The capital from OakNorth will enable Inuvi to refinance existing bank debt and support future acquisitions, including of Physiological Measurements, the award-winning provider of community non-invasive diagnostic services in partnership with the NHS.

Inuvi provides a broad range of health services including health assessments, phlebotomy, laboratory testing, and community diagnostic services, across various industry sectors, including NHS and independent Sector healthcare provision, professional sports and consumer health and wellbeing, among others.

This deal marks OakNorth’s second transaction with Inuvi’s private equity sponsor, Longacre Group.

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Jonathan Benton, CEO at Inuvi Medical Services, commented: “OakNorth’s deep understanding of our sector and flexible financing approach make them an ideal partner for us.

“This funding allows Inuvi to accelerate our growth strategy, expand our diagnostics capabilities, and better serve our NHS and corporate clients through the acquisition of Physiological Measurements.

“We look forward to driving further innovation in healthcare diagnostics with OakNorth’s support.”

Stewart Haworth, director of debt finance at OakNorth Bank, added: “Inuvi is a fantastic example of a fast-growing, innovative business delivering critical healthcare services.

“With an experienced management team, strong financial performance, and a scalable business model, Inuvi is well-positioned for long-term success.

“We are delighted to support their expansion and look forward to seeing their continued impact in the healthcare sector.”