Meallmore, one of Scotland’s largest independent care home operators, is to expand its portfolio following a £41m cash injection backing from HSBC UK.
The Inverness-based care provider will use the funding to purchase two new sites for future developments.
The HSBC investment will also contribute to the refurbishment of some of Meallmore's existing homes, and will help to complete the construction of its new homes in Dumbarton and Aberdeen.
Over the next two years, the family-run business plans to open care homes in Ayr, Falkirk and Dumbarton, with construction in Aberdeen due to start mid-2021.
Meallmore operates 25 care homes across all regions of Scotland. The company specialises in dementia care, nursing care, specialist adult care and respite and short stay care.
“The care home sector has had a challenging year, and reflecting on the past few months has only solidified our belief that more investment is needed to make sure that care homes are delivering for the needs of residents,” said Meallmore operations director Mary Preston.
“We work hard to deliver care that is individually tailored to residents’ needs, while allowing them to be as independent as they wish – and thanks to this backing from HSBC UK, we’re able to build upon and improve our offering,” she added.
HSBC UK relationship director Neal Tully said: “Meallmore delivers an important service to so many across the country and we’re proud to be able to help them with their plans to offer residents high quality care."
