A Leicestershire-headquartered care group has purchased two new care businesses in the Midlands, after securing an £840,000 finance package from HSBC.
iBC Healthcare is one of the UK’s largest and fastest growing specialist care providers for adults with learning disabilities and mental health issues. The business, which provides support to over 160 individuals with disabilities, has used the loan from HSBC to acquire two care businesses in Birmingham and Derbyshire. iBC Healthcare has purchased Forward Day Services in Birmingham, which promotes independence and provides support for service users who have a variety of complex needs, and Tarry Hill Residential Service in High Peak, which offers support to people with learning disabilities & autism.
The deal will aide iBC Healthcare in responding to increased demand for health and social care facilities across the region and will also lead to the creation two new managerial roles to support the newly acquired services and provide a better experience for service users. The acquisitions also mean that iBC Healthcare now holds further contracts with Leicester City Council, Leicestershire County Council, Nottingham City Council, Nottinghamshire County Council and Derbyshire County Council, with the aim to attain more facilities across the UK this year.
Nizam Bata, Managing Director at iBC Healthcare, said: “Our team remains committed to the continuous improvement of our services in both residential living environments, day care services and community support. The funding has enabled us to continue to build relationships with various councils across the Midlands. We now have seven services across the Midlands helping to support individuals with learning disabilities, autism, challenging behaviour, mental health needs, visual impairment and physical disabilities.”
iBC Healthcare has an outstanding reputation for service delivery within the sector and the support from HSBC will enable the group to continue to respond to the growing requirements from different local authorities.
Debbie Harper, HSBC’s Area Director for Business Banking in Coventry & Warwickshire, said: “iBC Healthcare has an outstanding reputation for service delivery within the sector and the support from HSBC will enable the group to continue to respond to the growing requirements from different local authorities and provide tailored support for a variety of complex needs. The business has a strong reputation for supporting people with disabilities by providing quality support and access to mainstream activities and opportunities.”
The funding was arranged by Relationship Director, Rakesh Patel of HSBC.