Care home group BN Care has purchased its fifth care home after securing a joint finance package from HSBC UK and BGF.
BN Care used the £4m package to acquire Barton Place Nursing Home in Exeter, which specialises in care for higher needs residents such as those living with dementia.
The group currently operates four other care homes – Hay House and The Dales in Exeter, St Vincent’s in Sussex, and Bymead House in Dorset – and plans to build a group of at least 10 homes in the future.
Wade Newmark, owner of BN Care, said: “The new home is an important addition to our long-term goal of building a group that provides high-quality care to higher needs residents.
“Along with our sister home at Hay House, this makes us a leading provider in the area for dementia and special individual needs. We are committed to the South West region and have already begun discussions to acquire a sixth site.”
HSBC UK area director James Shepherd commented: “There is huge demand for care homes in the area, particularly those that cater for higher needs residents, so it’s great to be able to fund another one of BN Care’s sites and help the business grow further in the South West.”
