Vanguard Healthcare Solutions has raised £16.5 million in a debt refinancing deal with high street bank, AIB.
The company provides additional capacity via mobile surgical facilities – including operating theatres, endoscopy suites, mobile wards, and clinics – to the NHS and private healthcare providers in the UK and abroad. Performing strongly throughout the past decade, with agrowing fleet of 40 units, Vanguard has been financially backed by MML Capital since April 2009, when it underwent a management buyout from Nuffield Health. The refinancing of the existing senior debt and MML Capital’s mezzanine facilities will significantly reduce the company’s cost of capital, and decrease annual debt service by almost £2 million, also enabling investment in new units and services.
Ian Gillespie (pictured), Vanguard Healthcare’s CEO, said: “This deal is great news for the business, giving us the freedom to invest more in our fleet, and further develop our business at acrucial time for the UK health service.
