Penelope Garden (Partner and Head of Private Equity & Venture Capital team) and Lauren Lashley (Solicitor) have advised the British Business Bank’s South West Investment Fund via appointed Fund Manager, The FSE Group. On its £375,000 equity investment into Health and Care Innovations (HCI) as part of an £880,000 funding round. The investment will drive the growth of HCI’s CONNECTPlus digital health platform and healthcare video library to help manage patient care.
HCI is already working with over 10% of NHS acute trusts, with ICBs and with Mater Hospital in Ireland and Castilla La Mancha and Catalonia in Spain, educating and supporting patients at home so that they can self-manage their conditions more confidently and reduce demand on the health system.
This reduces the number and length of appointments and calls in order to reduce elective care waiting lists and outpatient appointments and focus resources on the patients with the greatest need. As the world grapples with the growing demands of multimorbidity, HCI’s integrated approach offers a singular platform for managing multiple conditions and treatments that simplifies life both for patients and health systems.
CONNECTPlus addresses the needs of “the whole patient,” supporting over 70 conditions already, plus remote monitoring tools and digital pathways of care. Alongside, their health and care video library offers over 1,000 patient-facing videos, providing patients with the vital information and education needed to manage their conditions effectively at home.
The ability to deliver in multiple languages means that the challenges around equality and diversity can be easily addressed.
Ralph Singleton, Head of Equity South West at The FSE Group, commented: “HCI’s client base already includes over 20 NHS organisations, multi-national insurance companies, and hospitals in European territories. With an experienced team well-versed in NHS program delivery and a robust and adaptable solution for complex healthcare challenges, HCI is well-positioned to lead the charge in transforming healthcare delivery. We are thrilled to support the team in their journey to innovate patient care.”
