Website of The Care Home Environment Magazine

Avatara secures funding to reboot Dorset care home

Dorset care provider Avatara has secured a £1.5m refinance and acquisition funding package to reopen a care home near Dorchester.

The company used the funding from alternative lender ThinCats to acquire a previously closed home in Winterbourne Steepleton, which will be re-opened as Casterbridge Lodge.

The new care home, which will provide 34 rooms, will have a similar ethos to Avatara’s Casterbridge Manor property (pictured) in Cerne Abbas.

Casterbridge Manor is a 62-bed purpose built care home acquired by Avatara in 2016. 

"Casterbridge Manor is a very well-loved care home by our residents, their families, and our staff, and we are looking forward to launching Casterbridge Lodge, enabling us to offer the same amazing level of care and attention to even more residents,” said Avatara director Chetan Borkhatria, who co-owns Avatara with wife Suri Kalyan.

"Chandler & Co has done a great job in recommending ThinCats, and we are delighted that the funding has been finalised,” he added.

Chandler & Co. senior broker Sean Hurden said: “Chetan and Suri have a reputation for turning around failing or distressed homes and Casterbridge Lodge will complement their existing home extremely well.”

Upcoming Events

Future of Care Conference

The King’s Fund, Cavendish Square, Marylebone, London W1G 0AN
22nd June 2021

Care Roadshow- Liverpool

Liverpool, Aintree Racecourse
13th July 2021

Care Roadshow - Glasgow

Glasgow, Hampden Park Stadium
9th September 2021

Care Roadshow- London

London, Epsom Downs Racecourse
19th October 2021

Care Roadshow - Cardiff

Cardiff, Cardiff City Stadium
9th November 2021

Upcoming Events

Future of Care Conference

The King’s Fund, Cavendish Square, Marylebone, London W1G 0AN
22nd June 2021

Care Roadshow- Liverpool

Liverpool, Aintree Racecourse
13th July 2021

Care Roadshow - Glasgow

Glasgow, Hampden Park Stadium
9th September 2021

Care Roadshow- London

London, Epsom Downs Racecourse
19th October 2021

Care Roadshow - Cardiff

Cardiff, Cardiff City Stadium
9th November 2021

Step Communications Ltd, Step House, North Farm Road, Tunbridge Wells, Kent TN2 3DR
Tel: 01892 779999 Fax: 01892 616177
www.step-communications.com
© 09/05/2021 17:23:48 Step Communications Ltd. Registered in England. Registration Number 3893025