UK health and wellbeing charity Nuffield Health has completed a refinancing worth £270m towards its ongoing growth in the hospitals, consumer and corporate fitness markets.

Five banks - Barclays Corporate; Royal Bank of Scotland; Santander; Co-operative Bank; and Allied Irish Bank - have supported the arrangement with the not-for-profit group.

Four years ago, Nuffield Health acquired Cannons Health and Fitness, before completing a takeover of the Bladerunner corporate fitness business in late 2010.

Meanwhile, the charity was named among the winners at the first Members' Choice Health Club Award - supported by Health Club Management - in Birmingham earlier this year.

Nuffield Health chief financial officer K P Doyle said: "Our core aim is to champion consumer health, helping people make informed decisions about their wellbeing.

"By providing this strong refinancing package, our investors have welcomed the opportunity to help us deliver our strategy to champion health as it should be."

Barclays Corporate relationship director George Fergusson added: 'It is essential that providers of quality care, such as Nuffield Health, are able to access vital finance to support their health agenda for the wider benefit of health in the UK."