Care home provider expands with acquisition

A care home provider has bought a further home with financial support from Barclays.

Nottingham-based business RKP Investments has purchased the Red Oak Care Community Home in Mansfield. The purpose-built home offers nursing care for 40 residents.

Established in 2015, the business has two others homes in Newark and Chesterfield.

Naval Khosla, director of RKP Investments, said: “We are delighted to acquire Red Oak Care Community Home in Mansfield. It is our intention to improve the environment for both residents and staff to provide a first class facility.”

Kam Sangha, relationship director at Barclays, said: “Naval and his team have a wealth of experience in the home care sector and I am delighted we have been able to support them with this latest acquisition.”