The Bodyline Clinic, a group of medically led weight management clinics across the North West, has been acquired by Sally Ann Turner with the support of a combined equity and mezzanine loan facility from MSIF.
The Bodyline Clinic has been trading for over 12 years, with a head office in Wilmslow and numerous other practicing clinics including Crosby, Birkenhead, Stockport and Warrington.
Each clinic is operated by a professional highly qualified medical team, which is overseen by the Clinical Director who is also an NHS Consultant in Public Health.
The clinics offer advice and guidance on lifestyle, nutrition, diet and exercise, with each client receiving a tailored weight loss plan and effective weight loss aid medication if necessary.
MSIF provided a 7 figure combined equity and mezzanine loan facility for Sally Ann Turner to purchase the majority of the share capital of the business.
Brian McCann and James Curtis from MC Vanguard provided Corporate Finance advice to Sally Ann Turner and the company, including working with management to develop an operating financial model to support MSIF’s investment.
Sally Ann Turner spoke about her acquisition: “I am really looking forward to this exciting opportunity to expand this already successful business. We’re the best at what we do. Bodyline is setting the bar for the medical weight loss clinic industry; our great team of medical professionals, their passion and our high end clinics are continually allowing us to exceed our clients’ expectations.”
“I have big plans for The Bodyline Clinic. We aim to roll our service out further – expanding our offering with new clinics across England. I have a great team of staff working with me at The Bodyline Clinic, that I am so thankful for, and none of this would be possible without them.”
Simon Thelwall-Jones, Investment Director at MSIF, said: “Sally clearly has a great deal of knowledge of The Bodyline Clinic due to her pre-existing involvement in the business. She has an excellent relationship with her staff and is heavily involved with the operational side of the business. She has great business acumen and a clear focus of where she will take The Bodyline Clinic now it is fully under her management; I’m really excited to watch the growth of the business and wish her all the success in the future.”
Sally Ann Turner added: “We wouldn’t have got to where we are today without MSIF. It’s been a difficult and lengthy process, but they have been there throughout, helping me through the process with their step by step guidance."
“Going forward, the post investment support from MSIF is going to be a massive benefit to The Bodyline Clinic. MSIF’s local connections have already opened a lot of doors for us and allowed us to gain strategic partnerships that will really help the business to advance.”
James Curtis at MC Vanguard said: “The Bodyline Clinic, under Sally’s leadership, has substantial growth potential; so we are pleased to see MSIF provide the capital that will allow the company to expand its service lines and footprint over the next five years. Sally and The Bodyline Clinic, are both longstanding clients of the wider Mitchell Charlesworth group; who will continue to support the company with a range of accountancy, financial reporting and tax services.”