A healthcare business got in contact with us regarding the purchase of two pharmacies over 15 and 10-year term deals.
The customer was looking to finance £448k and £508k for the purchase of two pharmacies located in the West Yorkshire and North Lincolnshire regions, respectively.
Our specialist healthcare team stepped in at the 11th hour after the business had been let down by another funder on the transaction.
We worked closely with the customer on very limited time to understand their business, financial performance and reasons for the acquisitions.
The deal was quickly approved and paid out thanks to the wide panel of funders that we have access to and our healthcare team’s specialist knowledge of the sector.