Charity acquires three Staffordshire care homes with seven-figure funding boost

Three Staffordshire care homes have been acquired by Swansea-based charity Healthcare Management Trust (HMT), with funding from a seven-figure package provided by HSBC UK.

Part of St Quentin’s Care Homes, the homes include St Quentin’s, The Hawthorns, and Langley House, all in Newcastle-under-Lyme.

The care facilities will now become part of HMT’s portfolio, which includes three other care homes and two private hospitals.

The deal is projected to boost the charity’s revenue by 18%.

Dr Nichola Stefanou, chief executive officer at Healthcare Management Trust, said: “This acquisition represents a wonderful opportunity to integrate St Quentin Care Homes into the HMT fold. We are committed to maintaining the high standards of care that St Quentin is known for, while also encouraging further innovation and resourcing to enhance the wellbeing of the people in our home. HSBC UK’s support in the acquisition process has been invaluable in delivering this deal, significantly contributing to our future growth across the UK.”

Alex Brown, relationship director at HSBC UK, said: “Healthcare Management Trust has had a five-year relationship with HSBC UK, and we’re proud to support the business in the next chapter of its growth story.”