Bank of Ireland launches €200m primary care fund

Bank of Ireland Business Banking today (Wednesday 18 April 2012) announced the launch of a €200m fund dedicated to the Primary Care sector. This new fund will support the planned development of the sector and should also help support the Government’s strategy in this sector.
Bank of Ireland has a team of dedicated healthcare specialists who have a depth of understanding of the unique financial requirements of the sector.  The Bank has ongoing engagement with the HSE, the Department of Health and professionals in the sector.  Last month the Bank hosted a Primary Care conference in Portlaoise which was attended by approximately 50 healthcare professionals and there are plans in place to host a series of similar events across the country in the coming months.  The Bank has also been invited to speak at a number of other Primary Care events, including a conference in Dun Laoghaire this week.
The launch of this new fund follows on from the success of similar type funding made available to support the development and expansion of the Nursing Home sector nationwide.
Bank of Ireland is committed to supporting and actively lending to SMEs.   Commenting on the launch of the fund, Andrew Cullen, Head of Specialist Sectors, Bank of Ireland Business Banking said: “We are delighted to announce the launch of this new  fund supporting the Primary Care sector.  We are committed to supporting SMEs throughout Ireland and are actively seeking to support sectors, such as Primary Care, which are fundamental to the Irish Economy.  We expected to continue to be a leading provider of finance to this sector.  We would ask that businesses with funding requirements contact us”.
To date Bank of Ireland has been very active in the Primary Care Sector.   The Bank has already funded Primary Care Centres across the country which are operational and are currently involved in a significant number which are in development, e.g. Athlone Medical Partnership. Speaking about his positive experience in dealing with Bank of Ireland, John Crean of Owen Dervin & Sons Ltd, developers of Athlone Medical Partnership said:  “We have had a number of dealings with Bank of Ireland, some small and some quite large and complex and we cannot speak highly enough of them and the professional way they have gone about their business”.