Care home provider eyes growth after loan support

A care home provider has unveiled growth plans after securing cash support.

Macc Care has been boosted by a loan from OakNorth and Ortus Secured Finance.

Bosses say the backing will help the Birmingham-based operator refinance existing debt and push forward an expansion blueprint.

Founded in 2004, Macc Care runs bases across the West Midlands, providing residential, nursing and dementia care for people aged 65 and over.

Dr Naz Nathani, co-founder and chief executive of Macc Care parent company Macc Group, said: “Our mission is to deliver exceptional and compassionate care within market-leading developments.

“We’re deeply grateful for the support from OakNorth and Ortus.

“Their understanding of our sector and growth ambitions has been instrumental in enabling our expansion and innovation.”

Dale Cowdell, director of debt finance at digital bank OakNorth, said: “We’ve supported Macc Care for several years, and have seen the strength of its management team and the quality of its operations.

“This latest transaction reflects our confidence in its long-term growth strategy.”

Jon Salisbury, chief executive at property lender Ortus Secured Finance, added: “We’re delighted to be involved in this transaction, supporting growth in such an important sector that provides vital services to local communities.”

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