RBS funds Surrey care home acquisition


Zion Care Group has completed the acquisition of Glen Arun care home in Horsham, Surrey in a deal funded by the Royal Bank of Scotland.

Glen Arun, which has 35 single rooms and 10 en suites, provides nursing and residential care.

A spokesperson for Zion Care Group said: “Glen Arun will continue to operate as usual with minimal changes as we plan to maintain management of the home under its existing manager Mark Moyo.

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“We are delighted to share our extensive experience with the team at Glen Arun and are looking forward to working together. The support from the Royal Bank of Scotland has been superb – Kenny Nelson has gone the extra mile to secure the finance and support our ongoing expansion.”

Kenny Nelson, Relationship Director, Healthcare at the Royal Bank of Scotland, said: “We have worked with Zion Care Group for a significant period and I am very pleased to once again support their growth plans through this latest acquisition. Tim has an excellent track record of success operating care homes and Glen Arun is a great addition to the Zion Care Group.”

The home’s facilities include 24-hour nurses, carers, daily freshly cooked meals and the provision of a variety of daily activities. Services include day care, respite care, convalescent care and a GP as required.

Zion Care Group is based in Gerrards Cross, Buckinghamshire and operates a number of care homes across the UK. The addition of Glen Arun forms part of the company’s expansion strategy which it started in 2005 and has since seen further acquisitions in York and Stafford.

Tags : AcquisitionFinanceRBS

The author Lee Peart

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