Refinancing of The Hospital Medical Group
Momentum Corporate Finance has advised The Hospital Medical Group on a refinancing and equity restructuring to enable it to continue its expansion plans. As part of the transaction new banking facilities were agreed with Barclays Bank.
Deal value
£30 million restructuring and £6 million refinance.
Client's view
Momentum Corporate Finance not only helped us to select and negotiate with our new funding partner but they provided invaluable strategic advice which will assist us in delivering further growth. We have asked the Momentum team to continue their involvement as we roll out our expansion plans.David Ross, Managing Director
Overview
Founded in 1992, The Hospital Medical Group is a
leading plastic and bariatric surgery group which has 16 clinics throughout the
UK and further clinics in Ireland and Spain. Most procedures are carried
out at the luxurious, state of the art, Dolan Park
hospital in Worcestershire.
Key features
- New banking facilities secured with Barclays Bank.
- Shareholding restructuring has allowed managing director David Ross to increase his shareholding and finance director Gerard Barnes to join the share register.
- Momentum's role with The Hospital Medical Group is set to continue with the provision of regular board input and advice.
For further information on The Hospital Medical Group, please visit their website at www.thehospitalgroup.org
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