Outstanding operator Hampton Healthcare Group has bought Midland Care Home, formerly Dale House, in Wellingborough, Northamptonshire.
The purchase of the 66-bed purpose-built care home was supported by Clydesdale and Yorkshire Bank.
Tej Sehmi, Operations Manager at Hampton Healthcare Group, said: “Midland Care Home is an impressive facility and we are thrilled to be expanding our portfolio. As an Outstanding CQC operator, it’s vital that we breathe new life into the care home and ensure our residents are receiving the best care. We will be making a significant investment into Midland Care Home and hiring new staff in the near future.”
Hampton Healthcare’s Burlington Court was rated Outstanding by the CQC in April 2017.
Tej added: “It was a pleasure to work with the team at Clydesdale and Yorkshire Bank on this deal – they have worked in this sector for many years and have a great understanding of the challenges and opportunities for a business like ours.”
Richard Hornsey, Director – Health and Social Care, at Clydesdale and Yorkshire Banks, said: “The healthcare sector is one of our core markets and it’s great to work with Hampton Healthcare Group as they expand and grow their business. The team has a proven track record when it comes to owning excellent care facilities and Midland Care Home is no different. The team is bringing much needed beds back into operation and is creating employment in the local area, which can only be good news for the community.”
Clydesdale and Yorkshire Bank also worked closely with Paul Bagnall, from Axis Commercial Finance, to arrange a suitable package of facilities to support the acquisition of the care home.