Westbury is delighted to have advised a leading regional elderly care provider on the acquisition of its seventh care facility, located on the outskirts of Ware, Hertfordshire.
Established in 1998, the business has steadily expanded its portfolio of purpose-built care facilities across the Southeast over the past 15 years. Its growth strategy has focused on enhancing capacity and improving quality by reconfiguring existing homes to create larger en-suite bedrooms with wet-room facilities, as well as modern, communal spaces.
To fund the acquisition, Westbury structured a £6.5m acquisition facility alongside a £2.5m development tranche. The funding package will enable the business to:
- Acquire the new facility.
- Undertake an airspace development scheme and side extension.
- Add additional bedrooms, increasing the home’s total capacity to 72 beds.
- Deliver wet-room facilities and large communal areas, futureproofing the home against evolving legislative and regulatory requirements.
Westbury advised the client throughout the capital raising process, structuring a funding package secured against the client’s existing portfolio. Raising the development tranche to support the extension and reconfiguration works, creating a clear exit strategy for the incumbent lender.
This transaction not only strengthens the client’s portfolio but also demonstrates their continued commitment to delivering high-quality residential care. With enhanced facilities and capacity, the business is well-positioned to meet the growing demand for modern and compliant elderly care facilities across the region.
