Primary Care Physio Ltd Has Secured an £8.25 Million Investment from BGF
Tax Advisory Partnership advised venture capital firm BGF on its issuing of an £8.25 million investment to Leeds-based healthcare specialist Primary Care Physio Ltd (PCP) in order to enact its growth strategy.
Walker Morris also advised BGF, while Hill Dickinson advised PCP.
PCP provides physiotherapists and podiatrists to primary care networks, which frees up GP capacity in the primary care sector. The firm was founded in 2020 and now employs more than 300 clinicians. By securing the investment from BGF, PCP will further its growth plans and help to alleviate some of the most pressing challenges facing the primary healthcare market, such as GP shortages, a backlog of musculoskeletal issues and a growing emphasis on community-focused care.
The investment will see former Connect Health CEO Jon Lowe join the business as non-executive chair. Dean Barber will also join as chief financial officer.
Tax Advisory Partnership advised BGF on tax matters with a team led by partner Russ Cahill and corporate tax senior manager Toyan Williams.