The UK’s fastest growing private companies: Hot 100 2015 – (11) 3FiveTwo Medical
2 min read
26 June 2015
Belfast-based 3FiveTwo is a private healthcare group comprising GP services, dentistry and more, and growth has been aided by long NHS waiting lists.
Name: 3FiveTwo Medical
Industry/sector: Pharmaceuticals, medical and related services
Date founded: 2004
The boss: Mark Regan
Location: Northern Ireland
Latest turnover: £40.4m
Three-year compound growth rate (%): 67.24
Latest EBITDA: £3m
Private healthcare group 3FiveTwo Medical has been in operation since 2004. Running out of Belfast, the company boasts a network of healthcare professionals, clinics and hospitals and supports everything from private GP appointments, scans, dentistry, cosmetics, pregnancy, orthopaedics and more.
In June, the Northern Irish organisation revealed an ambitious £3 million investment strategy and the creation of 20 new jobs as part of plans to scale in 2015. Latest CAGR figures are 67.24 per cent and turnover is at £40.37 million, which has been supported by excessive demand and waiting lists in the public sector.
Elsewhere, £350,000 will go towards on a Bespoke Training Academy that will include a Cardiac Investigations Department and bespoke Outpatients Department.
“The NHS is struggling with demand and many people who previously would have been prepared to wait are realising it could be a year or more before they see a consultant or have surgery. Private treatment that gets them back to work and improves their quality of life sooner rather than much later is a good investment,” said business development director Mark Regan.
“Until now, local patients have either faced delays while waiting for a private slot in local NHS facilities or have had to travel to the Republic or GB for treatment. It will also increase our ability to attract patients from the Republic and beyond – in recent years, we have seen medical tourists from as far afield as Libya.”
Earlier in 2015, the company secured exposure from Made In Chelsea star Ollie Locke, who visited 3FiveTwo’s Chelsea Private clinic to promote fertility checks in young men. The company frequently makes the use of a blog to discuss key health issues, with everything from healthy hearts, pregnancy and sporting injuries covered.