ThinCats funds major acquisition for Scottish Care Home group

16/01/2024


LEADING alternative finance provider to UK SMEs, ThinCats, has provided a tailored funding package to support Enhance Healthcare Limited (“Enhance”) in their acquisition of Ayrshire Care Homes Limited (“Ayrshire”). 

Enhance Healthcare is a trusted name in the care home industry, providing exceptional standards of quality care. In the last 10 years, Enhance has flourished, expanding their portfolio of care homes and cultivating a dedicated staff team that delivers first-class care every day. 

Across Scotland, the business operates 9 care homes, offering nearly 350 beds to elderly and adult service users. They provide comprehensive activities programmes and life skill development initiatives, empowering residents to reach their personal milestones and enhance their overall well-being. Leveraging state-of-the-art technology, such as virtual reality, they provide enriching experiences that transcend physical and mental limitations, opening doors to new possibilities.

The acquisition of Ayrshire adds a further 189 beds across 4 modern purpose-built homes situated on the Ayrshire coast enjoying stunning views over to the Isle of Arran. The properties are constructed to a very high standard and will be run by a highly experienced management team who have an excellent reputation for providing consistent levels of high-quality care. 

Andy Jamieson, Managing Director, Enhance Healthcare Ltd, commented: “Our aim is to provide person centred care in a home from home environment, supporting each individual service user to maximise their independence and wellbeing. The acquisition of Ayrshire Care Homes is a significant milestone for the group, both broadening our reach and enhancing our capabilities to deliver high-quality care for the communities which we serve. Richard and his team at ThinCats have been extremely supportive, demonstrating a detailed understanding of the healthcare sector, our business model and our vision for the future as we continue with our expansion.”

Richard Henshaw, ThinCats, commented: “The management team at Enhance are fantastic operators and have built an impressive portfolio of homes that continue to deliver the highest quality of care to residents. With this latest acquisition they will be able to provide their services to even more individuals from stunning locations across Scotland. We’re excited to be on this journey with them and look forward to seeing their business go from strength to strength.”

Legal support was provided by BTO (Enhance) and Clyde & Co (ThinCats).

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