Initial investment: 29/07/2019
Sector: Health & Education
- Opened eight new clinics post our investment with further geographical expansion planned.
- Promoted the finance director to the position of CEO.
- Strengthened the existing management team through the recruitment of a new finance director, marketing director and deputy medical director.
Veincentre provides safe, affordable and convenient treatment in an area that lacks NHS funding. We are excited by the opportunity to invest in a business with significant growth potential, through organic growth at existing sites and the rollout of new clinics across the UK, supported by the large, growing, but fragmented market. We are also impressed by management’s reputation in the market and Veincentre’s focus on quality of care which is attractive to consultants who work as part of the group.
The Palatine Impact Fund, with its focus on positive social impact, is the perfect investment partner for our fast-growing business. With the help of the Palatine team, our aim to bring this specialist, yet affordable treatment to as many people as possible seems more achievable than ever. The work we do has become increasingly important following falling NHS funding in the sector, and now with the help of this investment, we will be able to offer a necessary social service where access might otherwise be scarce.