A family-owned Nottingham care home operator has acquired a home in Solihull with the support of a seven-figure funding package from HSBC UK.
Sherwood-headquartered Affinity Care Consortium will use the funding to continue its nationwide growth strategy, supported by the acquisition of the 50-bed Silver Birches care home. Silver Birches will undergo a full estate review, with plans to upgrade and modernise the home, including a full redecoration and technological advancements.
The acquisition comes as part of Affinity Care Consortium’s plan to open six homes in the West Midlands by 2025, in addition to its existing site in Coventry, Coundon Manor, as well as five other services across Stoke-on-Trent and Staffordshire.
As a result, Affinity Care Consortium is forecasting a £2.5 million annual increase in turnover with 60 new permanent roles expected to be created.
Tanzeel Younas, Co-Owner of Affinity Care Consortium, said: “Buying Silver Birches marks a pivotal milestone in our strategic expansion into Birmingham and Solihull. Our vision is to breathe new life into existing homes through modernisation and enhancement, while simultaneously pioneering new services in the region to cater to those in need.”
David Subba, Healthcare Sector Lead for Thames Valley & Solent at HSBC UK, added: “We are very proud to be able to support the growth ambitions of Affinity Care Consortium, particularly as in doing so the care facilities for residents in Solihull are being improved.
“The healthcare sector needs regular investment to ensure facilities are suitable for increasing numbers in need of support and HSBC UK are keen to support this wherever possible.”
Affinity Care Consortium operates a total of 48 adult care homes, 100 supported living homes, ten children’s homes, one school and 30 homeless housing units.
