Foresight Invests £5m into Northern Ireland’s Largest Private Healthcare Company
- On April 23, 2019
- By GrowthInvest Admin
Foresight Group has made a £5m growth capital investment into Northern Ireland’s largest private healthcare business, 3fivetwo Medical Group.
The investment was made via a new fund managed by Foresight in partnership with 57 Stars, dedicated to investing in businesses with the potential to boost the economy of Northern Ireland.
Founded in 2004 by NHS Consultant Obstetrician and Gynaecologist Suresh Tharma, 3fivetwo began by providing services such as health screening, 3D obstetrics and gynaecology scanning. The company comprises principally of two private hospitals located in Belfast in Northern Ireland and Sligo in the Republic of Ireland.
The investment from Foresight will be used to increase theatre and ward capacity at both facilities, with a conversion of the theatres and a six-bed extension to the main wards planned to commence in 2019.
Senior Investment Manager, Chris Wardle, said: “3fivetwo has a unique proposition and the directors have proven their ability to identify and address exciting opportunities, while improving thousands of lives. Foresight has a long history of investing in the UK and Ireland, supporting hundreds of SMEs to achieve ambitious goals.”
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