Partly Cloudy

Partly Cloudy

max temp: 4°C

min temp: 3°C

ESTD 1874 Search

Colchester/ Cambridge: Bourn Hall fertility clinc secures £3.5m investment to fund expansion

14:47 05 February 2014

The Bourn Hall clinic in  Colchester.

The Bourn Hall clinic in Colchester.

©Si Barber 2010. No Syndication. No useage in any media without direct permission of Si Barber

Fertility clinic company Bourn Hall has secured a £3.5million minority equity investment to support future expansion.

shares

The clinic, based at Bourn, near Cambridge, was founded by IVF pioneers Steptoe and Edwards following the birth of the world’s first “test tube” baby, Louise Brown, in 1978.

In recent years it has already added clinics in north Essex and Norfolk together with satellite centres in south Essex and Bedfordshire, making it the biggest provider of IVF services in the East of England.

The investment by Mobeus Equity Partners includes a commitment for “significant” follow-on fiancing to support further acquisition and partnership working with other IVF providers.

“Over the last four years we have established a network of new clinics and satellites that provide patients with personalised treatment programmes and excellent success rates, close to where they live,” said Mike Macnamee, chief executive of Bourn Hall.

“The funding will support the opening of further clinics by 2015 and will generate new jobs in these areas.”

Greg Blin from Mobeus Equity Partners said: “Bourn Hall has more than 30 years of experience in delivering fertility treatments. Its past performance and success in securing NHS contracts demonstrates that it has a winning formula that provides patient satisfaction. We are delighted to help make its services more widely accessible.”

Bourn Hall’s expansion began with the acquisition of the ISIS clinic in Colchester in 2009. A satellite centre was established in Wickford in 2012 and last year Bourn Hall opened a new clinic at Wymondham, near Norwich, and another satellite, in Luton.

Mobeus was advised by Baker Tilly and Mansfield Advisors while Bourn Hall was advised by Mills & Reeve and Peters Elworthy & Moore.

shares

0 comments

Kent Blaxill's Alpine cyclists, from left,  Kevin Pryke, James Park, Simon Blaxill and Jullian Wood, present a cheque for £2,000 to Phillip George of the Rob George Foundation.

Four managers from Colchester-based builders’ merchant chain Kent Blaxill have presented £2,000 to a local charity following a cycle ride in the Alps.

Film students at UCS in Ipswich.
Auditions are planned for actors to wanting take part in student films

Could you take a starring role in a student-produced film?

Giles Ellerton, from BT Group, David Bell, FSB Essex Chair, ECC Cllr Lady Patricia Newton, Caroline Thomas, from The Social Accelerators, ECC Cllr Kevin Bentley and Paul Pritchard, from Abacus Accountancy, gathered at to mark superfast broadband coverage achieved across Essex business parks.

A celebration to mark the successful roll-out of superfast broadband to business parks across Essex was held on Thursday.

The main terminal building at Stansted Airport

Budget airlines easyJet and Ryanair have each announced a new route from Stansted Airport.

James Cooper, centre, of Survey Solutions, with Robertt Mullins, left, and  Jeff Bate of East Anglian Land Surveys.
Photo: Paul Nixon

East Anglia’s largest independent firm of surveyors has consolidated its position with the purchase of another Suffolk-based business.

Most read

Fred Olsen Travel Sale

cover

Click here to view
the Fred Olsen
Travel Sale

View

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24