Three Staffordshire care homes have been acquired by Swansea-based charity Healthcare Management Trust in a deal funded by a seven-figure package from HSBC UK.
The acquisition of St Quentin’s Care Homes marks the next step in Healthcare Management Trust’s (HMT) growth strategy and mission to provide market-leading care. St Quentin’s has three residential care homes, St Quentin’s, The Hawthorns, and Langley House, all based in Newcastle-under-Lyme. The three sites join HMT’s portfolio of three other care homes and two private hospitals.
The new care homes will help HMT diversify its revenue stream, with the business expecting to generate an 18 per cent increase in revenue as a result of the acquisition.
Dr Nichola Stefanou, Chief Executive Officer at Healthcare Management Trust, said: “This acquisition represents a wonderful opportunity to integrate St Quentin Care Homes into the HMT fold. We are committed to maintaining the high standards of care that St Quentin is known for, while also encouraging further innovation and resourcing to enhance the wellbeing of the people in our home. HSBC UK’s support in the acquisition process has been invaluable in delivering this deal, which will significantly contribute to our future growth across the UK.”
Alex Brown, Relationship Director at HSBC UK, added: “Healthcare Management Trust has had a five-year relationship with HSBC UK and we’re proud to support the business in the next chapter of its growth story.”
Founded in 1985, Healthcare Management Trust is a Swansea-based health and social care registered charity, operating two private hospitals in Grimsby and Swansea, and three care homes in Hampshire, London and West Sussex.