News
Brendoncare residents transfer to Greensleeves Care home in Tooting
Residents and staff at Brendoncare’s Ronald Gibson House in Tooting, South West London, will be transferring to a brand-new home next door.
Set on land that is being redeveloped to
expand Springfield Hospital, Brendoncare’s Ronald Gibson House is to be redeveloped. Given Brendoncare’s strategic plan to move out of the London to focus its services closer to its head office in Winchester, the decision was made to transfer all Ronald Gibson House staff and residents to a new care home, The Meadowcroft, set to be delivered this autumn by not-for-profit Greensleeves Care. Both organisations are committed to
working together to make the transition as seamless as possible.
Marianne Wanstall, Brendoncare
chief executive, said: “Our colleagues at Brendoncare Ronald Gibson House are a fantastic team and their support of residents
and their families has always been excellent. The new home will allow the team to continue to provide the same high standard of care in a modern and state-of-the-art home. “Ensuring a smooth transition is our priority. We are delighted to be working together with like-minded care charity Greensleeves Care to support residents, relatives & colleagues as they move to The Meadowcroft.” Greensleeves Care chief executive Paul Newman added: “We are looking forward to welcoming colleagues and residents from Ronald Gibson House to our Greensleeves Care family. The Meadowcroft will allow for the continuation of excellent care in a setting with modern facilities.
“Supporting residents and colleagues during the transition is our number one priority, and we are proud to be working together with Brendoncare to ensure the best possible outcome.”
Simply UK ramps up care home investment
by launching Portland Care Group Real estate developer and investment company Simply UK has launched its new Portland Care Group with a multi-million pound acquisition of six care homes. In the last two years, Simply UK has
invested £750m in care home acquisitions and new developments. It aims to have 60 care homes and 4,000 beds under its ownership by 2026.
The deal to acquire Horizon Care Group and its six homes was funded by offshore funder Gazcob and French real estate investors Pierval Sante. Simply UK already owns Scottish care home group Morar Living. Horizon Care Group has 498 beds in total across Sheffield, Pontefract, and Worksop. Two development sites are also included in the deal. All 511 Horizon staff will transition to Portland Care Group. Neil Dobbie, land director of Simply UK, said: “The launch of Portland Care Group and the acquisition of these six homes marks the start of an exciting new phase in our growth strategy and underlines our ambition to become one of the largest quality care providers in the UK.
“Simply UK’s business plan will add
between 800 to 1,000 beds every year to our portfolio and with excellent relationships with funders and confidence in the brand, we are
10
ACI Care Group refinanced by Cynergy Bank
Family-run ACI Care Group, which owns and operates four care homes across East Sussex, Kent, and Northamptonshire, has received £7.35m of funding from Cynergy Bank. ACI, which is run by Anand Sodha and
confident that this is not overly ambitious. “We will grow the Portland Care Group
and Morar Living brands in tandem, with a combination of strategic acquisitions of existing care providers and developing new-build sites in areas where there is a clear demand for the highest quality of care. “Horizon was a well-respected care home
provider and under the Portland brand there will be a seamless transition of customers and staff, with substantial funds available to improve the offering and to take it to another level. Working in partnership with the Care Quality Commission, our expertise, skills set and high standards, will ensure residents benefit from exceptional quality of care.”
Ravi Sodha, operates Fairways Residential Home, The Old Rectory Residential Home, Mountside Residential Home, and Gabriel Court. Between them, the homes provide dementia care, residential care, and respite care. The Cynergy loan - a five-year term loan with a repayment profile of 25 years - will support the refinancing of ACI’s homes. Ravi Sodha, director of ACI Group, said: “We are really excited to work with Cynergy Bank. From start to finish, they have shown their enthusiasm for the care sector and for us as an operator, so that we can plan for the future.” Cynergy Bank relationship director
Satyen Shingadia commented: “It has been a fantastic experience to work with Anand and Ravi. I look forward to working with them in achieving their future plans to expand further into the care home sector.” Anand Sodha, director of ACI Group,
added: “Really looking forward to working with Satyen and Cynergy Bank, they followed through on everything they promised from the outset and have already shown a great appetite to work collaboratively with us as we seek to meet our own ambitious goals.”
www.thecarehomeenvironment.com September 2022
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