Birmingham healthcare provider Armighorn Capital has acquired a care home in Aintree, Liverpool, via a £2m funding package provided by Frontier Development Capital.
The newly-renamed Abbey Wood Park nursing home, formerly Amberleigh House, is located next to Aintree Hospital and will soon be opened following a refurbishment programme.
Abbey Wood Park will be able to offer beds and services for up to 38 residents.
This deal marks the latest in a round of acquisitions for Armighorn Capital, which operates five homes across the Midlands and West Yorkshire, managing the care of approximately 350 residents.
“Armighorn has a strong track record of reopening and transforming care homes requiring improvement,” said Armighorn Capital director Navjot Singh.
“Residents are our most important priority and that is why, when acquiring a new site, we work hard to not only make physical upgrades, but also assess and implement operational changes to raise service quality. We plan to apply the same principles to Abbey Wood Park, ensuring that existing and future residents receive the highest standard of care,” he added.
The £2m funding package from Frontier Development Capital meanwhile enables Armighorn Capital to complete two further care home acquisitions in the city.
“This £2m funding line, in addition to the initial £3m investment received in 2019 from Frontier Development Capital’s growth capital team, enables Armighorn Capital to continue the delivery of our ambitious growth plans,” said Singh.
