Fri, 16 May 2025 | COMMERCIAL PROPERTY
Abergavenny-based care group Oxford Care Group has acquired its seventh facility across England and Wales in a deal supported by the Development Bank of Wales. The group has acquired Bankhouse Care Home in Beaufort, Ebbw Vale, which provides residential, nursing and dementia care for 54 patients.
Following a period on the market, the site has now been acquired by Oxford Care Group in a deal supported by a £2.97 million loan from the Development Bank of Wales’ Wales Flexible Investment Fund, which provides loans, mezzanine finance and equity investment for transactions between £25,000 and £10 million.
The deal represents the third time that Oxford Care Group, which is owned by BP Khanal and Rama Khanal Guragain, has been supported by the Development Bank of Wales. The bank previously provided funding for its acquisitions of Scott House Care Home in Swansea, and Cefn Lodge Nursing Home in Neath.
Commenting on the acquisition, BP Khanal and Rama Khanal Guragain said: “The investment we had from the Development Bank has allowed us to safeguard the future of this home.”
“Without the Development Bank’s support, there is a real risk that Bankhouse Care Home could have been permanently closed – not just resulting in the need for current residents to be moved elsewhere and the loss of about 90 members of staff, but also impacting on suppliers and traders locally.”
Gavin Reid, Senior Portfolio Executive at the Development Bank, commented: “Care homes such as Bankhouse provide a vital, much-needed service in communities across Wales. We’re therefore very pleased to have supported the Oxford Care Group with the purchase of Bankhouse Care Home, safeguarding care and jobs in the local community.”
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