Anthony Massouras refinances Mimosa

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

Anthony Massouras of Mimosa Healthcare has just completed the refinancing of his business with Halifax Bank of Scotland (HBOS) following the successful conclusion of his 20-month partnership with the boutique venture capital firm Hotbed. The Hotbed investment enabled Mimosa to double in size and increase the proportion of freehold to leasehold properties in its portfolio. It also allowed the business to embark on a development programme which saw the introduction of more specialist care services within the group, including the commissioning from start-up of new alcohol rehabilitation services. Mr Massouras said his group was constantly seeking to enhance and stabilise revenue streams and improve business. “The participation of Hotbed was crucial to this end,” he told _Caring Times_. “In return the Hotbed investors realised an average annual Internal Rate of Return (IRR) of 35 per cent on their £5.15 million investment. “We have now concluded arrangements with Hotbed to repay their investment and rais

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