Renal Health has completed the acquisition of Century Healthcare, supported by an eight-figure funding package led by Montane Finance.
Renal Health has acquired Century Healthcare as part of its continued acquisition and growth strategy. Lytham St Anne’s-based Century Healthcare Ltd will continue to operate and deliver first class nursing care and residential support across eight sites in the North West. Established in 1998, Century Healthcare is one of the leading providers of care for older people in the region, offering residential, nursing, specialist dementia care units with respite and short stay. Headquartered in Newcastle, Renal Health is an experienced healthcare provider, owning and operating care homes in the North East of England. It provides specialist care including Chase Park Neuro Centre, in Wickham, which is a long-established neuro-rehabilitation and specialist nursing centre that is spread across two buildings on a campus setting.
Montane Finance heralds the purchase of Century Healthcare by the brothers behind Renal Health Ltd, citing it as a ‘benchmark acquisition‘. Montane Finance facilitated the purchase by helping Renal Health to access funding by carefully planning and identifying opportunities through their financial connections and network. While it represents an excellent financial deal for the team, Renal’s acquisition of Century also ensures the continuation of care and residential support for the current residents that it has become both well-known and well-respected for over the last 20 years of operation. The eight Century homes will continue to deliver the high level of care that they are known for while at the same time, incorporating the Brahmabhatt brothers‘ extensive medical knowledge and experience to deliver improvements to the service where possible.
Working with Renal Health, Montane Finance has been able to leverage its relationships with lenders and its experience in the healthcare sector to help bring the deal over the line. The team at Montane were particularly impressed with the family team behind Renal Health and were delighted to help facilitate the financial relationships that both secured funding and helped Renal Health to continue their roadmap of acquisition and expansion.
Scott Murcott, Director of Montane Finance, said, “‘It has been a pleasure partnering with the team at Renal. Nikhil and Niraj are quality operators who hold a unique blend of talent, commitment, and passion in everything they do. I am thrilled to have been able to support the Group with this benchmark acquisition, securing the future growth and expansion of the business. This is a signature transaction for both Renal Health and Montane Finance. With an already impressive reputation and quality of care in place, I am positive that the group will now continue to successfully grow and expand into this next exciting chapter of the business.”
Nikhil Brahmabhatt, Director of Renal Health said, “We have been fortunate to work with Scott on a number of transactions and have always been impressed by his dedication and ability to devise bespoke and innovative financing solutions. Scott and his colleagues benefit from a wealth of contacts in the healthcare sector and are able to provide us with a market leading service that adds considerable value beyond merely arranging finance. “