Care Concern Group has been given a £9.4 million loan from OakNorth Bank to acquire Willowbrook Care Home in Birmingham.

Willowbrook is a purpose-built home with 75 units spread across two buildings. 

To date Care Concern Group has borrowed an estimated £40 million from OakNorth Bank to support its expansion.  

Manpreet Johal, chief executive of Care Concern Group, said: “With this purchase we’ll be able to provide an even higher standard for dementia and general nursing care facilities in the city and help reduce its 240-bed footfall.”

Deepesh Thakrar, senior director of debt finance at OakNorth Bank, commented: “The West Midlands’ supply of care homes is lower than most other regions in the UK which is why it experiences such high average occupancy rates. This deal represented the opportunity to once again support a brilliant business and management team. This is a sector we understand and are keen to support more deals in, so it’s great to have a returning customer in the Care Concern Group.”