A provider of residential care for people with learning disabilities, mental health needs and acquired brain injuries has secured its financial future thanks to a refinancing deal.
Regard, which is headquartered in Kingston-upon-Thames and operates more than 120 sites providing services for about 700 people, is now backed by Australian bank Macquarie and Swiss investment firm Montreux Capital Management.
For the past 7 years Regard was backed by private equity firm MML Capital Partners LLP. During this period there has been also major investment in staff training and specialist services, such as a Positive Behavioural Support Service with specialist behavioural and psychologist consultants, and the creation of a team that specialises in giving advice on disability benefits.
Regard’s chief executive officer, Sandie Foxall-Smith said: “The refinancing provides security for those in our residential services and supported living services throughout the UK. It will also provide the depth of backing we need to carry out our plans to expand our services.
“At the heart of everything we do is caring for people. They need to be cared for in the right environment and the refinancing process will enable the company to continue to invest in our existing properties and also acquire new services. Our new financial position will also enable us to bring other care initiatives to fruition.”
“Our recent innovations of Outcomes With Learnings (OWL) centres, which provide day activities for people with learning difficulties and our innovative ‘My Home’ units which empower some of the most vulnerable in our society to have a home of their own are major steps towards changing the way care is provided in the UK.”