Following its funding from The North West Fund back in 2013, the business has seen its turnover rise by 400 per cent.
Liat Karni, managing director of Diagnostic Healthcare
Medical service provider Diagnostic Healthcare has quadrupled turnover since being backed by The North West Fund.
Since the firm’s establishment in 2004, Altrincham-based Diagnostic Healthcare, which specialises in diagnostic services and treatments including MRI/CT scans, ultrasound scans, bone density scans, health screening and varicose vein treatments, has gone from strength to strength.
Following its funding back in 2013, the business has seen its turnover rise by 400 per cent.
The £1m funding from The North West Fund allowed the firm to prioritise the training and employment of new staff, and since then has increased its number of staff to 150 people, branching out to over 60 sites across the UK.
Diagnostic Healthcare merged with Ultrasound Now in 2011, securing additional NHS contracts and new clients.
With this merger, the business was able to expand further, while strengthening its clinical expertise and abilities. The company’s plans for the future include maintaining high levels of organic growth and increase the number of acquisitions it makes.
Dr Marc d’Abbadie, investment director at Spark Impact, which manages The North West Fund, said: “It is great to see our portfolio companies making such great leaps forward. Diagnostic Healthcare has demonstrated huge growth potential, both organically and through acquisition, so it is no surprise that the business is performing strongly.
“The medical sector is thriving at present, with many of the North West region’s businesses making great progress. With these companies having access to funds, they are able to take up new opportunities in the sector, investing in the newest, most innovative pieces of technology.”
Liat Karni, CEO at Diagnostic Healthcare said: “It is very fulfilling to see the company’s growth, transforming our vision into a reality. The investment helped us secure highly motivated people and technology kits that have contributed on a daily basis to the company’s growth.”