Lender unveils new healthcare fund

ThinCats has created a new healthcare fund which will provide lending options to residential, nursing and dementia care homes.

The Ashby-based company has also appointed a new director to oversee the fund.

Richard Henshaw, whose official title will be director, national development, will focus on lending opportunities across the healthcare sector.

He brings more than twenty years of experience across financial services and healthcare to ThinCats, having spent 13 years with RBS and AIB and eight with healthcare brokers Chandler & Co. He also owned a care home for six years.

Henshaw will work closely with head of sales Mike Hackett and regional business development director Kevin Steven.

He said: “This is a fantastic opportunity for a sector of the economy that desperately needs funding options. As someone with experience from both sides, I’m keen to support good operators in the sector who are looking to grow, but are being badly let down by traditional funding options.

“It’s great to be working with some familiar faces and I’m looking forward to working alongside Kevin to build out the healthcare portfolio.”

Hackett added: “You would struggle to find anyone with as much knowledge and experience of the sector as Richard. Social care is an important public policy and providing finance to care homes and other areas of the healthcare sector is a key focus for the years ahead.”