£5.2m funding from Shawbrook helped to secure the acquisition of Queens Lodge Care Home as well as the refinancing of an existing bridging facility and purchase of freehold at its Longlands Care Home site
Specialist SME lender, Shawbrook Bank, has announced it has successfully provided a £5.2m funding package to enable an ambitious care home group to expand its operations.
Constantia Healthcare Group Ltd, which owns two successful facilities – Longlands Care Home and Roseleigh Care Home in Middlesbrough – has added a third to its portfolio.
The acquisition of Queens Lodge Care Home in Blackburn, Lancashire, will see the Group significantly expand its operations and care facilities.
Claire Perman, Shawbrook’s Associate Director for its Healthcare Finance Division, comments: “The residents of Queens Lodge have experienced the highest levels of care and compassion over the years under the stewardship of the previous owners. Having worked closely with Constantia’s management on their acquisition, the residents of Queens Lodge are in the safest of hands and can expect continued high-quality care delivered in a homely and professional environment.”