BGF backs Leeds-headquartered Primary Care Physio in £8.25m investment
Monday 4th September 2023: Healthcare specialist, Primary Care Physio Limited (PCP), has announced an £8.25 million investment from one of the largest and most experienced growth capital investors in the UK and Ireland, BGF.
Founded in 2020 by Ryan Allen, Mohammed Nazir and Professor Gary Shuckford, PCP is a rapidly growing primary healthcare service which provides physiotherapists and podiatrists to Primary Care Networks (PCNs), freeing up GP capacity in the primary care sector. The company currently employs over 300 clinicians and is the largest ARRS service provider in the country.
The significant investment from BGF will allow the organisation to expand its services which are helping to alleviate some of the challenges facing GP practices, including chronic GP shortages, increasing numbers of patient presenting with musculoskeletal issues, and growing NHS waiting lists for patients waiting for elective surgery.
Commenting on the new investment, Ryan Allen, CEO at Primary Care Physio, said: “With a growing, ageing, and increasingly complex patient landscape, there is an unprecedented need for a flexible and fast musculoskeletal service that enables GP practices to continue to deliver best practice care. At PCP, we enable PCNs to meet their objectives.
“To achieve our wider strategic aims, we have decided to secure additional investment to enable us to accelerate the expansion of our services. The investment will allow us to build the resources needed to develop new services including, for example, pain management – which we believe will support our GP practice colleagues to manage MSK-related workload, expanding access and capacity.”
BGF’s 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 delighted 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. We look forward to partnering with Ryan and the wider PCP team as we continue to scale the business.”