17 November 2015 - Foresight Group ("Foresight”) has invested £4.5 million to support growth of Hospital Services Limited ("HSL”) with funds from Foresight VCT, Foresight 2 VCT and Foresight 4 VCT.
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With offices in Belfast and Dublin, HSL distributes, installs and maintains high quality healthcare equipment from global partners such as Hologic, Fujifilm and Shimadzu, as well as providing associated consumables. HSL has particular strengths in the radiology, ophthalmic, endoscopy and surgical sectors.
Both Managing Director Dominic Walsh and incoming Chairman Christopher Langley invested alongside Foresight funds. Walsh is an experienced entrepreneur and has led several businesses as Managing Director. Christopher Langley has previously chaired a number of NHS Foundation Trusts and his most recent executive role was as CEO of Asteral Limited, a supplier of equipment and services to NHS acute hospitals.
The investment follows a period of solid growth for the business and the experienced management team is looking to continue to grow and diversify the business through delivery of a broader range of services to healthcare customers.
"We are excited to invest in Hospital Services Limited alongside the high calibre management team. The business has a strong market position in its chosen sectors and provides vital equipment and services to the healthcare sector. We look forward to working with management to further grow the business.”
Dominic Walsh, MD, Hospital Services Limited, commented:
"HSL is a wonderful business with a first class product portfolio supported by excellent staff in Belfast, Dublin and now in England. I am really looking forward to leading the business into this new era of its history.”
For more information contact Annabel Arrowsmith, Marketing Manager, Foresight Group. firstname.lastname@example.org /02036678179
About Foresight Group LLP ("Foresight”):
Foresight Group is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years.
Foresight has over £1.5 billion of Assets Under Management across a number of funds, including Listed companies, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
Foresight’s Private Equity team, comprising eleven investment professionals, invests between £1m and £5m in UK SMEs.
Foresight has offices in the UK, U.S. and Italy.