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Diagnostic Healthcare enjoys 400 per cent growth

Fund: Biomedical

Altrincham-based medical service provider Diagnostic Healthcare has quadrupled turnover since being backed by The North West Fund in 2013...

Since the firm's establishment in 2004, Diagnostic Healthcare has built a high reputation in the market, specialising in diagnostic services and treatments including MRI Ultrasound and Bone density scans, Health screening and Varicose Vein Treatments.

Following its funding back in 2013, the business has seen its turnover rise by 400 per cent. The £1 million funding from The North West Fund allowed the firm to prioritise the training and employment of new staff, and since then has increased its team to 160 people, branching out to over 75 sites across the UK.

Diagnostic Healthcare merged with Ultrasound Now in 2013, securing additional NHS contracts and new clients. With this merger, the business was able to expand further, while strengthening its clinical expertise and abilities. The company's plans for the future include maintaining high levels of organic growth and increasing the number of acquisitions it makes.

Liat Karni, CEO at Diagnostic Healthcare said, "It is very fulfilling to see the company's growth, transforming our vision into a reality. The investment helped us secure highly motivated people and technology kits that have contributed on a daily basis to the company's growth."

The medical sector is thriving at present, with many of the North West region's businesses making great progress. With these companies having access to funds, they are able to take up new opportunities in the sector, investing in the newest, most innovative pieces of technology.

 

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