Care group grows portfolio with latest acquisition
A North Yorkshire-based company is defying the gloom surrounding the care home market with plans to invest in its latest acquisition.
St Cecilia’s Care Services in Scarborough has snapped up the 44-bed Queen Margaret’s Nursing Home in the town and plans to invest in its future.
The family-owned company already owns the St Cecilia’s care home and the Eastfield House day care centre in Scarborough.
Owner Mike Padgham said: “We are absolutely delighted to welcome the former Queen Margaret’s Nursing Home into the St Cecilia’s family and really excited about its future.
“It has lovely residents, excellent management and staff and is a very prominent, landmark building in Scarborough.”
He added: “The news on care homes is currently gloomy but we believe that demand for nursing home care remains strong. People are living longer and their care needs are growing and becoming more complex.
“This addition to our company helps us to grow, enjoy the benefits of economies of scale and strengthen our operation for the future.”
The purchase was completed with the support of NatWest senior relationship manager Phillipa Bagshaw, who specialises in supporting businesses within the healthcare sector.
She said: “St Cecilia’s has been providing much-needed care to a range of service users and the addition of the 44-bed nursing home will allow them to support even more people. We are delighted to support St Cecilia’s on this development and wish the business every success for the future.”
