Ulster Bank has agreed to provide finance in the way of €4m in finance for the acquisition of the Sancta Maria Nursing Home in Co. Westmeath.
Under the new ownership of Padraig O’Ceidigh, the former boss of Aer Arann, the nursing home has planning permission in place to expand to 70 beds and it is expected the facility will hire an additional 30 people, bring the total number hired at the facility to 80.
Padraig O’Ceidigh said: “This is a very exciting time for Sancta Maria. It has a track record of being run to a very high standard under the leadership of Brigid Moran and there is further opportunity for upgrading and expansion which will enhance the existing facilities and create additional capacity for the growing requirement in this area of nursing home care.”
Joe Bergin, Ulster Bank, added: “Ulster Bank is delighted to support its acquisition and expansion which will facilitate the demand for greater capacity. We have €1.9bn to lend to businesses this year and we’re pleased to be supporting businesses like this with exciting potential, that create jobs and support local communities.”