Allied Irish Bank (GB) has funded four recent care home acquisitions by Rose Care Group.
Wolborough Court and St Benets Court in Newton Abbot, Greycliffe Manor in Torquay and Bishopsteington House in Teignmouth were acquired by the independent group through the refinancing and funding deal.
Rose Care Group founder, Paul Nery, said: “It’s been great to work with Allied Irish Bank (GB). They are very efficient and employ a commercial approach to lending combined with keeping their clients’ interests firmly in mind. This was evident during the acquisition process and the team worked closely with me throughout to get the deal done.”
Carol Noonan, relationship manager at Allied Irish Bank (GB) in Nottingham, said: “Paul and his team have built a high quality group of care homes which will be enhanced by these four acquisitions. His approach is to uphold the highest standards in a highly regulated sector, invest in his properties and support his registered managers and staff. We’re pleased to be able to back this latest stage of Paul’s growth aspirations and look forward to building on our relationship in the years ahead.”
Paul started the Rose Care Group in 2012, growing to three care homes in the south west by 2015: Alphington Lodge, Exeter; Beechcroft Residential Home near Bath and The Homestead, Exmouth.
All of the newly acquired homes are rated Good by the CQC.
Picture caption: Carol Noonan, relationship manager, Allied Irish Bank (GB), Nottingham with Paul Nery, managing director, Rose Care Group.