The seven-figure funding which helped a Merseyside medical group expand its offering and improving services for patients has been revealed.
TCG Medical, which provides care for more than 75,000 patients across 11 GP practices in areas including Liverpool, Southport and the Wirral, purchased the premises at its Southport surgery, with support from Lloyds Bank.
The group received a seven-figure funding package, enabling it to buy the site of St Mark’s Medical Centre and Trinity Practice, a health centre and GP surgery the group has operated since 2016.
St Mark’s Medical Centre and Trinity Practice is based within a grade II-listed former Methodist church in Southport, dating back to 1901 when it was donated by Christiana Hartley, of the Hartley Jam Company.
TCG Medical has already begun plans to expand patient services and improve facilities at the medical centre this year.
This will include the addition of a number of new state-of-the-art treatment rooms and a minor surgery operating theatre, alongside an upgraded reception and waiting areas, and improvements to accessibility.
The group will also be investing in improved energy efficiency measures reducing the carbon footprint of the building.
TCG Medical, which was formed by a group of clinical and business leaders in 2013, employs more than 500 clinical, administrative and support staff.
Following the investment, the group is forecasting growth of 12% and the creation of six new clinical roles at St Mark’s Medical Centre and Trinity Practice.
Chief executive Eric Balki said: "Our patient’s interests are at the heart of everything we do and already the practice has been acknowledged as being outstanding in several areas by the CQC.
"The decision to purchase the premises at St Mark’s Medical Centre and Trinity Practice will allow us to continue catering to our growing patient list, while also upgrading our facilities and expanding our clinical resources.
"The support we’ve received from Lloyds Bank throughout this process has been phenomenal. Not only did the relationship team arrange a financing package that was exactly suited to our needs, they were also always on hand to act as a sounding board when we experienced challenges."
Ian Anderson, relationship manager at Lloyds Bank, added: "TCG Medical is an innovative medical group that places its patient’s needs first. By investing in the premises at St Mark’s Medical Centre and Trinity Practice, TCG Medical can ensure that people across the area will continue to receive the highest possible standard of care.
"Medical providers and GP surgeries remain central to the fight against Covid-19. It’s vital that they have the correct support in place to continue operating during these challenging times.
"That’s why we have specialist relationship managers who can provide the tailored guidance needed to enable healthcare businesses to prosper."
