Seven-figure refinancing funds care group’s latest acquisition

A care home provider has concluded a seven-figure refinancing deal to support its growth, and the acquisition of a Salford property.

Oldham-based Wood Care Group received the financial fillip from Peak District-based specialist independent brokerage, Montane Finance.

It has led to the addition of The Fountains Care Centre in Swinton, Salford, to the care group’s portfolio of homes.

Wood Care Group is a family business run by Andrew, Tom and Jenny Wood who have more than 30 years’ experience in the care home sector. With a focus on people-centred care, the group’s team aims to help residents retain independence and a high quality of life.

This latest funding means the group now operates five care homes offering 24-hour residential, nursing and dementia care.

The homes are Longwood Lodge Care Home in Oldham, Broom Lane Care Home in Rotherham, The Cedars Care Home in Doncaster, Riverside Care Home in Barnsley and The Fountains Care Centre in Salford.

Scott Murcott, Montane Group MD, said: “We are thrilled to have been able to support such a passionate, hardworking, and talented business as Wood Care Group with the successful refinance of their care group.

“Andrew and the team hold a unique blend of compassion, humility, and dedication in all that they do. Having successfully navigated the pitfalls of COVID, the group stand in a great position to continue to push forward through this next phase of growth and expansion.”

He added: “This is another key marker for the Montane Group, highlighting our key vision of being the debt advisor of choice for acquisitive and ambitious operators within the care sector.”