Chesterfield based care home operator Hill Care has secured a £26 million growth loan from Barclays.

The deal is the biggest loan the bank has agreed with any care operator in the North of England this year, The Star reports.

Hill Care managing director Wendy Waddicor said: “Our priority is improving the quality of life for those who choose to reside with us, maintaining their privacy, dignity and ability to manage their own lives.

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“Through new builds and acquisitions, we will be able to support more families with the care of their loved ones.

“Barclays shares our enthusiasm, aspirations and appetite for growth and we are delighted to strengthen our relationship with the bank. The new funding and consolidation of our finances under one umbrella will enable us to realise our ambitions.”

John Anderson, Barclays relationship director, said: “Having a focused industry specialism enables us to understand the current social and economic headwinds experienced by operators.”

He added that the deal demonstrated Barclays’ understanding of and commitment to the health care sector.

Hill Care Group plans to use the funding to build and buy new homes. The operator was formed in 2001 and now has 19 homes in the north of England looking after 1,000 residents.

Tags : Care Home FinanceNursing

The author Lee Peart

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