DEMENTIA NURSING HOME REOPENS FOLLOWING SUPPORT FROM HSBC UK

Seven-figure funding package allows care-home to reopen its doors for first time since pandemic
A St. Albans nursing home which specialises in caring for dementia patients is set to reopen in October following a seven-figure funding package from HSBC UK.
Archers Healthcare, which operates care homes around the UK, has used funding from the bank to reopen and refurbish the Grace Muriel nursing home. The care home will provide care for a total of 36 patients and will be accepting applications in August this year.
The home, which was previously ran by Abbeyfield St Albans Society, closed down in 2020 due to staff shortages, caused by the pandemic.
In addition, Archers Healthcare will create a total of 55 new jobs for the local area, with a mix of full-time and part-time roles available. The company also expects to begin its recruitment process in August.

Partho Bose, Relationship Director at HSBC UK, added: “It has been a pleasure to help Archers Healthcare continue their expansion plans and deliver much needed care home places for the community.”
Archers Healthcare, which already operates two other care homes in the UK, also used some of the funding to refinance the extra homes in Norfolk and Essex, helping the business keep up its high standards of care.