Barclays leads Â£132m loan to fund ANS debt and expansion
Major provider the ANS Group has completed on a Â£132 million syndicated debt package to enable it to refinance existing debt and finance business expansion. The new facilities are being led by Barclays with an investment of Â£52m. Barclays healthcare spokesman Paul Birley said Barclays had had a relationship with ANS since 1981. “ANS is a recognised industry leader in a sector destined for significant growth,” said Mr Birley. “The new debt facility will allow ANS to expand further in the specialist care market Â a market which we want to be part of.” ANS Group finance director Fred Sinclair-Brown said the Barclays-led package was an endorsement of confidence in the ANS Group to build on the growth and profitability experienced over the last few years. Barclays is a leading banker to the UK healthcare sector. Five out of the top seven care home operators, and three out of the top five private hospital groups either bank with Barclays, or do substantial business with the bank.