Primary Care Physio Limited (PCP), a healthcare specialist, has successfully secured an impressive £8.25 million investment from BGF. This remarkable development comes as PCP, founded in 2020 by Ryan Allen, Mohammed Nazir, and Professor Gary Shuckford, experiences rapid growth in the primary healthcare service sector. The company’s primary focus is to provide highly skilled physiotherapists and podiatrists to Primary Care Networks (PCNs), effectively relieving the burden on GP capacity in the primary care sector. Presently, PCP boasts a workforce of over 300 clinicians.
This substantial investment from BGF will empower PCP to implement its ambitious growth strategy while addressing some of the pressing challenges faced by the primary healthcare market, which include chronic shortages of GPs, escalating musculoskeletal issues, and an increased emphasis on community-oriented care. To further strengthen PCP’s leadership, Jon Lowe, former CEO of Connect Health, will join the team as non-executive chair. Additionally, Dean Barber will assume the role of chief financial officer.
Expressing his enthusiasm, Ryan Allen, the CEO of Primary Care Physio, stated, “In light of a growing, aging, and increasingly complex patient population, there is an unprecedented demand for a flexible and efficient musculoskeletal platform that enables GP practices to provide optimal care. PCP is dedicated to aiding PCNs in achieving their objectives.”
Allen added, “In order to accomplish our broader strategic goals, we sought an investment partner that recognizes not only our business’s immense potential but also the vast opportunities in the overall market.”
“We also desired to collaborate with an investor capable of adopting a patient and long-term perspective while possessing a proven track record of assisting businesses in capitalizing on future prospects. BGF excels in these areas, and we are thrilled to be partnering with their accomplished team, who we believe will add value going beyond the investment.”
This deal was successfully led by Chris Boyes and James Baker, esteemed investors from BGF’s Yorkshire team. Reflecting on PCP’s promising prospects, Boyes stated, “PCP is an exciting and fast-growing business in a sector brimming with potential. The company is under the exemplary leadership of an experienced management team with profound expertise in the primary care market.”
Boyes further elaborated, “We are delighted to support PCP’s ambitious growth plan as it strives to consistently deliver top-tier solutions and outcomes. With the primary care market rebounding from the effects of the pandemic, PCP is poised to sustain its rapid expansion, thereby facilitating the delivery of optimum patient outcomes.”
He concluded, “We eagerly anticipate collaborating with Ryan and the wider PCP team as we continue to scale the business in the future.”
