2018 LEADERS IN CARE: EXECUTIVE MANAGEMENT: MATTHEW PROCTOR, CHIEF FINANCIAL OFFICER, AVERY HEALTHCARE

Having gained a first-class degree in Accountancy, Finance and Economics, Matthew qualified as a Chartered Accountant and established his career at PricewaterhouseCoopers in London, specialising in acquisitions, disposals, flotations and business improvement.

Moving from strategic work in accountancy practice to implementational work on the client side with Gala Leisure, Matthew experienced all aspects of planning and controlling multiple businesses, essential for the role within Avery.

Since his appointment, Matthew has not only been responsible for all aspects of the financial management of the group and the development of its strategic imperatives as a key member of the executive team, but he has also been instrumental in the successful implementation of the key strategic initiatives, including: the sale of Avery’s Optimum branded 17 care home group to Four Seasons; and the management buyout of the group from private equity ownership, which was largely funded by a successful sale and leaseback of the group’s freehold properties to American investor, Welltower Inc. Matthew also led the agreement for Welltower’s investment into Avery in July 2015 to further fund group expansion and led the completion of four business acquisitions over the past three years, including 33 care homes and three retirement living facilities at a combined value of over £280m together with their subsequent operational and financial integration into Avery. Matthew also led the arrangement of over £110m of bank and lease funding for the development of 12 new build facilities over the last five years.

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Matthew has balanced the demands of the impressive expansion of Avery with operational stability and fiscal stewardship, which has seen facility numbers grow from 14 services in July 2013 to 58 currently.

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