ACI Care Group, a family-run business which owns and operates four freehold specialist care homes in Kent, East Sussex and Northamptonshire, has received £7.35 million of new funding from Cynergy Bank.

Cynergy Bank has provided ACI Group with a five-year term loan with a repayment profile of 25 years, which will support the refinancing of the care homes.

Established in 2017, the business is run by Anand Sodha and Ravi Sodha, and includes Fairways Residential Home, The Old Rectory Residential Home, Mountside Residential Home and Gabriel Court which offer dementia care, residential care and respite care.

Satyen Shingadia, relationship director at Cynergy Bank said: “It has been a fantastic experience to work with Anand and Ravi. I look forward to working with them in achieving their future plans to expand further into the care home sector.”

Ravi Sodha, director at ACI Group, added: “We are really excited to work with Cynergy Bank. From start to finish, they have shown their enthusiasm for the care sector and for us as an operator, so that we can plan for the future.”

Director Anand Sodha commented: “Really looking forward to working with Satyen and Cynergy Bank; they followed through on everything they promised from the outset and have already shown a great appetite to work collaboratively with us as we seek to meet our own ambitious goals.”