Experienced doctors purchase their first care home in Shropshire
Business partners, Dr Gaurav Chaudhary and Dr Rajni Singh have recently purchased Cliffdale Residential Care Home in Pontesbury, Shrewsbury with funding secured by specialist commercial finance broker, Christie Finance.
The 18th century, Grade II listed care home encompasses 23 bedrooms, 16 of which are en suite. The home specialises in caring for dementia patients aged 65 and above, enjoys a ‘Good’ CQC rating as of May 2016 and achieves consistently high occupancy rates.
Dr Chaudhary and Dr Singh are highly skilled individuals with an abundance of experience. Their aim is to deliver a first class service to the residents and families of Cliffdale. Dr Chaudhary currently works as a Senior Radiologist at New Cross Hospital in Wolverhampton, with previous experience working as a Locum Consultant at the Cumberland Infirmary. He qualified as a Bachelor of Medicine and Surgery in 1994 before proceeding to graduate with a master’s degree in Radiodiagnosis in 2001 in the Punjab.
Dr Singh is currently the manager at Sam Diagnostic Services Limited, owned by Dr Chaudhary. The experienced doctor qualified as a Bachelor of Medicine in 1994 in Chandigarh, India before going on to obtain a master’s degree in Punjab in 2000. Using her knowledge and experience, Dr Singh has worked as a lecturer and a consultant at CMC Ludhiana.
Stuart Pawelczyk, Director at Christie Finance worked with the duo to source a competitive deal for the purchase of their first care home and comments, “It has been incredibly exciting to support Dr Chaudhary and Dr Singh on the purchase of Cliffdale Residential Care Home. Both doctors are highly educated with varied medical backgrounds and possess the desired skills, acumen and experience to take on this established care home. They share equal history of working in a sector that is also regulated by the Care Quality Commission with transferable skills suitable for managing the business. I am sure they will be a huge success at Cliffdale.
“This sale showcases the importance of working closely with the lender to secure funding for a first time buyer, which can often be a difficult process without any previous direct sector experience.”