Bank-backed refinance deal opens door to growth for healthcare group
An Accrington healthcare provider is to embark on an expansion strategy after completing a refinance deal with Allied Irish Bank (GB).
The undisclosed sum will support National Care Group’s (NCG) continued growth strategy through both organic expansion and targeted acquisitions as the company looks to increase its geographical presence across the UK.
NCG is an established provider of care and support services to vulnerable adults throughout the UK, offering high quality, person-centred care through supported living, residential care, outreach and home support and day services.
Established in March 2016, NCG works closely with clients, family members, local authorities and healthcare professionals.
The team specialise 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).
Today, NCG supports in excess of 1,200 people in more than 230 locations across the UK and with the bank’s continued support is well placed to target future acquisitions and growth.
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.
“As we move forward into 2019, we have a target to achieve 200 additional beds and the refinance facility will help support our growth aspirations.”
Simon King, senior relationship manager at Allied Irish Bank (GB), said: “NCG have 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. We look forward to continuing our support of NCG and helping them to achieve their target of growing their
number of beds and extend their facilities and services into new areas across the UK.”
