MHA wins vote of confidence from Barclays Commercial

Aug 12 2009 by Peter McCusker, The Journal

BARCLAYS Commercial Bank has provided £20m funding to MHA to enable the charity to expand its care services for older people.

MHA is a major provider of not-for-profit care homes, housing and support services for older people.

It currently operates 70 care homes throughout the UK – with seven sites in the North East – providing a mix of residential, nursing and specialist dementia care, as well as independent living properties and support services for over 12,500 older people.

Mark Bearcroft, healthcare relationship director with Barclays Commercial Bank, said: “We are delighted to help MHA to expand in line with its business ambitions which demonstrates Barclays Commercial Bank’s commitment to the long term funding and support of business in the healthcare market. MHA is a significant charitable care provider and I look forward to seeing the company go from strength to strength in the future.”

Paul Milner, finance director of MHA, said: “The financial backing from Barclays Commercial Bank underlines their confidence in our business model. The new funding will allow us to develop more care services and further improve our existing facilities for older people. Our long-term relationship with Barclays Commercial Bank and their “can do” approach is valued.”