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LNT Group chief executive looks to the future after £100m deal

Handshake - LNT Group interviewed in Health Investor - SantanderCB

Matt Lowe, Chief Executive of LNT Group, is interviewed in Health Investor. He tells the publication that the sale of 24 facilities from the group's care home division Ideal Carehomes to Anchor for over £100m has left the division debt free. 'That leaves us more time to focus on the quality of the operation and less of our board time on delivering financial information,' he explains. It also gives the company greater flexibility according to Lowe, as they will be able to carry out tasks when they want without worrying how it will affect reporting for a certain quarter. LNT made headlines last year when it secured a £30m committed debt facility for four-and-a-half years from Omni Capital. 'Our track record is one of innovative funding,' Lowe says. While the group's business bank accounts and overdraft were moved over to Metro Bank last year, he is also a fan of Santander, with whom the group still has a relationship.

 

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