Leicestershire-based care home provider, Rotherwood Group, has acquired its seventh care home, which is based in Herefordshire, using a seven-figure funding package from HSBC UK.
The care home will undergo extensive refurbishment to incorporate state-of-the-art surroundings for around 60 older people in the local community. The acquisition will also boost recruitment in the area, creating up to 50 new jobs.
Rotherwood has plans to grow to 10 care homes in the next three years as the company work towards improving the standard of healthcare in care homes across the Midlands region.
John Fennell, CEO of Rotherwood Group, said: “We are pleased to be taking Kington Court into the group. This is our seventh care home and part of our longer-term commitment to broadening our impact enriching the lives of the older generation.
“We have exciting plans to enhance the lives of people living and working at Kington Court and hope that everyone feels settled during the ownership transition. The package from HSBC UK has been invaluable in allowing us to expand our healthcare service in the region and deliver our 10-year growth target.”
Richard Parker, relationship director at HSBC UK, said: “We’re delighted to have been able to support the Rotherwood Group in acquiring this new care home. The business has a clear commitment to excellence in eldercare and supporting local communities through healthcare and job creation. We look forward to working with the Group to support it’s plans to open more homes in the region.”