Monday January 17th, 2022 -
Providing fast, flexible finance to a family-owned care operator at the heart of communities across Yorkshire
The Challenge
Over the past 50 years, Springfield Healthcare has grown substantially and now operates six care homes in popular Yorkshire towns and cities offering high quality residential, nursing and dementia care. With the number of people living with dementia projected to rise from 850,000 to 1.6 million by 2040, the business was looking for a funding partner which could support its strong growth ambitions.
Opportunity & Outcomes
We were the ideal funding partner, providing Springfield Healthcare with a £7.5M structured facility to fund its new care village in Beverley which provides specialist dementia care and working age adult services.
“providing excellent care facilities is only going to become more vital and thanks to the support from OakNorth Bank, we’re now able to expand our portfolio of care homes ahead of schedule and therefore increase the amount of much needed care facilities in the local area.”