Care home group expands after securing £10.2m funding deal

A West Midland care home group has expanded its operation with the acquisition of a new property – and refinanced its current portfolio – all as part of a £10.2m funding deal.

Capital Care Group used the funding to acquire the 47-bed Anville Court care home in Wolverhampton. It is the third acquisition completed by the group in the last year.

A former BUPA home, Anville Court joins a portfolio that includes care homes in Stoke-on-Trent, Macclesfield, Shropshire and Worcestershire.

The group provides a wide range of specialist care and support services for adults and older people with a wide range of needs including EMI (Elderly Mentally Infirm) care, nursing care, residential care, respite care and dementia care.

Capital Care Group was backed by Metro Bank in a deal that was part-advised in the region. It is the second acquisition backed by the bank.

Providing legal advice to Capital Care Group was Harrison Clark Rickerbys, which field a team led by finance expert Tim Littler and healthcare specialist Charlotte Thornton-Smith.

Anville Court is the third acquisition the law firm has managed for the group in the last year.