Bishop Fleming advises on £18.2m funding package for care home

Hoama Group, who currently operates Iden Manor Nursing Home a 51-bed Nursing home in Kent, has successful secured an £18.2m funding package with Cynergy Bank to support the development of Meadow View Care & Living, a 70-bed care community in Kent.

The funding marks a significant milestone for Hoama Group, enabling its transition into a multi-home operator and providing a strong platform for future growth.

Umbreen David, Managing Director at Hoama Group, said:

“Securing this funding is a significant milestone for Hoama Group and allows us to bring Meadow View Care & Living to life. Our ambition is to create a new generation of care, bringing together communities designed around the people who will live there, with specialist provision where we know there is unmet need, including our dedicated Harmony BSL Community for older Deaf people whose first or preferred language is British Sign Language.

Bishop Fleming provided valuable support throughout the process. Their commercial insight, responsiveness and hands-on approach helped us navigate the transaction and secure the right funding package to take Meadow View forward.”

David Lock, Partner and Head of Funding Advisory, said:

“We are delighted to have supported Umbreen and the Hoama Group team on this transaction, which represents an important milestone in the group's long-term growth strategy.

The development of Meadow View Care & Living will significantly enhance the group's care offering, and we look forward to seeing the business continue to grow and succeed in the years ahead."

Simon Vallance, Relationship Director at Cynergy Bank, said:

"We’re delighted to support Hoama Group as it embarks on this exciting next stage of growth. Meadow View Care & Living is an ambitious development that will bring much-needed, high-quality care provision to the local community, including specialist support for older deaf people through the Harmony BSL Community.

“It was a pleasure to work with Umbreen and her team to provide the funding needed to turn their vision into reality and support their transition into a multi-home operator. We look forward to seeing the positive impact Meadow View will have for residents, families and the wider community in the years ahead."

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