Leading alternative lender, ThinCats, has provided a £3.3m refinancing package to Manchester-based care home operator, We Care Group.
We Care Group acquired its first care home in 2007 and has built a group of 15 homes to date, providing 730 beds across the North and North West of England and employing more than 650 staff. The homes provide a range of care needs for both long term and respite periods, including nursing, residential, palliative, end of life, dementia, bariatrics and young mental health care.
Wes Hodelin at Midlands Asset Finance (MAF) Healthcare, specialist healthcare broker, introduced the team at We Care Group to ThinCats to arrange the funding package.
Bernie Suresparan, Founder, We Care Group: “We are passionate about providing exemplary standards of care to our residents, and this funding is critical in enabling us to continue with our ambitious improvement plans. We were very impressed with the way that ThinCats and Midlands Asset Finance understood our position and aims, and ultimately arranged the funding around our needs.”
Wes Hodelin, Director of Healthcare Finance, MAF Healthcare, added: “Bernie’s knowledge as an experienced operator and Richard’s knowledge as an experienced healthcare financier made the whole process smooth and efficient. Their passion for a sector that supports our most vulnerable is palpable and working with them has been an absolute pleasure.”
Richard Henshaw, Director, National Development Healthcare, ThinCats, commented: “Bernie knows the care home industry inside out, and is surrounded by an extremely impressive team of experienced staff. It is a pleasure to support the business with this funding, and to be able to watch them continue to develop and improve the homes under their umbrella.”