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.
Ravi Selliah, Director at Archers Healthcare, said: “We’ve been successfully operating our care facilities since 2006 and feel incredibly passionate about what we do. With seamless support from HSBC UK, we can now expand further by opening Grace Muriel later this year. This expansion will enable us to provide care for the elderly community of St. Albans while creating a large number of job opportunities.”
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.