Care home provider, CareConcepts expands portfolio with Marion Lauder House acquisition
Set up by a team who have operated care homes since 2009, CareConcepts proudly delivers support and care to older people across Manchester, Stoke and Warrington with a strong focus on consistently improving their experience for all stakeholders, through enhancing the facilities they operate.
At a glance
Operating care homes since 2009
Owners Carl Scarlett, Lee Stringfellow and Lynne Scarlett have built upon their past success having previously completed two acquisitions with Shawbrook support, Trewan House and Goldendale care home in June 2021. Since these first acquisitions, the CareConcepts team have invested in facilities and service across both care homes, delivering significant improvements for the residents under their care.
Marion Lauder House is a purpose-built care home in Wythenshawe, Manchester. The home provides a high standard of care for up to 79 people and currently provides nursing, residential and respite/assessment care for dementia patients. The home also operates a day centre service which offers care, socialisation and activities to people with dementia across the region.
With significant capital invested in Trewan House and Goldendale care homes, and further investment needed for Marion Lauder House, CareConcepts required a deal that ensured a ready cash flow. Shawbrook agreed a £4.26m loan with a 5-year commitment period which included a 12-month capital repayment holiday (as part of a 25 year profile), to assist with cash flow during the transitional period.
Rick Tarver at Knight Frank advised on the deal, and Addleshaw Goddard acted for Shawbrook.
Having worked with Shawbrook previously, we knew they were the perfect partner for this deal. The team listened to our needs and created a bespoke deal to support our plans.
Carl Scarlett from CareConcepts Limited comments:
“It was vital that in the first year of the deal we would still have capital readily available in which to make further enhancements to the homes in our portfolio, and in particular to Marion Lauder House. We have big plans to upgrade the home and working with Shawbrook allows us to begin these improvements right away. Having worked with Shawbrook previously, we knew they were the perfect partner for this deal. The team listened to our needs and created a bespoke deal to support our plans.”
Peter Cuffy, Relationship Director at Shawbrook comments:
“Care homes provide a valuable and necessary service to our community, and it is fantastic to work with a business with the values that CareConcepts has and who wants to provide the best possible care for its residents and their loved ones. The team at CareConcepts have a proven track record when it comes to investing and improving the care homes in their portfolio. The success of the previous properties Trewan House and Goldendale care home was clear evidence of the team’s ambition and ability, and we were thrilled to support on this third acquisition.”
Ben Bradley, associate partner at HURST Corporate Finance, who advised the company on its acquisition, comments:
“Shawbrook’s ability to create bespoke funding packages for their clients made them an obvious partner for CareConcepts on their most recent deals. I’m delighted the relationship has continued since our first introduction and am looking forward to working with both CareConcepts and Shawbrook in the future.”
How can we help you build your business?
Our team of experts across the UK are ready and waiting to speak to you about how we can help you realise your business aspirations. Use our enquiry form to get in touch, or contact the team directly through our contact page.