Care provider, Hallmark Luxury Care Homes, has announced it will undergo a refinancing process “to enable future growth and investment”.

Care provider, Hallmark Luxury Care Homes, has announced it will undergo a refinancing process “to enable future growth and investment”.

Hallmark’s owners, the brothers Ram and Vidya Goyal are retiring from the business to spend more time with family and focus on philanthropic work and other projects.

Founder Avnish Goyal will remain as chair and continue to lead the organisation, supported by managing director, Nye Brown.

Brown said: “Refinancing represents an exciting opportunity for the future of the business, supporting growth and investment as we continue to deliver award-winning care. 

“As we begin to embark on this journey, I would like to thank Vidya and Ram for their invaluable contribution to the business over the last 26 years, and wish them all the best for their next chapter.

“I look forward to supporting Avnish in his role as chair, guided by the same vision, charter and values that have underpinned our organisation since 1997.”

The refinancing transaction is being managed by Deloitte partners David Jones and Abhishek Jaiswal.