Wed, 10 Aug 2022 | BUSINESS SALE
Churchlake Care, a national provider of residential and nursing homes, is continuing its acquisitive expansion after securing a £16 million funding package. The new funding has been received from alternative lender ThinCats, which initially backed the group in 2020.
In 2020, ThinCats provided Churchlake with £4 million in funding, which enabled the group to acquire six homes in the North West and South East of England. With the latest funding package, the group has acquired two North East-based firms, Crystal Care and Exclusive Care, delivering six purpose-built homes.
Headed by chief executive Alan Jebson and chairman Fred Sinclair-Brown, Churchlake Care was established in 2017 and operates homes across the UK. The company’s acquisitive growth plan sees it strategically target UK residential and care homes, which it then builds into regional clusters.
Churchlake CEO Alan Jebson commented: "ThinCats has been extremely supportive of our business since the initial funding in 2020 and continue to back our growth ambitions. With this latest funding, they have delivered again. Richard and Mark are experts in the sector and demonstrated their deep understanding of our business. We look forward to continue working with them."
Richard Henshaw, Director of ThinCats, added: "I am delighted to have the opportunity to support the growth of Churchlake Care Group and we are very pleased that we were able to facilitate these latest acquisitions despite unprecedented market conditions."
The company’s latest funding comes at a time of consolidation in the UK’s fragmented residential and nursing home market in the wake of the significant upheaval caused to the sector during the COVID-19 pandemic.
Find businesses for sale here.
If you are looking for an exit, we can help!.
Respected and in demand nursing facility registered for 30 single bedrooms and 2 en-suite. With potential to extend by a further 16 en-suite bedrooms STPP.
Reputable group of four care/nursing facilities located in the South Coast. The group accommodates approximately 130, includes 126 single beds and 110 en-suite.
Considerable well rated group of three care facilities. benefits from high occupancy with over 45 registered beds.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.