Refinance and acquisition completion for Care Home Operator
In 2025 our clients had the opportunity to purchase The Moorings Care Home on the Isle of Wight which is registered for 40 beds, following a decision by the existing owners to retire.
Sean Hurden says, “My clients, who I have known for over 10 years, are very experienced care home operators and have taken on a number of turnaround projects. They currently operate 3 care homes in the South West and a Domiciliary Care business.
Although the home had struggled over the past couple of years, resulting in a CQC rating of Inadequate, we and the lender, who were aware of the issues, had faith that they would be able to make the improvements required to turn the fortunes of The Moorings around and we are delighted to have been able to support them in brokering a £5m commercial loan facility to refinance existing borrowings and also a capital raise to assist with this purchase.”
