A Nottingham physiotherapy firm has merged with David Lloyd Leisure Physiotherapy across the country to form Response Physiotherapy Group Ltd with the help of a £120,000 finance facility from Lloyds Bank Commercial Banking.
Response Physiotherapy is a private physiotherapy service with clients in the leisure, corporate and health sectors, including John Lewis, Santander and British Gas.
When the opportunity to merge with 13 David Lloyd Leisure Clubs was presented, the management team at Response Physiotherapy turned to Lloyds Bank for a loan to support the step.
The firm has now expanded from seven to twenty sites across the country, and is the largest provider of physiotherapy and rehabilitation services within David Lloyd Clubs. The deal is set to double the firm’s annual turnover.
To meet the increased demand for the services it provides, the company has doubled the number of people it employs to 30, seeing more clinicians work with customers across the full estate.
Martin Grieve, commercial and marketing director at Response Physiotherapy, said: “We have been working with local clinics and the David Lloyd Leisure Clubs in the East Midlands for a number of years. However, it’s always been an ambition to increase our presence at these health and wellness hotspots.
“Lloyds Bank has been extremely supportive of our business development plans, and provided useful guidance when looking to merge with a big brand like David Lloyd Leisure Clubs.”
Phill Bateman, relationship manager for healthcare SMEs at Lloyds Bank, said: “Response Physiotherapy is an ambitious firm that help many individuals across a number of sectors at nationwide locations.
“We are committed to supporting firms like this and offering specialist guidance in the healthcare space to help Britain prosper, which is why we’ve increased our net lending to SMEs by 29 per cent while the market contracted by 12 per cent.”