Complex care provider Cornerstone Healthcare Group and Virgin Money have completed a refinancing deal valued at £12.75 million.

This transaction supports Cornerstone’s impending completion of its first new build development, Cale View in Wincanton, Somerset.

 Cornerstone’s chief executive Johann van Zyl said: “The successful partnership with Virgin Money not only solidifies our financial foundation but propels our ambitious growth strategy forward. This refinancing deal strengthens our position in the market and reinforces our commitment to delivering the most innovative and high-quality complex care services in the sector. It represents a key milestone for both Cornerstone Healthcare Group and Virgin Money.”

Graham Harper, senior director at Virgin Money, added: “Virgin Money is dedicated to supporting organisations that drive meaningful change. Our investment in Cornerstone and, by extension, Cale View, demonstrates our commitment to projects that significantly contribute to society. We believe that Cale View will serve as a beacon of excellence in healthcare, aligning perfectly with our mission to back initiatives that positively impact communities.”