Monday, February 6, 2023
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Athena Care Homes recruits Richard Shaw to lead estates team

Richard Shaw has joined Athena Care Homes as project manager to lead the estates team as part of the provider’s growth strategy. He will be overseeing larger refurbishment projects, helping with service contracts, tenders, and capital expenditure schemes as well as expansion developments. Shaw qualified as a building surveyor 25 years...

John Pattinson promoted to lead Independent Care Group

John Pattinson has been appointed chief executive of representative body the Independent Care Group (ICG). Since December 2021, he had been the group’s operations director and before that worked in the NHS. He replaces Nick Swash, who has left ICG to pursue after just over a year in the role. ‘John...

Allica Bank widens care home commercial mortgage offer

Allica Bank has extended its care home commercial mortgage proposition to cover specialist support for adult and children’s learning disability services, as well as supported living provision. For its older people’s care policy, the bank has cut its debt service thresholds for both first-time buyers and experienced operators. In addition,...

Triple Point ‘actively looking’ to shift properties away from My Space

Triple Point Social Housing is ‘actively looking’ to move properties away from My Space following concerns raised by the regulator over the provider’s solvency in an enforcement action published last month. The investor is also considering a request by the Regulator of Social Housing that My Space review, among other things, the option of a business combination or merger that might negate the need to move properties. Thirty-four properties are leased to My Space, with the portfolio representing 7.9% of the investor’s contracted rent roll. Another lessee, Parasol Homes Ltd, with 9.6%...

Target’s assets demonstrating ‘resilience’ despite drop in value

Target Healthcare REIT’s property portfolio value has remained resilient despite it falling 5% during the last quarter of 2022. As at 31 December, it was valued at £867.7m and comprised 100 properties, consisting of 97 operational care homes and three pre-let sites, which are being developed (30 Sept 2022: £913.7m). ‘The portfolio value decreased by 5% over the quarter which matched the movement in the like-for-like value of the operational portfolio. The like-for-like movement reflects a 6.2% decrease due to outward yield shifts applied by the valuers to reflect the higher...

Simplyhealth completes recruitment round with new product director for consumer business

Simplyhealth has appointed Tina Kennedy to the newly created role of product director of its consumer businesses. Kennedy has a wealth of experience across digital transformation, sales and marketing and P&L management. She has held commercial leadership roles at Experian and Vodafone and was previously product director at Aareon, which...

Driving the future of corporate healthcare in a post pandemic age  

Workplace health and wellbeing has been driven up the corporate agenda in the wake of the Covid-19 pandemic, long waits for NHS services and a tight labour market. Soraya Chamberlain, vice president of corporate sales at HCA Healthcare UK shares...

ThinCats supports medical transport services merger

Cairngorm Capital-backed E-zec Medical Transport Services has acquired ERS Medical in a deal which creates the UK’s largest provider of NHS patient transport services. Financial details have not been disclosed but the acquisition was supported by alternative lender ThinCats. The enlarged business reported combined revenue in excess of £100m in 2022 and will serve more than 50 NHS and local authority...

Doctify raises $10m in growth funding round

Health and care review platform Doctify has raised an additional $10m in a growth funding round led by transatlantic venture capital firm Beringea. The round was also backed by existing investors Keen Venture Partners, Amadeus Capital and Guinness Asset Management. Doctify has grown rapidly since it was established by surgeons Stephanie Eltz and Suman Saha in 2015. According to the company, its verified review platform which aims to provide a...

Portman and Dentex expected to propose remedies as CMA reports competition concerns

Dentistry groups Portman Healthcare and Dentex Healthcare have been given until 10 February to propose remedies to competition issues relating to their merger identified by the Competition & Markets Authority (CMA). Core...

Phlo raises £10m to scale up digital pharmacy business

Digital pharmacy business Phlo has raised £10m in a Series A funding round led by family office Thairm Bio, alongside support from Scottish Enterprise and a number of other...

Spire contacting 1,500 more former Paterson patients

Spire Healthcare is contacting a further 1,500 patients treated by jailed breast surgeon Ian Paterson after their details were found on legacy IT systems. The Group committed to contacting all...

Sweden: Vitrolife finds CEO replacement in Bronwyn Brophy

Vitrolife, a Gothenburg-based provider of medical devices and genetic services improving the outcome of fertility treatment, has settled on Bronwyn Brophy as successor to Thomas Axelsson who announced his decision to step down from the CEO position in September 2022. Brophy will join the company on August 1. Brophy, an...

Europe: Citigroup hires Besseddik from JP Morgan to head its EMEA healthcare operations

Citigroup has hired Cyril Besseddik to head its healthcare banking, capital markets and advisory (BCMA) team for EMEA. He joins from JP Morgan, where he was co-head of EMEA healthcare investment banking. He joins Citi in May and will be based in London. Citi is getting one of the most seasoned healthcare bankers in EMEA, with Besseddik having advised some of the ‘most relevant clients in the sector’, according to an internal memo seen by HMi. Besseddik is ‘uniquely positioned to help us grow our market share’, it continues. Healthcare is an...

What has politics got to do with medical tourism?

“Politics has nothing to do with medical tourism” is often the view of medical tourism organisations globally and nationally. But nothing exists in a vacuum so medical tourism needs to grasp what is happening and why, says IMTJ analyst Ian Youngman. To name a few current politically-driven influences on medical...

Iran expands provision for medical travellers

220 Iranian hospitals now have medical tourism licenses as the country plans for expected record numbers of medical travellers. The number of international travellers seeking medical services in the Islamic Republic rose 200% in the first half of the current Iranian year, in comparison to the same period before the pandemic. Based on available data, the Islamic Republic attracted 125,231 international patients for medical services during the first quarter of the current Persian calendar year. The majority of those travellers came from Iraq, Afghanistan, Azerbaijan, and the Gulf states. The country is...

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