21st July 2022 – Peak District-based specialist independent brokerage, Montane Finance, part of the Montane Group, has supported the Wood Care Group with a seven figure refinance deal to support the growth of the business including the purchase of a new care home The Fountains Care Centre in Swinton, Salford.
The Wood Care Group is a family business run by Andrew, Tom and Jenny Wood who have over 30 years’ experience in the care home sector and have established an impressive presence and passion to provide the highest standards of care. With a focus on people centred care, the Wood Care Group’s team aim to help residents retain independence and a high quality of life.
This latest funding means Wood Care Group now operate five care homes offering 24-hour residential, nursing and dementia care. The homes are Longwood Lodge Care Home in Oldham, Broom Lane Care Home in Rotherham, The Cedars Care Home in Doncaster, Riverside Care Home in Barnsley and The Fountains Care Centre in Salford.
Working with the team at Wood Care Group, Montane Finance has been able to leverage its relationships with lenders and its experience in the healthcare sector to structure the right funding package. Montane Finance were particularly impressed with the family team behind Wood Care Group, and their passion for the care sector and forward-thinking approach.
Scott Murcott, MD of Montane Group said: “We are thrilled to have been able to support such a passionate, hardworking, and talented business as Wood Care Group with the successful refinance of their care group. Andrew and the team hold a unique blend of compassion, humility, and dedication in all that they do. Having successfully navigated the pitfalls of Covid, the Group stand in a great position to continue to push forward through this next phase of growth and expansion. This is another key marker for the Montane Group, highlighting our key vision of being the debt advisor of choice for acquisitive and ambitious operators within the care sector.”
Andrew Wood, Wood Care Group added: “Working with Scott and the team has been an absolute pleasure, they understand the care market making the whole process much easier. Additionally, Scott was only ever a phone call away should we need anything. We’re delighted to have developed this relationship with Montane and will certainly be using them again as our group continues to grow.”
