Tony Banks, who founded Balhousie Care Group 25 years ago, said “The refinance of the Group’s borrowings and new finance for planned acquisitions totaling £49m, provides us with much greater financial stability and gives us the opportunity to really look at our business and invest in key areas of development and improvement including environments and people.
“Our focus is on the care we deliver and our people – those in our care and the staff we employ across our 25 care homes. This was our ethos 25 years ago and it remains the same to this day. Now we are reinvigorated, with expansion plans and renewed ambitions to scale new heights in the care we provide.”
The refinance was advised by Hampshire based Premier Commercial Finance Ltd, specialists in the corporate healthcare sector for 27 years.
“I am delighted with our new banking partners. Our aim was to find support for a well planned expansion and Premier Commercial Finance Ltd was able to guide us through what was a complex process. We wanted people with experience in corporate healthcare transactions such as this and that has certainly paid off for us.
“Since we set up our first care home 25 years ago, there has never been a limit to our ambitions for the organisation or the people within it. Now we are in a position to take care to another level; that includes care for our staff, and care for our residents.
“Our belief is that age in later years is an asset because it brings with it priceless lived experience. We want to invest in a culture and environment across all our homes that encourage our residents to build new ambitions and new relationships. We are now better equipped than ever to do that.”
A spokesperson for Premier Commercial Finance Ltd, said
“Huge congratulations to Balhousie Care Group on the successful refinance of the Group’s borrowings. We are delighted to have been involved in the opening of a new chapter for this dynamic group and wish Tony, the Executives and Staff, the greatest of success for the future.