5th September 2023
Specialist lawyers at Walker Morris have advised growth capital investor, BGF, on its £8.25 million investment in the Leeds-headquartered healthcare specialist, Primary Care Physio Ltd (PCP).
Founded in 2020 by Ryan Allen, Mohammed Nazir and Professor Gary Shuckford, PCP is a primary healthcare service which provides physiotherapists and podiatrists to Primary Care Networks, freeing up GP capacity in the primary care sector. The company currently employs over 300 clinicians.
The backing from BGF will allow the business to execute a growth strategy, while helping to alleviate some of the challenges facing the primary healthcare market, including chronic GP shortages, growing musculoskeletal issues, and an increasing emphasis on community-focused care.
The deal was led by Chris Boyes and James Baker, investors in BGF’s Yorkshire team.
Chris Boyes said:
“PCP is an exciting and rapidly expanding business in a sector with significant potential, led by a highly experienced management team, with strength and depth in the primary care market.
“We’re pleased to be supporting PCP’s ambitious growth plan, as it looks to continue to deliver best in class solutions and outcomes.
“As the primary care market continues to recover from the pandemic, PCP is well placed to maintain its rapid growth, supporting the delivery of patient outcomes.”
Thomas Mieszkowski, Corporate Partner added:
“We’re pleased to have supported the BGF team of Chris Boyes and James Baker on the PCP investment. We look forward to seeing PCP enjoy continued growth and success in the coming years.”