ThinCats provides funding for West Midlands care home acquisition

St Anthony’s Care Home (002)

Leading alternative finance provider to mid-sized SMEs, ThinCats, has provided healthcare operator, Pegasus Care, with £4.4m to acquire a West Midlands care home.

The funding will be used for St Anthony’s Residential Home in Erdington after Pegasus Care was introduced to ThinCats by Derbyshire based financial services broker, MAF Finance Group.

Mark Busra, Pegasus Care, said: “We believe the key to delivering outstanding care is down to the skills, qualities and attitudes of our staff, and the team at Pegasus are second to none.  This acquisition will allow us to expand our care services further and offer our specialist care to even more people. We are extremely keen to get started and are very happy that the funding package has been delivered so successfully by MAF and ThinCats.”

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Wes Hodelin, Director of Healthcare, MAF Finance Group, added: “It has been a pleasure to work with Mark and his team at Pegasus Care; an innovative, fast growing, and acquisitive care business. Our debt advisory expertise in the healthcare mid-market aligns well to businesses of this nature, where complex capital structures are often required to support growth and diversification. This transaction demonstrates the strength of our partnership with Richard and his team at ThinCats, whose in-depth sector knowledge and entrepreneurial approach were instrumental in the success of this deal.”

Richard Henshaw, Director National Development Healthcare, ThinCats, commented: “The partnership that we have with MAF Healthcare continues to grow stronger and it is always a pleasure to work alongside them to support a client.  We are delighted to have been introduced to Mark and the team at Pegasus, they offer a fantastic range of services and I have no doubt that this acquisition will enhance their portfolio very successfully.”

Tags : AcquisitionFinance

The author Lee Peart

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