The Novara Investments-owned aesthetic surgery hospital has refinanced its existing debt and equity structure.
Belfast-based Fitzwilliam Clinic has signed a £7 million refinancing package from HSBC UK. The funding will be used to buy out the remaining stake of previous partners in the business, solidifying the clinic’s ownership structure and enhancing its long-term growth prospects.
“This deal represents the next step on our journey to transform the clinic and its position in the Northern Irish healthcare industry. Our goal is to introduce new services in the next year that will bring new opportunities and jobs to the area,” said chief executive John Canacott.
The Belfast-based private hospital which was founded in 2004, specialises in cosmetic, plastic and reconstructive surgery for both private and NHS patients.
The funds will be used to re-invest in the clinic to expand the range of services available at the private hospital and in turn, create what the hospital calls a “significant number” of new jobs.
Additionally, the deal saw a refinance of existing debt and equity structure following the acquisition of the business by independent growth equity medical investor Novara Investments in 2023.
