Bank of Ireland allocates €300 million to fund investment in Long-Term Care Sector
Bank of Ireland hosted a business briefing, Scaling and Growing your Long-Term Care Business, today for over 220 nursing home owners, long-term care providers and intermediaries. Over the past 18 months Bank of Ireland has approved over €150 million in funding for the long-term care sector and has allocated a further €300 million for further sector investment.
Addressing attendees, Liam McLoughlin, Chief Executive, Retail Ireland, Bank of Ireland said: “Bank of Ireland is Ireland’s largest lender, and is the leading lender to the Irish healthcare sector. In the last 18 months we have approved over €150 million in funding for the long-term care sector and have allocated a further €300 million to support continued growth and investment. We have a strong Sectors Team with unrivalled business and banking experience to add value and provide solutions for our business customers’ needs. This includes working with the sector to grow and develop your business and hosting events such as today’s briefing to share information and provide networking opportunities.”
Hilary Coates, Head of Health Sector, Bank of Ireland outlined the opportunities for growth and scale in the sector, demand and supply issues and combining business and care models. Speaking at the briefing, she said: “At Bank of Ireland, we understand that a nursing home is more than just a business and the vital role that nursing homes operators and home care providers play in the continuum of care for our ageing population. The knowledge and experience of operators and providers and their staff is key to meeting standards and delivering high quality care. Our in-depth understanding of the long – term care is informed by sectoral specialist expertise, our banking experience and our local relationships with customers and we look forward to supporting businesses in achieving growth while continuing to provide quality care.”
The event, which took place in Croke Park, featured a panel discussion on the topic of Scaling and Growing your Long-Term Care Business covered the areas of funding, the EII scheme, recruiting and retaining staff and planning for growth. The panellists were Keith Robinson, Director, Nursing Homes Ireland (NHI) and CEO Trinity Care; Brian Crowley, Chief Executive, TTM Careers; Conor McKeon, Head of Corporate Finance, Cantor Fitzgerald Ireland Ltd, Barry Heraty, Head of Transaction Support, Bank of Ireland, and Bernard Walsh, Head of Pensions and Investments, Bank of Ireland Life.