Healthy future on the horizon for Placement Group

01 February 2016

Hertfordshire-based specialist recruitment firm The Placement Group has announced the acquisition of Primary Care Recruitment (PCR) following agreement on a new six-figure funding package with Clydesdale Bank.

The Group is one of the UK's leading healthcare recruitment providers, delivering permanent, temporary and flexible staffing solutions across a range of medical specialties to both NHS and private sector healthcare organisations. Its consultants recruit specialist staff including hospital doctors, nursing, GPs, Allied Health Professionals (AHP), Health Science Services (HSS), theatre and technical support staff for all regions of the UK and have access to a database of thousands of registered medical jobseekers.

Dublin-based PCR operates throughout Europe, primarily sourcing nursing personnel and other healthcare professionals for European healthcare markets. Its European representatives are based in a number of satellite locations which are supported by a network of multi-lingual account managers.The acquisition of PCR’s 25 personnel sees numbers at The Placement Group increase to approximately 100.

The deal was delivered by Richard Messenger, Relationship Manager, at Clydesdale Bank’s Business and Private Banking Centre in London. In addition to a six-figure funding package to support the acquisition, the deal also sees an increase in the Group’s existing invoice finance facilities with Clydesdale Bank.

Simon Goldsmith, Finance Director at The Placement Group, said: “The acquisition of PCR provides the Group with a number of benefits, strengthening our existing offering within the UK and enhancing our ability to extend our reach into the European healthcare sector.

“We are keen to continue to grow the business and will look to identify future opportunities for acquisitions within the sector.

“The excellent support we have received from Clydesdale Bank has been invaluable in enabling us to complete the acquisition to our preferred timetable.

George Eleftheriou, Head of Clydesdale Bank’s Business & Private Banking Centre, London, said: “The Placement Group has established an excellent reputation for the high quality of its services to the UK healthcare sector. This acquisition enables the Group to expand into Europe and we look forward to supporting them as they realise their vision for the business”