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The London Clinic secures £65m credit facility

Private hospital provider The London Clinic has secured a £65 million revolving credit facility from HSBC, replacing an existing facility with the bank.

The credit facility will reach maturity in 2020.

The London Clinic will use the funding to increase theatre capacity, boost technology investment and renovate radiology and intensive care facilities.

Simon Reiter, chief financial officer at The London Clinic, said: "With the latest funding from HSBC, we can continue to develop our world-class facilities to ensure that we are able to offer our patients the latest, most reliable treatment technology."

Dan Howlett, HSBC’s UK head of large corporate banking, said: "Low interest rates and growth in the economy are creating a great environment for organisations such as The London Clinic to invest in their future. This is a sector in which the UK is truly market leading and The London Clinic is an example of this global excellence."

Founded in 1932, The London Clinic is based on Marylebone Road and has 250 beds, 17 theatres and an intensive care unit.

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Posted on: 05/11/2015

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