Nursing and care staff firm wins funding to expand and take on staff

One of the North East’s largest nursing and care staff companies has secured a six-figure funding package to expand its operations.

Gosforth-based Primary Care Recruitment will use the funding as working capital and to expand its operations, both in terms of its own workforce, but also the number of permanent and temporary health and social care professionals it places with its clients.

The funding will be deployed immediately to support the UK’s battle against the COVID-19 outbreak as the company works closely with clients to provide key personnel.

The company currently employs a team 18 of care industry specialists and work with a range of NHS organisations, as well as the private healthcare sector, learning disability charities and nursing homes.

The business also delivers a range of specialist training services delivered by two experienced, qualified trainers who have extensive experience in nursing, health and social care.

Founded 28 years ago by registered general nurse Joanne Wood and her husband Brad, Primary Care Recruitment has a turnover of around £6.7m with an EBITDA of £1.3m.

Support in securing the funding was provided by RG Corporate Finance (RGCF), led by partner and head of corporate finance Carl Swansbury, alongside James Clingham from business brokers TPB.

Mrs Wood said: “We have built a robust and dynamic business, which can quickly respond to the complex, ever-changing needs of the healthcare industry.

“This funding package will be integral to help us further scale the business, but also rapidly increase our operations to support the current Coronavirus situation.

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“The support we have received from RGCF and TPB has been invaluable in helping us secure this funding, which will enable us to increase our workforce, but also the support we are able to give to our clients.”

Mr Swansbury said: “Primary Care Recruitment has a proven track record and an excellent reputation, playing a crucial role in supporting the vital health and social care sectors.

“We are proud to have worked with Joanne and her team to secure this funding to enable the further growth of Primary Care Recruitment and the services it provides to its clients.”

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