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Connell C - LB Mar 2022

Wood Care Group completes refinance deal

Wood Care Group
From left: Scott Murcott, Montane Group, Andrew Wood, Jenny Wood and Tom Wood from Wood Care Group and David Booth from Montane Finance

Buxton, Derbyshire-based independent brokerage, Montane Finance, has provided Wood Care Group with a seven-figure refinance deal to support its growth, 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. This latest funding means Wood Care Group now operates five care homes offering 24-hour residential, nursing and dementia care. They 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.

Montane Group’s managing director Scott Murcott 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 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.”

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