A well-established care home operator in the Midlands needed to raise funding to acquire a new care home during the pandemic for £5m.
Though the pandemic had impacted the occupancy and financial performance of the business, the operator was keen to take advantage of the opportunistic acquisition and sought specialist support.
The business had operated a group of five converted elderly care homes throughout the Midlands for around 15 years and required our visibility of the rapidly changing healthcare lending market to understand the level of funding they could raise before submitting an offer for the target care home.
We worked closely with the management team, accountants and contacts within the valuation community to propose a funding package that provided the capital required.
With a combination of long-term funding and working capital that the business agreed too, and the use of several funders, the capital was secured for the acquisition.
The customer was very happy with the level of healthcare sector knowledge our specialised team had and was able to take full advantage of the acquisition which led to business growth.
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