Entrepreneurs expand care home portfolio after funding deal

Care home entrepreneurs have invested more than £2m to expand their property portfolio.

Backed by a funding deal from Barclays, brothers Ben and Menahem Pereplotchik have invested £2.1m to acquire two new homes – Roughcote Hall Farm Care Home in Stoke-on-Trent and the Mereside Care Home, based in Solihull.

Both are specialist care homes for adults with learning disabilities.

The brothers said the deal would see the retention of local jobs and offer peace of mind for the existing residents and their families.

Ben Pereplotchik, company director, said: “We specialise in providing high quality residential care to adults with special needs and a range of learning difficulties.

“Demand for quality services with dedicated specialist care is set to increase across the region and placements are already limited at the moment so our investment is vital to help meet Stoke-on-Trent and Staffordshire’s projected care needs.

“The investment is set to continue with plans to develop additional care units at Roughcote Hall Farm in the form of either residential or supported living units on this 3.5-acre farmland.”

Steve Sargeant, Barclays Relationship Director, said: “Barclays is committed to using our industry expertise within the healthcare sector to support such propositions, which are vital to a prosperous economy.

“By really understanding the care sector, (we) have been able to provide debt finance to support the business. Ben and Menahem have a real passion for quality care and an extensive property portfolio across the globe.”