specialist Randolph Hill Nursing Homes Group Limited has secured a £26 million finance package and moved its full banking to HSBC to provide a platform for growth. Randolph Hill, which is celebrating its 30th anniversary in 2015, owns and operates six residential care homes […]

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    21st April 2015 | By | Reply More