Physio snapped up by national group
A Newcastle physiotherapy has been acquired by a national group.
Gateshead-based Therapy Direct Healthcare provides a range of private physiotherapy, occupational physiotherapy and corporate services.
Managing director Ross Tomkins said: “We’re thrilled. Balmoral gives us a larger presence in the North East.
“We can employ more people in the area and help more businesses that are based here, offering their teams top healthcare that’s designed especially for them.
“We’ve always been well-known for our patient-centred approach to care. The team at South Gosforth is highly talented and we’re excited to welcome them into our growing portfolio of health businesses.”
The acquisition was conducted through wesellanycompany.com, the business buying platform established by North East corporate finance adviser Barry Gill.
Within 12 hours of posting the advert, two interested buyers contacted the website, one of whom was Ross.
Gill added: “We’re careful to use targeted social media marketing and an active approach to our finding the right buyers.
“Ross responded to the Balmoral Physiotherapy advert and he met with the vendors within a week to discuss the sale.”
Legal advice on the deal was provided by Adrian Dye and Luke Philpott from Sintons LLP.