By Scott Wright
A SCOTTISH care home company has expanded its portfolio after securing a £10.2 million funding package.
Family-owned Avondale Care Scotland was supported in its acquisition of the Glenbervie residential care home in Falkirk with the loan from Barclays. The funds will also be used to provide facilities in its other care homes.
Glenbervie is the fourth in the Avondale portfolio, which includes Carrondale Care Home in Falkirk, and Benore Care Home and Lister House in Lochore, Fife. The company also runs Robert Allan House, situated within Lister House, which offers specialist care to adults aged between 18 and 65 with complex needs.
The business was established in 1987 by Allan Hendry, and is now operated by his sons Graeme and Adrian Hendry. It employs around 550 people.
Adrian Hendry said: “This funding package is a big investment into the future of our business. We want to be able to provide the best possible care to our residents and this funding helps us to do so.’
Jamie Grant, head of corporate banking for Barclays in Scotland, added: “Avondale Care Scotland has an excellent reputation, and this sizeable deal ensures it can meet its future growth ambitions while ensuring the highest quality care is offered.”
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