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Avery Healthcare focused on growth with seven figure funding deal

seagrave-house

Northampton-based healthcare operator Avery Healthcare is focused on growth after securing a seven figure refinance package from the Royal Bank of Scotland.

Avery Healthcare operates residential, dementia and nursing care homes throughout the UK, with a focus on providing the highest possible standards of living for their residents and peace of mind for family and friends alike. The company is using the seven figure funding package secured from the bank to support its continued growth as it seeks new opportunities to expand with potential new build sites across the UK. The bank has also funded the completion of its recent extension plans at Seagrave House in Corby.
Seagrave House has been extended to offer residential, dementia and respite care over three floors with 71 residential rooms all with en-suites; the new and exclusive top floor suite has just nine private rooms with its own quiet lounge and dedicated dining room. One floor of the home is entirely devoted to the care of those living with dementia. The home is set in attractive sunny landscaped gardens, faces the local bowling club greens and offers a comfortable home away from home atmosphere.
John Strowbridge, Managing Director at Avery Healthcare said: “The refinancing deal will assist the future growth of Avery Healthcare and provide liquidity to support our expansion plans. It means we are well placed to identify potential new sites so that we can expand our care home offering across the UK. The banking team led by Ian Paramore have been very helpful and structured a competitive solution to meet our needs.”

Ian Paramore, Relationship Director, Royal Bank of Scotland said: “We have supported Avery Healthcare since the start with regards to Seagrave House from when the new build was originally constructed five years ago. We are therefore delighted to continue our relationship with the team and support the extension of the home. The refinance package in place also provides a platform from which to grow the group even further and take advantage of any new development opportunities that may arise.”