H.I.G. Bayside has refinanced UK care provider Lifeways with a £90 million unitranche facility that consolidates senior and junior debt layers into a single package. The deal reflects growing appetite for social care assets in European mid-market private equity, where demographics and statutory funding commitments continue to attract capital.

Lifeways operates roughly 1,100 locations serving more than 4,000 users with learning disabilities, autism, mental health conditions, and physical disabilities. Managing Director Mathilde Malezieux called it a high-quality, resilient provider with strong EBITDA growth driven by operational transformation and improved governance under CEO Andrea Kinkade.

The refinancing positions Lifeways to invest further in supported living capacity and operational infrastructure. Social care financing has become one of the most actively traded healthcare categories in European mid-market PE, fueled by a long tail of sub-scale operators ripe for consolidation.