Healthcare
OakNorth Bank provides bespoke loan to Lovett Care to support future growth
Founded in 2009, the past three years have seen the group grow from two to nine homes, with further growth plans in the pipeline; Priding themselves on creating a ‘home from home’ for residents, Lovett Care’s current portfolio consists of over 500 beds in total; offering residential, nursing and dementia care; The capital from OakNorth […]
Healthcare
OakNorth Bank provides £6m loan to returning customer and leading care home provider in Jersey, LV Care Group, to support future growth
LV Care Group is a locally owned, locally run and locally focused care group providing premium services in Jersey; Founded in 2011 by Nick Bettany and Chris Shelton, the group offers premium services including home care, dementia care, mental health and wellbeing care, as well as nursing and residential accommodation; The capital from OakNorth will […]
Healthcare
OakNorth Bank provides a £4.2M loan to My Choice Healthcare to acquire two family-run care homes in Swansea
The borrower is a subsidiary of the My Choice Healthcare Group, which also includes existing OakNorth customer, Moorlands Healthcare; The Group’s management team has a combined 30+ years of experience working in the health and social care industry and running care homes; The capital from OakNorth Bank will be used to refinance existing debt and […]
Healthcare
OakNorth Bank completes £760k loan to Nightingale Healthcare Group to support the acquisition of a domiciliary care business
Since 2006, the domiciliary care business has provided care-at-home with a focus on the local BAME (Black, Asian and Minority ethnic) community, in particular Hindus, Sikhs and Muslims; Care is delivered by staff who can speak the same languages and cook appropriate meals whilst understanding sensitive cultural and religious requirements and needs; The acquirer, Nightingale […]
Healthcare
OakNorth Bank completes £40M loan to a social impact investment group that are offering innovative solutions to tackle the social housing and care crisis
The loan is to Grosvenor Hill, a newly formed social impact group led by the team behind Mountain Capital & MLX Capital, who have a long-standing track record of delivering high-quality real estate projects across the UK; Grosvenor Hill are a real estate and investment group that uniquely designs and develops projects in partnership with […]
Healthcare
OakNorth Bank completes £531K loan to Sincere Homes for new supported living development in the West Midlands
The capital will fund the development of a four-bedroomed supported living home in Willenhall, part of the Metropolitan Borough of Walsall; Sincere Homes is a partner with the Midway Care Group, which was founded in 2006 by Matthew Harrison and provides services for people with learning disabilities; Having now developed 15 schemes for Midway Care […]