Hill Care Group secures £26m funding from Barclays

Derbyshire care business Hill Care Group has secured funding from Barclays to consolidate banking with one provider and refinance for growth with a £26 million term loan.

Established in 2001 and based at Chesterfield, the business provides care to over 1000 residents. Operating homes across the north of England, Hill Care will now move ahead with plans to acquire and build new facilities.

Wendy Waddicor, managing director of Hill Care, said: “We are very excited to be expanding our brand of exceptional, holistic care, catering to all our residents’ needs.

“Our priority is improving the quality of life for those who choose to reside with us, maintaining their privacy, dignity and ability to manage their own lives. Through new builds and acquisitions, we will be able to support more families with the care of their loved ones.”

The funding deal with Barclays is the largest the bank has agreed with any care operator in the north of England this year.

John Anderson, Barclays relationship director, commented: “We are delighted to work with Wendy and her team and provide a full banking package, including £26 million term debt. This deal demonstrates Barclays understanding of the sector and commitment to healthcare businesses. Having a focused industry specialism enables us to understand the current social and economic headwinds experienced by operators.”

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