Private care home owner, CareConcepts has acquired Wythenshawe, Manchester-based Marion Lauder House. a purpose-built which provides nursing, residential and respite/assessment care for dementia patients.

The home also operates a day centre service which offers care, socialisation and activities to people with dementia across the region.

To support the acquisition and further refurbish the home, Shawbrook structured a £4.26 million commercial loan with a five-year commitment period, which included a 12-month capital repayment holiday (as part of a 25-year profile) to assist with cash flow during the transitional period.

CareConcepts delivers support and care to older people across Manchester, Stoke and Warrington’

Knight Frank advised on the deal, and Addleshaw Goddard acted for Shawbrook.