Monday, January 18, 2021

Leicester healthcare company secures significant finance facility

A Leicester healthcare company that provides products and technology to the NHS has secured a significant finance facility from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS).

The funding will support the business during the Coronavirus pandemic as it looks to meet increased demand from its customers.

Spirit Healthcare is part of Spirit Health Group with three divisions, including medicines optimisation, clinical services and digital, all focused on improving healthcare solutions for customers in the UK and worldwide.

The funding will support the business’s cash flow and operational mobilisation as it looks to embed the technology into NHS providers. Alongside CBILS funding, the company has also benefitted from an increased overdraft and trade limits from HSBC UK.

Chris Barker, CEO of Spirit Health Group, said: “Over the past few months we’ve seen a huge advance in the adoption of digital health technology across the health sector. We are now supporting thousands of patients and are expecting this number to keep growing.

“The additional support from HSBC UK has enabled us to meet this increased demand, provide more monitoring technology to the NHS and people with long term conditions, and given us the opportunity to accelerate the development of new features for the sector.”

Richard Parker, HSBC UK Relationship Director East Midlands Corporate Banking, added: “We were pleased to be able to provide funding and an increased facility to the team at Spirit Healthcare, who are providing such an important role in supporting healthcare professionals and their patients at this critical time.”

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