Barclays funds Lincolnshire care home acquisition

Two Lincolnshire care providers have secured Barclays funding for the purchase of a new care home.

Carlton Lodge Care Home in North Carlton was acquired by Wispington House Limited and M&M Care Limited, which are owned by Kempbridge Care.

Managing director Brij Patel, said: “We are very excited to be expanding our brand of exceptional, holistic care, catering to all our residents’ needs.

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“Our priority is improving the quality of life for those who choose to reside with us, maintaining their privacy, dignity and ability to manage their own lives. This new acquisition will enable us to support more families with the care of their loved ones and it’s fantastic that Barclays has been able to support us on our growth journey.

“We are at completion stage of the renovation programme which includes modern technology to enhance our resident experience. We already feel part of the North Carlton community who have been very welcoming to us. ”

Established in 2012, Kempbridge Care provides care to over 50 residents and has recently progressed plans to refurbish the previously closed care facility Cheyne House nursing home in North Carlton. Between its two current homes, Kempbridge employs over 70 staff across Lincolnshire and this will increase as soon as the refurbishment is completed.

Operations manager Elizabeth Harding said: “We are looking forward to providing pre-bookable respite in our new home, to enable carers to plan their much needed and deserved breaks. We will also be providing day care and permanent residential care.”

Simon Jenkin, Barclays relationship director, added: “We are delighted to work with Brij and his team and provide a full banking package. This deal demonstrates Barclays understanding of the sector and commitment to healthcare businesses. Having a focused industry specialism enables us to understand the current social and economic headwinds experienced by operators.