New funding deal will spur care group expansion
Healthcare provider National Care Group is set to add 200 beds to its UK-wide portfolio after securing a new finance deal.
NCG provides care and support services to vulnerable adults throughout the UK offering supported living, residential care, outreach and home support and day services. It supports more than 1,200 people in around 230 locations across the UK
The organisation specialises in supporting adults who may experience learning disabilities, mental health needs, challenging behaviour, autistic spectrum conditions, neuro-disabilities, acquired brain injuries, physical disabilities and other associated complex health needs.
Since its inception NCG has enjoyed significant growth and completed four acquisitions to date all supported by Allied Irish Bank (GB). Now the Accrington firm has agreed a new funding package with which will enable continued organic expansion and further targeted acquisitions.
David Rowe-Bewick, group finance director at NCG, said: “The refinance package provided by Simon King and the team at Allied Irish Bank (GB) provides a strong platform from which we can confidently drive growth in new and existing locations."
The refinance package provides a strong platform from which we can confidently drive growth in new and existing locations.
Simon King, senior relationship manager at Allied Irish Bank (GB), said: “NCG has enjoyed fast growth since its establishment and we are delighted to remain as the sole debt funder to the business. They have built up an excellent reputation for delivering care in the supported living sector and have a highly specialist and experienced team."