Acquisition capital to finance the purchase of a 50-bed nursing home in Lancashire, which is part of a larger facility to pursue further acquisitions

Nash Business Capital has provided £2,700,000 of acquisition capital to Constantia CH Limited to finance the purchase of Crawshaw Hall Medical Centre, a 50-bed nursing home occupying a Grade II* listed building in Rossendale, Lancashire, which is rated ‘Good’ by the Care Quality Commission (‘CQC’). Constantia CH is an affiliate of Constantia Healthcare Limited, which was founded in 2014 by Anthony Massouras and Nick King. Constantia Healthcare owns and operates two elderly residential care homes in Middlesbrough and a nursing home in Blackburn. The addition of Crawshaw Hall increases the total bed capacity of Constantia to 183 beds.

The infusion of new capital from Nash Business Capital is part of a larger £5,000,000 facility that is being made available to Constantia to pursue further acquisitions.

Care homes continue to play an important role in the care of the elderly and vulnerable. There are approximately 377,000 residents in over 11,000 (residential and nursing) care homes across the UK, as at September 2020 (source: LaingBuisson). Demand, driven by an ageing population and reduced state provision of residential and nursing care, continues to grow with an additional 24,000 places required over the next 5 years.

Constantia was advised by Clarion Solicitors Ltd. Nash Business Capital was advised by Blake Morgan LLP.