CHS Healthcare has received a £10 million investment from Business Growth Fund (BGF), a major investor in British businesses.
BGF are the most active investor in small and medium sized businesses, supporting growth across all sectors and all regions in Britain and Ireland.
The funding will be used to expand CHS Healthcare infrastructure and operations, supporting the provision of services to the NHS nationwide. We currently contract with more than 60 NHS services, including 28 in-house hospital discharge schemes.
Dr Richard Newland, chief executive of CHS Healthcare said: “BGF’s decision to invest in CHS Healthcare is a huge endorsement of our company and all the work we do.
“We can feel very proud of everything we have achieved: we are the leading provider of hospital discharge services in the country and the largest resource of expertise in continuing healthcare, working nationwide.”
BGF is backed by British banks and is wholly focused on supporting small and medium sized British and Irish businesses, making long term investments and not taking a controlling share of companies.
Dr Richard Newland 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, investor, 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.”