Growth equity investor Gresham House Ventures has invested £5 million in eConsult Health, an online consultation provider for primary care.
eConsult stated it will use the investment to continue providing digital triage services in GP surgeries and for the continued roll-out of its secondary care digital triage platform.
Gresham House Ventures’ investment director, Henry Alty, said: “At such a crucial moment for healthcare provision, funding the right businesses in this space is more important than ever. Founded by four innovative GP partners in South London, the eConsult platform has already proven the power of its technology, as the most widely used digital consultation solution and the first choice for NHS GP surgeries.
“By expanding its services to cover secondary as well as primary care, eConsult Health has the potential to go even further and completely revolutionise healthcare provision in the UK, improving outcomes while at the same time driving effectiveness. We are very excited to work alongside an extremely knowledgeable management team and further improve their current platform.”
Dr Murray Ellender, chief executive of eConsult Health, added: “This funding will help us keep pace with the product development we need to support cutting-edge health technology across both primary and secondary care. NHS patients deserve an excellent digital experience when interacting with the health service and we now look forward to delivering the transformation needed at pace.”
Diligence providers were Candesic (commercial DD), Azets (financial DD), Rich Kershaw (tech DD), Sales Forensics (sales DD), DSG-B2B (marketing DD) and Confidas People (management and organisational referencing). Investor legal advice was provided by Shoosmiths.
eConsult Health was advised by Anthem Corporate Finance and Ashfords.
Date published: October 8, 2020