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Healthcare developer forms financial alliance to build on its primary care offerings

15 March 2007

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Leeds-based healthcare developer One Medical has formed a healthy alliance with Yorkshire Bank through a unique multi-million pound funding arrangement.

The deal means Yorkshire Bank will supply a central fund, enabling One Medical to build on its success since its formation in 2004. The deal comes at a time when One Medical is gearing up to become a major player in the primary care sector with a wide range of offerings for GPs, health care professionals and primary care trusts (PCTs), including primary care premises development, provision of primary care services and telemedicine, making them a “one stop shop” for all primary care needs.

One Medical has already secured projects nationwide in the region of £30m, which include the refurbishment and development of GP surgeries, large-scale integrated primary care centres – including a 2,500m2 scheme in North East Lincolnshire – and the redevelopment of community hospitals.

Rachel Beverley-Stevenson, chief executive officer of One Medical, said: “The Yorkshire Bank funding gives us the financial substance we need to drive forward our ambition to become a leading player in primary care. Having such a flexible framework in place means we can fund schemes and services quickly and cost effectively, which is vital in responding to competitive tenders and in working with PCTs.

One Medical recognises the opportunities presented by the government’s drive to move services and care closer to the patient as outlined in the 2006 white paper Our health, our care, our say: a new direction for community services, and as a result of this has formed the primary care service delivery business One Medicare in conjunction with local GPs to provide first-rate, innovative care models working in partnership with GPs, PCTs and allied health professionals.