Wednesday, December 7, 2022
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Rental income grows 6% at Civitas Social Housing

Civitas Social Housing expects rental growth to trend positively over the medium term supported by local authority demand and reduced supply in care. Posting its half-year interim report, the group said there was ‘clear demand’ for accommodation due to a fall in the pace of delivery of adapted care-based housing...

Allegra Care and Moorfield Group joint venture acquires four homes

Allegra Care and Moorfield Group have grown their partnership portfolio after completing the acquisition of four nursing, dementia and care homes in Bristol and South Gloucestershire. The joint venture (JV) between the care home operator and real estate fund manager, which acts on behalf of Moorfield Real Estate Fund V,...

Occupancy recovery at Greensleeves helps boost revenue and EBITDAR

Occupancy levels across care homes operated by Greensleeves Homes Trust have continued to improve, with most homes approaching pre-Covid levels. The provider entered the financial year ending 31 March 2022 with occupancy below its budgeted levels, posting it at 79.5%, following the second wave of the pandemic in winter 2020....

Committee demands clarity over funds and care packages

More clarity is needed over funding commitments outlined in the chancellor’s Autumn Statement, as well as a better definition of what constitutes a care package. In a letter to Chancellor of the Exchequer Jeremy Hunt and Secretary of State for Health and Social Care Steve Barclay, the House of Lords adult social care committee said many questions had been left unanswered. The letter, which comes in the week before the committee publishes its report, A ‘gloriously ordinary life’: Spotlight on adult social care, also asked for assurances over council tax hikes...

Hallmark invests £1.3m to support staff over winter

Hallmark Care Homes is investing £1.3m into winter measures to help its team members with the rising cost of living. The group, which operates 19 care homes, will pay all of its team members at or above the new rate set by the Real Living Wage Foundation from Thursday (1 December). This means care workers will receive the rise five months before its adopted date, which is 14 May. Salaries will now start from £10.90 per hour in Wales and England, and £11.95 in London. The increase means a full-time worker paid...

Blackwell-Frost takes over from Cole at Vanguard

Mobile operating theatre provider Vanguard Healthcare Solutions has appointed Chris Blackwell-Frost as CEO. Previously chief strategy officer at Nuffield Health, Blackwell-Frost will take up the post in January succeeding current CEO David Cole, who will step down at the end of 2022 after six years heading up the company and...

Independent providers anticipate continued growth in private patient market

Independent healthcare providers are anticipating strong growth across the sector despite the volatile economic environment, according to a new survey carried out by the Independent Healthcare Providers Network (IHPN). The Industry Barometer 2022, which surveys senior independent sector healthcare leaders, found...

Bupa launches specialist centre for prostate cancer

Bupa UK Insurance and Bupa-owned Cromwell Hospital in London have launched a specialist centre for prostate cancer designed to provide fast access to diagnosis and treatment. Insurance customers worried about symptoms can get an appointment within two working days. All initial diagnostic tests and scans are carried out in the same appointment within four days and if needed treatment will...

Turning virtual solutions into reality

NHS England has committed to increase the use of virtual wards in a bid to drive efficiency and tackle the elective backlog. And as the current economic crisis accelerates the need for savings at a time of rising inflation and increasing demand, home healthcare could prove an attractive alternative to expensive patient admissions. Noel O'Kelly, medical director at Leicester-based...

Hospitals should encourage consultants to become expert witnesses, says MPS

Private healthcare providers should encourage consultants to engage in expert witness training, according to the Medical Protection Society (MPS). The medical defence organisation said expert work could form an integral...

Midlands-based practice management business launches self-pay platform

Midlands-based clinician partnership and practice management business Medmin is launching a self-pay offer aimed at providing fast access to treatment for 50 common conditions and low risk procedures. Get Well...

Totally appoints group medical director

Totally plc has appointed John McMullan as group medical director. McMullan, who is currently joint managing director of Pioneer Health Care - the NHS insourcing business acquired by Totally in...

Germany: Giza to take over as CEO at Fresenius Medical Care

Helen Giza has been appointed CEO of Fresenius Medical Care, the world's leading provider of products and services for individuals with renal diseases, with immediate effect. Previously, she was Deputy CEO of Fresenius Medical Care. She succeeds Dr Carla Kriwet, who was due to take up the CEO position...

New Zealand: Proceeds from IFC Kauri bond to support access to quality healthcare

International Finance Corporation (IFC) – a member of the World Bank Group - issued its first New Zealand dollar-denominated social bond in the Kauri market to support underserved communities in developing countries, including households that lack access to quality healthcare. The seven-year 4.875% bond raised NZ$300m (US$190m) for the Triple-A rated issuer and was priced at 99.900255 to yield 4.892%, a spread of 41 basis points (bp) over mid-swaps. Joint lead managers are BNZ, CBA, and Westpac. The vast majority of the bonds went to banks (83.4%) with asset managers taking...

Building better hospitals in Bangladesh

One of the biggest unsung areas of medical tourism is taking the hospital to the patient, rather than taking the medical tourist to the hospital. USA hospitals to Europe, and UK and US hospitals to the Middle East and Africa get the headline news, but cross-border activities of Asian...

Destination management: learn from the wellness sector

Tourist destinations can learn from the wellness industry and should become more aligned to its principles post-Covid, a World Travel Market London Insight session heard. Speakers at WTM London agreed there had been a paradigm shift among consumers’ attitudes during the pandemic that destinations must now embrace, not just in how they deal with visitors, but also their own community. Professor Terry Stevens of Stevens & Associates, a tourism futures specialist, said: “If wellness is the new zeitgeist, then destination management is the new Holy Grail for tourism. One of the...

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