Fortis fills Guardian’s war-chest

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

Guardian Care Homes (UK) Ltd has refinanced its business, amassing a war chest of £15 million to develop its plans for further growth, Over the last two years, Wolverhampton-based Guardian has become a major privately-owned operator. Founded in 1992 the company, which in July 2003 had 11 homes, now owns 32 – with about 1,000 beds and employing 700 staff – in England and the Scottish borders. In the last six months Guardian has strengthened its management team,with the appointment of Kevin Groombridge as chief executive and Pat Moore as commercial and finance director. Fortis Bank’s specialist healthcare team, led by Simon Murray and Natalie Bacon, has provided the refinancing facilities, including setting up the £15 million fund to finance the development of existing care homes and also to support the strategic direction of the group. Guardian chairman Gary Hartland said the group now had the facilities and management team in place to enable Guardian Care Homes to further develop its business in a properly

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