Allied Irish Bank funds family operator’s first care home purchase

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Allied Irish Bank has funded newly Worthing-based healthcare provider Country Living Care’s first care home purchase.

The seven figure funding package was used to acquire Country Lodge in West Sussex.

William Andrews, Managing Director Country Living Care, who founded the business with his wife Deborah, said: “Following our recent move back to the UK from America, Deborah and I wanted to use our experience in the healthcare sector to run our own care home. We are delighted to acquire Country Lodge and work with our dedicated, highly trained and experienced team. Country Lodge provides superior care facilities in very tranquil and comforting surroundings for residents needing nursing care, respite care and terminally ill care.

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“We would also like to thank Allied Irish Bank (GB) for their support, without their financial backing and confidence in our business plan this acquisition would not have been possible. We have exciting plans to expand with future acquisitions and the funding from the bank’s local team in Brighton gives us the confidence to consider new opportunities when they arise.”

Nicky Tobin, Relationship Manager at Allied Irish Bank (GB), added: “William and Deborah both have extensive experience in business management and the healthcare sector and impressed us with their expertise, approach and business planning. I am very pleased to help them acquire their first care home, which I am sure will be the first of many as they embark on an active acquisition strategy.”

Tags : Allied Irish Bankcare home acquisitionFinance

The author Lee Peart

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