NatWest backs Executive’s growth strategy

Posted on September 1st, by editor in Caring Times. No Comments

NatWest has funded the acquisition of Allan Water Ltd – a Scottish care home group – by Executive Care Group. The acquisition is Executive Care Group’s first venture into Scotland and increases their number of homes to 27 – providing a variety of residential, elderly and special needs care. There are a further 306 beds being built in Scotland over the next 18 months, including a care village with close care units – taking the group’s holdings to 656 beds with options on some sites to make the total beds in Scotland to more than 1,000. A further site has also been purchased in Pannal, Harrogate with planning permission received to develop a 60-bed care home for elderly people, construction of which is expected to start next month. The Executive Care Group, which has recently moved to a new head office in Team Valley and Gateshead, is an established operator of care homes with more than 18 years’ involvement in the sector. Owner and chief executive Jennifer Houghton said the assistance provided by

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