With support from Lloyds Bank Commercial Banking My Health Clinic, a Gosforth-based independent healthcare provider, is set to add new services, develop its premises and grow its workforce after doubling its turnover from private patients in 2018.
The parent company, Minor Ops Ltd, was founded in 2007 and offers a range of medical services including ophthalmology, audiology and podiatry to NHS patients, as well as to private patients under the ‘My Health Clinic’ brand.
In the year to November 2018, the business has increased its revenue from private patients by 133%.
My Health Clinic’s bumper year has been supported by its acquisition of a new 3800 square foot clinic on Great North Road, Gosforth, which was purchased in October 2017 with the help of a six-figure funding package from Lloyds Bank Commercial Banking.
My Health Clinic is now set to add a surgical theatre suite – including an anaesthetic room, scrub room, operating theatre and recovery bay – and three new clinic rooms to the site by the end of 2019.
It is also planning to open a pain clinic on the premises, and will welcome a new consultant plastic surgeon in April to enable My Health Clinic to offer cosmetic surgery options.
The company has a team of 10 consultants and 25 nurses, who treat patients at the firm’s Gosforth site, the Sunderland Eye Infirmary, and through clinics at GP surgeries and health centres across the North East.
Ophthalmology comprises the largest proportion of the firm’s treatments, with the business standing as the largest independent ophthalmology clinic in the North East of England by number of consultants.
Rob Boyce, managing director, Minor Ops, said: “While we’ve been working with our partners in the NHS for more than a decade, we only began offering private services 18 months ago as a way to help diversify our business. It’s since become the fastest growing part of our company.
“We started out offering private services through a rented clinic space, but it soon became clear that we needed our own site.
“Having our own space has meant we can now combine all of our services under one roof, and provide space for our administrative functions. It’s also given us room to physically expand and add new services, as well as boosting the number of cross-referrals between the different elements of the business.”
Stuart Harper, relationship director, Lloyds Bank Commercial Banking, said: “My Health Clinic offers trusted treatment options for private procedures and provides valuable support to our local NHS services, helping ensure patients in the local community are treated as quickly as possible.
“The firm’s new clinic has enabled it to develop its range of services and further the outstanding quality of care it offers to its patients.
“The healthcare sector continues to play a significant role in the North East’s economy. Offering expert advice and tailored funding to local providers like My Health Clinic through our network of dedicated healthcare relationship managers is all a part of our commitment to helping Britain prosper.”