Healthcare provider expands operations after £10m funding deal
A West Midlands firms supplying specialist services for the NHS is expanding operations after securing a £10m funding deal.
Sutton Coldfield-based CHS Healthcare has been backed by BGF and the funding will be used to expand its infrastructure and operations, supporting the provision of services to the NHS nationwide.
Dr Richard Newland established CHS Healthcare in 1995 while working as a GP. He recognised that families needed more support and expert advice when choosing a care home.
The company was developed to provide free, expert advice to families and the value of this work was quickly recognised, building partnerships with hospitals and care homes throughout Birmingham and the wider Midlands.
Today, CHS Healthcare employs more than 300 people nationwide, contracting with more than 60 NHS hospitals and clinical commissioning groups from the south coast and London, up to the north of England.
The company also specialises in arranging packages of care enabling people to return to their own home, as well as supporting people who need to choose and move into a care home.
The work of CHS Healthcare plays a critical role in reducing delays to hospital discharge, one of the most pressing challenges for the NHS. Delays often occur because although patients are medically fit to leave hospital, they are unable to do so because of delays in choosing a care home or in arranging care in their own home. CHS Healthcare is the country’s leading provider in hospital discharge services.
CHS Healthcare is also the leading independent resource in NHS continuing healthcare, working in all four English regions and providing full services in some localities.
Dr Richard Newland, CEO, CHS Healthcare said: “We are absolutely delighted to embark on this partnership with BGF, who recognise the strengths of our business with this investment and equally, bring the highest calibre of business expertise to support the work we do.”
Gurinder Sunner, BGF said: “CHS Healthcare has developed excellent relationships with its customers by focusing on quality of delivery and care and operational efficiency. We are pleased to be supporting Richard and the wider team as they continue to grow the business and their services across the UK.”
The investment was led for BGF by Gurinder Sunner, James Syrotiuk and Chris Nixon.
Advisors to the transaction were:
For BGF: Gateley (Legals), Claritas (Tax), Secantor (Nigel Bacon – FDD)
For CHS: KPMG (Corporate Finance, Tax and Legals).