Inuvi Medical Services has recently received a £16m loan to bolster cash flow under existing debt and pave way for future assets.
The loan will support the company’s goal to invest in Physiological Measurements. In partnership with the NHS, this company is a well-known provider of non-invasive services for diagnosis within communities.
Having been formed nine years ago, Inuvi has grown to offer a diverse array of services. This includes laboratory testing to health assessments and even phlebotomy. Whilst associated with the NHS, it also offers it services broadly to other sectors, such as consumer health, insurance markets and professional sports.
The company has expanded nationally, working from both mobile services and clinics in five locations across the UK. The loan the company has received has come from OakNorth, a UK-based digital bank.
Inuvi’s status as a fast-growing company has been attributed to its drive to expand and well-chosen investments. Furthermore, the company has been able to secure loans to further support its expansion due to factors such as a growth-focused business model, consistently strong performance financially and a knowledgeable management team.
The use of loans, most recently, has enabled Inuvi to finance Veracity UK in the December of last year, as well as Medicals Direct and Express Diagnostics in 2023.
At AJL Finance, we provide loans for dentists, doctors, nursing homes and other SME business loans, inside and outside of medical services. We understand the vitality of early finance to businesses looking to scale up, so reach out to us now to discover how we can help.
