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Creating the greatest outcomes

Founded in 1993, CareTech is a major provider of social care for adults and children with complex needs, focusing on residential care, independent supported living, and community support. With a portfolio of c550 residential homes, CareTech accounts for almost 10% of children’s homes in the UK. In addition, the company’s portfolio includes an acute brain injury rehabilitation centre, specialist services hospitals, and specialist education schools teaching hundreds of students. 

Successful financing to support CareTech’s organic and inorganic growth strategy

At the beginning of 2024, CareTech, which has been a NatWest customer for more than 30 years, approached us to discuss financing for several investment opportunities, including an upgrading of its technology, the reopening of some existing sites which had been closed and bolt-on M&A opportunities.

NatWest agreed to take a 50% hold in a £25 million incremental debt raise. 

Continuing to be a part of CareTech’s success story

Chris Dickinson, CFO, CareTech: “Our relationship with NatWest goes back a long way, and we thank them for their continued support throughout our exciting journey.” 

Ashleigh Dorrington-Harvey, Director, Healthcare & Life Sciences at NatWest: “We are delighted to have supported CareTech with additional debt financing. This new deal will enable them to pursue growth opportunities for their business, and we look forward to continuing being a part of their success story.”

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