Lloyds Bank funding helps VARS Care expand in the East Midlands

Date: 08-06-2016

Tagged as: Case StudyEast MidlandsHealthcare

“Lloyds Bank has been extremely supportive of the purchase and the team were always on hand to provide guidance throughout the acquisition process.” Ash and Vimi Seewooruthun, Operators, VARS Care

VARS Care Ltd is a Leicester-based healthcare provider offering residential care for the elderly. Thanks to funding from Lloyds Bank Commercial Banking, the company has been able to expand its portfolio of care homes.

Caring for dementia sufferers

When VARS Care identified Fernleaf Care Home as an opportunity to grow the business, the provision of quality care was an important factor in the decision.

“The home has recently been awarded the Dementia Quality Mark, and the caring nature of the Manager, Sandra Parkin, and her team led us to choosing this home over the many others that we looked at,” explained VARS Care operators Ash and Vimi Seewooruthun.

With ownership of two care homes, VARS Care has increased its number of employees to 50 and plans to create more job opportunities in the next six months.

Securing funds for growth

Lloyds Bank provided funding to support the purchase of the care home.

“Lloyds Bank has been extremely supportive of the purchase and the team were always on hand to provide guidance throughout the acquisition process,” Ash and Vimi Seewooruthun confirmed.

Steve Loxton, Healthcare Relationship Manager at Lloyds Bank Commercial Banking, commented: “Ash and Vimi have extensive experience in the healthcare sector and this latest acquisition marks an important milestone in the expansion of their portfolio in the East Midlands. Our dedicated team of healthcare relationship managers have an extensive knowledge of the sector and are able to provide tailored support to help business owners like Ash and Vimi achieve their ambitions for growth.”

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