Law firm Hill Dickinson has advised physio and podiatry services provider Primary Care Physio Limited (PCP) on a multi-million investment designed to drive growth and, in doing so, help alleviate pressure on the NHS’s primary healthcare market.
PCP was founded in 2020 by serial entrepreneurs Ryan Allen, Mohammed Nazir and Prof Gary Shuckford. It provides a fully managed first-contact musculoskeletal service to primary care networks (PCNs) in the UK and currently employs over 300 physiotherapists and podiatrists, freeing up GP capacity in the primary care sector.
The £8.25 million investment by BGF will support further growth of the business while continuing to help ease chronic GP shortages, growing musculoskeletal issues and an increasing emphasis on community-focused care.
Sandip Khroud, partner in Hill Dickinson’s Corporate team in Leeds, led on the provision of legal advice to PCP, together with legal director Rebecca Bennett and senior associate, Jessica Roberts.
Sandip Khroud said:
“We are pleased to have worked on a deal for a business that is already positively impacting the growing strain on GPs and primary care resources across the UK – and has the potential to do much more.
“BGF’s investment gives [PCP chief executive and co-founder] Ryan Allen and the team the resource it needs to significantly expand its provision.”
Ryan Allen said the legal advice provided by Hill Dickinson had helped ensure the deal completed smoothly, adding: “The opportunity for us to accelerate our growth plans for PCP via external investment was always the next logical move, but was nevertheless a big step to take. The team at Hill Dickinson worked alongside us every step of the way, helping us complete on the terms of BGF’s investment with confidence. We’re excited to see how PCP’s future unfolds.”
Jon Lowe, former CEO of Connect Health, will join the business as non-executive chair. Dean Barber will also join as chief financial officer.
