Foresight VCTs invest in HomeLink’s innovative healthcare solution
by Startacus Admin
HomeLink Healthcare secures investment to support further growth and scaling of its Hospital-at-Home and Virtual Ward services.
Foresight Group LLP, a leading listed infrastructure and SME investment manager, has just announced details of a £2.15m investment into HomeLink Healthcare Limited to further support the company’s growth.
Formed in 2015, HomeLink has provided “hospital-at-home” services since 2018. The company employs highly qualified and experienced nurses and rehabilitation teams to support the NHS - by providing services to patients in their own homes. These services deliver a range of clinical interventions, including wound care, intravenous therapies, physiotherapy, and rehabilitation. It has also expanded into the rapidly growing remote monitoring practice and offers a “virtual ward” solution.
Bed-blocking is an endemic issue across the NHS with significant delays in the discharge of patients and increasing hospital admissions due to a lack of viable alternatives. This is exacerbated by demographic shifts and the pandemic. HomeLink relieves these pressures by freeing up vital hospital bed space, providing a better experience for patients at home, reducing hospital admissions, and facilitating the efficient discharge of patients.
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The funding it has secured will support the scaling of the business by expanding the clinical team, allowing HomeLink to meet the demands of clients and prospects. It will invest in supportive technologies, plans to expand outside its current geography into new hospitals and regions and also plans to explore additional treatment pathways and grow its “virtual ward” offering.
Foresight is one of the UK’s most active investors in smaller companies. For close to four decades, it has supported nearly 300 smaller companies through various economic cycles.
Commenting on the investment, Jill Ireland, CEO and Clinical Director of HomeLink Healthcare, said: “We are delighted to be working with Foresight; their investment will create opportunities and allow development into new services and territories. It will also enable HomeLink to extend innovative clinical home care services.”
Nick Mettyear, Senior Investment Manager at Foresight, added: “We are excited to be supporting HomeLink on the next phase of its growth journey. HomeLink’s quality of care is of the highest standard and provides patients with an improved service in the familiar surroundings of their own home. The team is well placed to provide mission-critical services to the NHS and help ease existing pressures in the NHS that have been exacerbated by the pandemic.”
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Published on: 20th April 2022
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