Northants healthcare firm lands seven-figure bank deal

Northampton-based healthcare operator Avery Healthcare says it is is focused on growth after securing a seven figure refinance package from the Royal Bank of Scotland.

The company is using the seven figure funding package secured from the bank to support its continued growth as it seeks new opportunities to expand with potential new build sites across the UK. The bank has also funded the completion of its recent extension plans at Seagrave House in Corby.

John Strowbridge, managing director at Avery Healthcare said: “The refinancing deal will assist the future growth of Avery Healthcare and provide liquidity to support our expansion plans. It means we are well placed to identify potential new sites so that we can expand our care home offering across the UK. The banking team led by Ian Paramore have been very helpful and structured a competitive solution to meet our needs.”

Ian Paramore, relationship director, Royal Bank of Scotland said: “We have supported Avery Healthcare since the start with regards to Seagrave House from when the new build was originally constructed five years ago. We are therefore delighted to continue our relationship with the team and support the extension of the home. The refinance package in place also provides a platform from which to grow the group even further and take advantage of any new development opportunities that may arise.”