OakNorth and Ortus partner to fund Macc Care’s next growth phase

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, and property lender, Ortus Secured Finance, have provided a loan to returning customer, Macc Care, the Birmingham-based care home provider.

Founded in 2004 Macc Care has grown to become one of the UK’s leading developer and provider of elderly care, with a strong presence across the West Midlands and wider central England.

The group specialises in residential, nursing, and dementia care for individuals aged 65 and above, delivering high-quality, person-centred support within modern, purpose-built, homes.

The loan will be used to refinance existing debt and support the group’s future growth.

The group’s properties are designed to meet the evolving needs of residents, with en-suite rooms, high-quality amenities, including salons, cinemas, activity spaces, and landscaped gardens, and strong transport connectivity to local communities.

Dr. Naz Nathani, Co-founder & CEO of Macc Group, commented on the transaction:

“At Macc Care, our mission is to deliver exceptional, compassionate care within thoughtfully designed, market-leading developments.

Each of our homes is carefully integrated into its local setting, creating vibrant community hubs where older people can thrive.

We’re also deeply grateful for the continued support from OakNorth and Ortus.

Their understanding of our sector and growth ambitions, combined with their ability to unlock value through bespoke debt structures, has been instrumental in enabling our expansion and innovation.”

Dale Cowdell, Director of Debt Finance at OakNorth, said: 

“We’ve supported Macc Care for several years and have seen first-hand the strength of its management team and the quality of its operations.

This latest transaction reflects our confidence in Macc Care’s long-term growth strategy and our ongoing commitment to backing experienced, mission-driven care operators across the UK.

With those currently living with dementia projected to surpass 1 million by 2030, there’s a clear and growing need for more high-quality, specialist care homes like those Macc Care provides.

Supporting the refinance of these four sites is therefore vital to ensuring that communities can continue to access the care infrastructure, they need in the years ahead.”

Jon Salisbury, CEO at Ortus Secured Finance, added: 

“We’re delighted to be involved in this transaction, supporting growth in such an important sector that provides vital services to local communities.

Macc Care is an excellent borrower with deep sector knowledge and a clear, well-balanced growth strategy, ambitious yet grounded in experience and quality.”

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