Health group launches bond to raise £15m for preventative services

The not-for-profit provider of health and wellbeing services is inviting people to apply for the bond, named the Nuffield Health Bond, in amounts of £1,000 to £250,000 in return for a fixed annual return of six per cent (gross) in cash.

Nuffield Health has fitness and wellbeing centres in Doncaster, Hull, Leeds, Harrogate, Bingley, Sheffield and Wakefield and hospitals in Leeds and York.

Nuffield Health said that the bond, a five-year fixed term product, is aiming to raise £15m to help fund investment in “joined up healthcare services across the country that focus on prevention, fitness and wellbeing as well as cure”.

David Mobbs, group chief executive of Nuffield Health, said: “We are proud that over 50 years ago Nuffield Health created choice in healthcare.

“We are proud we are continuing to offer choice and innovate so we can provide high quality, integrated health services for people in a way which is meaningful for them.

“By fully integrating treatment with prevention, we offer people a highly personalised healthcare programme. From diagnosis through to diet, it amounts to a continuous cycle of care that Nuffield Health is committed to delivering.

“The funds raised by the bond will help us further develop our unique service so not only will you be getting a competitive return, you will also be helping us raise money to achieve our mission of making a real difference to the future of healthcare in this country.”

Nuffield Health reported a 12 per cent increase in revenues in 2012 to £645m, with Ebitda before exceptional items up 14 per cent to £82m. Over the year, the business bought Greens Health and Fitness chain and built new hospitals in Cambridge and Bristol.

Applications for the bond are due to close on June 18 and will be considered on a first come, first served basis.