Centric health’s New €10m Primary Healthcare Centre Due to Open in Celbridge
Centric Health’s new €10 million primary healthcare centre is due to open in Celbridge, Co Kildare this November in partnership with the HSE and both of which will enter into a 25-year lease as anchor tenants. Cantor Fitzgerald worked directly with Centric Heath in structuring the fundraise for the development of the Celbridge Primary Care Centre through Clarington Properties (Celbridge) Limited, a special purpose company established to provide the construction and subsequent project finance. Cantor arranged senior debt finance of €5m and raised a further €2.3m by way of private loan note capital.
Centric Health was founded in 2003 by Dr Maurice Cox and Dr Ray Power and is an international healthcare services company providing medical recruitment, primary care and diagnostic imaging services in Ireland and the UK. With staff in excess of 600, it is expanding its network of purpose-built Primary Care facilities where doctors and nurses work in tandem with dentists, consultants, physiotherapists and HSE Primary Care teams facilitated by onsite diagnostics to support medical needs in the local community. Centric Health operates a number of medical practices primarily in the Leinster region, including The Well Clinic in Sandyford, Co Dublin, the Centric Health Clinic in Ranelagh, Dublin 6 and the VHI Swiftcare clinics in Swords and Dundrum as part of a joint venture with VHI.