HealthInvestor Power Fifty 2016
Date: 23 November 2016
Venue: 8 Northumberland, London, WC2N 5BY
The healthcare industry's most influential leaders
The growth company award 2013
No.1. - The Injury Care Clinics
With a stellar performance that saw adjusted EBITDA reach £8.5 million, growing at an annual rate of 72.3% in the three years to 31 May 2012, The Injury Care Clinics is a deserved winner of the inaugural Zolfo Cooper Growth Company Award.
The company was established in 1996 and has now developed into one of the largest independent providers of rehabilitation, triage and treatment services in the UK. Under its fast growing PhysioWorld brand, which was founded by Neil McDiarmid, former head physiotherapist at Birmingham City Football Club, it has the only truly national physiotherapy chain in the UK, with over 200 clinicians and over 100 clinics.
Having originally been set up to address the medico-legal marketplace, a change in strategic direction following the arrival of Nick Delaney as CEO in 2008 saw the company diversify vertically into the provision of clinical solutions and this has brought about obvious benefits and a period of considerable growth in both revenues and EBITDA.
Still privately owned, the company now treats over 100,000 people a year, delivering more than 500,000 sessions through its network of predominantly physiotherapists, but also osteopaths, chiropractors and psychologists. It has demonstrated an ability to adapt to the changing demands of the UK healthcare market by developing solutions to address specific needs and as a result is currently experiencing growth from both the public and private side of the business. It is certainly very well placed to benefit further from outsourcing of physiotherapy services by the NHS and with its national platform it will have considerable appeal to insurers, as demonstrated by last year’s partnership with Legal & General.
With further growth expected in the year to May 2013 we could well see The Injury Care Clinics making the Top 25 again next year.
The full report is available in the December/January magazine edition of HealthInvestor