Northern Healthcare release capital following growth period
Northern Healthcare Limited, a specialist independent provider of enhanced supported living services has partnered with Shawbrook to drive their future growth.
Northern Healthcare support individuals living with a mental health diagnosis, learning disability, autism, and brain injury. Currently, the specialist adult health and social care provider has 15 services across the North West, Cumbria, Yorkshire and the Midlands. Northern Healthcare has ambitious plans to expand the company's reach and enable more vulnerable individuals to access the right level of support in their community.
Working alongside key public services including the NHS, Integrated Care Boards (ICBs) and local authorities, Northern Healthcare's recovery-focused multi-disciplinary team support individuals to achieve greater independence and quality of life.
The unique landscape of the health and social care industry led Northern Healthcare's leadership team to seek a long-term financial relationship with a financial organisation which shared their vision; to improve the lives of the people they support.
In August, a relationship with Shawbrook facilitated by Funding Friends Ltd, an experienced financial advisory firm was formed.
The specialist knowledge and experience of the Shawbrook team made them a natural partner for us.
Ashley added:
“From the initial interactions, we were impressed by their interest in our distinctive support model and their shared passion for the vital service our team members provide in their communities.
"Shawbrook ensured the process was as smooth as possible, providing expert advice and robust communication. We are delighted to embark on a new relationship that will support our future growth with an organisation that values and recognises the lifelong positive impact of our services."
Damian McCann, Executive Chairman, Funding Friends Ltd adds:
"It was fantastic to work with an organisation with ambitious growth plans and a bank who understood the specific opportunities within the sector.”
Monika Sieradzka, Associate Director, Healthcare Finance at Shawbrook comments:
“The team at Northern Healthcare have done an impressive job in building the business so far. We are proud to be working with a team who are positively impacting and improving the lives of the most vulnerable individuals and we look forward to seeing the organisation continue on its growth trajectory. The organisation provides much-needed support to those in need, and it has gone from strength to strength over the last few years, we are delighted to be part of their future.”
Rob Drake and Tony Hornsby for Mitchells Chartered Accountants & Business Advisers provided financial due diligence.
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