Barclays Agrees £5.4m Refinance with Optima Care Partnership

The Optima Care Partnership has agreed a £5.4m refinance package with Barclays.

Optima Care-homes provide supported living and nursing care home services across four locations and seven units in Bristol, Somerset, and Devon.

The business provides care to particularly vulnerable individuals alongside specialising in high quality elderly support services and for those with complex care needs.

The funding package will allow further investment in the group’s care homes to improve facilities for its residents as well as funding for its new staff accommodation unit at Paignton, Devon.

Paul Bliss, Managing Director and Owner of Optima Care Partnership, said:

The decision to move our existing business to Barclays was not taken lightly, but by having a dedicated management team that will assist us in the continued development of the company was one of our key considerations.

"Barclays is also well-known in the healthcare sector and this experience and knowledge is a good fit to enable us to work together now and in the future in fulfilling our business growth ambitions.”

The Barclays deal was led by relationship directors Keith Herod and Neil Chandler.

Neil Chandler, Barclays relationship director for Healthcare, South West, said:

We have developed our relationship with Optima Care Partnership over a number of years and this demonstrates the importance of our industry sector proposition.

"As the first UK bank to have a dedicated healthcare team Barclays bring 20 years’ experience providing specialist support to the sector we’re proud to work with strong management team like Optima Care Partnership and we look forward to being their trusted banking partner now and in the future."