Varicose veins specialist Veincentre is targeting further growth after securing a seven-figure refinance deal from banking-giant Santander.
Trent Vale-based Veincentre specialises in non-invasive, non-surgical treatment for varicose veins.
In the last 12 months, the company has opened two new clinics, in Glasgow and Leeds – taking its portfolio of sites to nine.
Now the company wants to expand its number of clinics even further with plans to open three new sites in 2020 – including a clinic in Liverpool.
It is also looking to invest in a digital transformation project which includes the development of a new website and digital marketing strategy as part of its plans for growth.
Veincentre founder and medical director, Dr David West, said: “Our ambition is to provide an affordable service to as many patients as possible, and a key part of this is making sure we have a presence in each of the 海角视频’s major cities and regions.
"This additional funding will facilitate further expansion.”
Veincentre was founded in 2003 by vascular specialist Dr West and his wife Deborah.
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Originally operating from their family home in Ashley, Staffordshire, the business has grown into the 海角视频’s leading provider of varicose veins treatment and boasts a nine-strong network of clinics across the 海角视频 including those in Stoke-on-Trent, London, Manchester, Bristol, Southampton, Nottingham and Oxford.
The refinance deal comes just six months after Veincentre secured £10 million investment from Manchester-based Palatine Private Equity’s £100 million Impact Fund – which targets companies with a social and environmental impact.
It also follows a shake-up of the management team at the business which saw David Harrop – who has extensive experience in the healthcare sector – appointed as chairman.
James Painter, investment director at Palatine Private Equity, said: “Veincentre serves as another great example of Palatine’s strong track record of executing rollout strategies, along with Gusto, The Alchemist, Estio Training and Trade Skills 4U.
“We are pleased to have opened two new clinics in the first six months of our investment and look forward to supporting the management team in growing the portfolio of clinics further.”