Care home provider to expand with £900k funding

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Keane Premier Healthcare, the Lanarkshire-based care home provider, is expanding after receiving a £900k loan from Barclays to finance the purchase of two new care homes.

The acquisitions follow a period of sustained growth for the family-owned care home providers. The business has received more than £3m in funding support from Barclays during the past three years.

This has enabled Keane Premier Healthcare to more than double the number of care homes it runs, while continuing to provide the highest level of care for its residents. Its new sites in Glasgow and South Lanarkshire will increase capacity by nearly 150%.

Aside from an extensive re-bank with Barclays, which has seen the company take up a number of Barclays’ operational banking and asset finance services, Keane Premier Support Services, a division of Keane Premier Group has also worked with Barclays to recruit six new apprentice care workers from The Prince’s Trust.

Barclays partners with The Prince’s Trust on its Connect With Work programme, which is aimed at supporting individuals from often overlooked communities to enter the workplace by delivering tailored training and connecting them to businesses that are recruiting. The apprentices completed a comprehensive training course to learn the fundamentals of becoming a caregiver, which included health and safety training, medication awareness, full first aid courses, and moving and handling accreditations.

The deal team was led by Andy Hall, Head of Corporate Banking, Central Scotland at Barclays, and Helen Hutchison, Relationship Director, Barclays.

Ryan Smith at Keane Premier Healthcare, said: “The support that Barclays has given us has been key to helping us expand our business. Not only have they created a tailored package to help our business grow sustainably in line with our commercial aspirations, but with their Connect With Work programme, they have also helped us work with The Prince’s Trust to give six young adults a job.

“Our business relies on creating a family atmosphere and providing high quality care within each one of our homes. The support we have received from Barclays has meant we can provide more people in the west of Scotland with the best option for them and their loved ones.”

Jamie Grant, Head of Region Scotland & Northern Ireland, at Barclays, said: “Keane Premier Healthcare is exactly the type of passionate and ambitious business we are pleased to work with. We have provided a tailored funding package to help the business realise its ambitions, but have also made a valuable introduction to The Prince’s Trust through our employability programmes. The business is now working with the local community to upskill and support young adults into work, which highlights the level of holistic support Barclays is able to offer to our customers and the communities they serve.”

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