Ulster Bank supports Westmeath nursing home acquisition with €4million deal
Published 03/09/2015 | 16:39
Sancta Maria Nursing Home to expand capacity by 40%
Ulster Bank has agreed a deal worth €4million for the acquisition and expansion of the Sancta Maria Nursing Home in Westmeath. Under the new ownership of Padraig O’Ceidigh, the nursing home has full planning permission in place to expand by almost 40%, from 44 to 70 beds; all 26 new bedrooms will be fitted out with en-suite. As a result the number of staff will need to grow to 80, creating 30 new jobs in the Westmeath area.
Situated on the Edenderry – Kinnegad Road in Kinnegad, the nursing home has full planning permission for the expansion. It offers long term, nursing, respite, convalescent, dementia, palliative, step down and day care to its patients and also provides additional services through GMS or privately at additional costs to residents. Sancta Maria also offers overnight accommodation for visitors.
Padraig O’Ceidigh, owner of Sancta Maria Nursing Home 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 for nursing home care. I am delighted that we are in a position to move ahead with this expansion, bringing both jobs and additional facilities to Kinnegad.”
Joe Bergin, Ulster Bank’s Relationship Manager in Region West said: “Sancta Maria Nursing Home is a well-regarded and solidly run facility. Ulster Bank is delighted to support its acquisition and expansion which will facilitate the demand for greater capacity. We have €1.9billion 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.”