Kingsbridge Healthcare Group secures funding from Santander UK
Medical and surgical services provider Kingsbridge Healthcare Group (KHG) has received a multimillion-pound funding package to support its expansion plans.
KHG is a private operator with hospitals in Northern Ireland and the Republic of Ireland.
Part of the funding supports KHG’s recent acquisition of Kingsbridge Private Hospital North West in Ballykelly, Northern Ireland. The company has also switched its day-to-day banking to Santander UK
KHG is expanding the patient facilities and services offered by its private hospitals in Belfast and Ballykelly to increase bed and theatre capacity and expand facilities and services.
At Kingsbridge Private Hospital in Belfast, a £6 million expansion project is under way to increase bed capacity by a third and to add a new ward, operating theatre and endoscopy suite. The upgrade will also enable the hospital to provide Northern Ireland’s first private intensive care unit, which is due to open shortly, and private cardiac surgery services. The upgrade should complete in early 2023 and builds on a decade of development work at the hospital, which currently has 22 in-patient beds, five day-beds and three operating theatres.
At Kingsbridge Private Hospital North West, which KHG acquired in June, a £3 million redevelopment project, due for completion in the middle of next year, is under way to modernise wards and facilities, and to develop new outpatient services and a laminar flow theatre. There are also plans to launch a private GP service operating five days a week. While this hospital will mirror many of the services and facilities offered by the Belfast hospital, the group plans to make Ballykelly hospital a centre for several surgical specialities including ENT, paediatrics and spinal surgery.
KHG was established in 2004 as 3fivetwo Healthcare. In addition to its hospitals in Northern Ireland, it also operates Kingsbridge Private Hospital Sligo in the Republic and has clinics with medical imaging and diagnostics services in Northern Ireland and the Republic, including the Letterkenny Clinic in County Donegal. The group also has a medical training academy, a plastic surgery company called Cosmetech, and an optical and hearing division.
Jeremy Macartney, group finance director at Kingsbridge Healthcare Group, said: “Santander UK’s support enables us to build on our existing services while delivering a wide range of specialisms that will significantly enhance choice for patients. We are committed to working in partnership with the Northern Ireland Executive to address waiting lists and this funding from Santander UK enables us to provide much needed bed and theatre capacity to help tackle this.”
Mark Robinson, relationship director at Santander UK, added: “We are pleased to support Kingsbridge Healthcare Group’s important work to expand its capacity to provide private healthcare to patients in Northern Ireland and the Republic of Ireland. We look forward to working with the Kingsbridge team over the years to come.”
Date published: December 14, 2021