£5m investment set to fuel acquisitions in domiciliary care sector
New Gen Healthcare has secured a £5m facility from specialist growth finance provider, Growth Lending, to support its buy-and-build strategy and accelerate growth.
New Gen Healthcare, the parent company of a newly established domiciliary care group, has secured a £5m facility from Growth Lending to fuel its ambitious buy-and-build strategy. Marking the first step in its UK-wide expansion plan, the investment has already enabled New Gen’s acquisition of a leading homecare services provider.
With sights set on becoming a dominant force in the homecare sector, New Gen Healthcare is actively pursuing further acquisitions of high-quality providers to deliver essential care services to elderly and vulnerable individuals across the nation.
The funding will come from Growth Lending – a specialist provider of growth capital for innovative, fast-growing SMEs. Offering growth loans from £2m, the independent asset manager covers a wide range of sectors. With a strong track record in technology, media and telecommunications (TMT), its partnership with New Gen Healthcare reflects the company’s continued focus on supporting the next generation of high-growth UK businesses.
Jon Kerry, Co-founder of New Gen Healthcare, says: “The investment from Growth Lending is a key milestone in our buy-and-build journey. This first acquisition is just the beginning, and with Growth Lending’s support, we are confident in our ability to scale rapidly and deliver exceptional care services to those who need it most.”
“The team’s understanding of our vision and the healthcare sector has been invaluable, and we look forward to working with them as we continue to expand and improve the delivery of domiciliary care services.”
Adam Brinn, Regional Head at Growth Lending says: “We are thrilled to partner with New Gen Healthcare as it sets out on an ambitious acquisition strategy. Jon and the team have demonstrated a clear vision for growth and under their leadership we are confident in the business’ ability to continue on an upward trajectory – it is a great story to be a part of.”
For more information about New Gen Healthcare, visit newgenhealthcare.co.uk.
For more information about growth capital from Growth Lending, speak to a member of our expert team.
