IW Capital today announces the completion of a £2 million investment in primary health solutions provider GPDQ.
GPDQ delivers a multi-channel doctor-on-demand service, using its technology platform to connect its network of clinicians with both NHS and private patients through home visits, in-clinic or via video.
The investment from private equity specialists IW Capital will be used to secure a leading position in the market working with the NHS, employers and insurers by bolstering sales and account management, generating leads through increased marketing activity and the evolution of the technology platform.
GPDQ has recently set up dedicated Covid-19 visiting services in partnership with GP federations and clinical commissioning groups to support the most vulnerable patients at home. GPDQ’s remote services can also be accessed by 6,500 NHS GP practices via the iPLATO platform, enabling portfolio GPs and doctors in self-isolation to continue to see patients on the front line.
Luke Davis, IW Capital chief executive, said: “The investment also shows the importance of private investors in growing businesses that can have an impact on national and global issues such as COVID-19. As investment providers we have a duty to offer these opportunities to investors but also to make sure that innovative SMEs get the funding required to grow.”
Paul Roberts, CEO of GPDQ, said: “This £2m Series A investment will bolster GPDQ’s ability to deliver at scale as it supports the NHS, employers and insurers in getting the UK safely back to normality in the wake of Covid-19.
“Remobilising the workforce following lockdown will be an enormous challenge for all employers, and our market leading solution provides the necessary clinical guidance and support for them to do that. Meanwhile our community visiting services will ensure that those most at risk, including those in care homes are not left behind and forgotten.”
Date published: April 24, 2020