A care home group that serves the North West and Staffordshire plans to buy two more properties after securing a £20m funding package from Barclays Ƶ Corporate Bank.
Careconcepts Ltd, based in Congleton, will have five care homes across Wythenshawe, Ellesmere Port, Widnes, and Stoke-on-Trent, in total offering 271 care beds. Its most recent purchase was Vale Court Care Home in Ellesmere Port.
Steve Fergus, head of healthcare at Barclays Ƶ Corporate Bank, said: “We’re proud to support Careconcepts as they invest in expanding their high-quality care services across the North West. This package of financing demonstrates our commitment to back organisations that deliver for local communities and reflects our ongoing focus on helping businesses build confidence to grow.”
Carl Scarlett, Lynne Scarlett and Lee Stringfellow, company directors at Careconcepts Limited, said: “We’re delighted to have completed the purchase of Vale Court Care Home, a significant milestone in our growth journey.
“This wouldn’t have been possible without a £20m loan from Barclays to refinance our group. Their understanding of our vision and commitment to the care sector has been instrumental in helping us expand and provide high-quality care to more communities. We are incredibly grateful to the whole team for their unwavering help, support and guidance."
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