Tuesday, November 29, 2022
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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...

Optimo Care Group continues growth strategy with My Life Choice deal

Optimo Care Group has acquired Colchester-based complex care provider My Life Choice Ltd. Established in 2018 by Jane Lever-Byford and Stephanie Issacson, My Life Choice provides care services specialising in supporting younger adults with autism and complex care needs. It employs more than 50 members of staff, all of whom...

Richard Booth joins Downing’s capital solutions team

Downing LLP has appointed Richard Booth as a fund manager in its capital solutions team. With over 20 years of investment experience, Booth will add further strategic and transactional support to the team. He previously spent 10 years at M&G working as a fund manager and director, focusing on fixed-income...

Adlington Retirement Living to open Lancashire community

Adlington Retirement Living plans to open its The Sidings development in Lytham, Lancashire, this week, offering 65 one-, two- and three-bedroom apartments. All apartments include fully fitted kitchens with integrated appliances. Many feature en-suite shower rooms as well as separate bathrooms, and most have a patio area or walk-out balconies overlooking gardens. Facilities in the development include a cafe, restaurant and homeowners’ lounge, a hair salon, therapy suite, activities studio and cinema room, as well as a guest suite for visiting friends and family. A 24-hour on-site team will support homeowners and,...

Alleviate pressures

The rise in the cost of living is a concern for many, especially those working in the care sector. Trowers & Hamlins LLP partner Emma Burrows outlines some of the measures employers can take to support their workers The effect of the rise of the cost of living on employees is a priority concern to all employers but perhaps especially to care providers. Indeed, at our weekly webinar, Trowers Tuesday, in September, it was the top priority for our attendees with 40% saying it was their main concern. So, what...

HM meets…Justin Ash

The latest evolution of Spire Healthcare’s strategy will see the UK’s second largest private hospital group expand into outpatients and GP services with plans to build ten new clinics. Maria Davies talks to CEO Justin Ash about the rationale behind the move and why he believes healthcare providers can’t...

HMT reports deficit as costs wipe out sharp rise in income

Charitable hospital and care home provider The Healthcare Management Trust (HMT) has said a sharp increase in income in FY 2021 was offset by rising costs as it continued to feel the impact of the Covid-19 pandemic. The charity, which operates St...

NorthWest REIT announces £500m UK joint venture

Canadian NorthWest Healthcare Properties Real Estate Investment Trust (NorthWest REIT) has announced the formation of a new joint venture targeting UK healthcare real estate. The Toronto-based company, which entered the UK market with the £97.8m acquisition of six BMI hospitals at the beginning of 2020, said it had struck agreements with an unnamed UK institutional investor with a combined equity commitment of £500m. The...

Spire appoints group general counsel

Spire Healthcare has appointed Mantraraj Budhdev as group general counsel. Budhdev brings 15 years’ of global experience from a range of industries, including the financial services sector and the Magic Circle. Most recently, he was group head of compliance and head of legal for Europe and the Americas region with a global port and logistics provider. Reporting to CEO Justin Ash, Budhdev...

Covid puts Fairfield in ‘vulnerable’ financial position

Fairfield Independent Hospital has said its financial position remained ‘vulnerable’ in FY 2021 as the Covid-19 pandemic continued to restrict activity. Total income was up 37% on 2020 to £13.6m...

Strong demand for hospital services boosts Nuffield

Nuffield Health has reported strong recovery across its hospital business with performance ahead of management expectations as demand increased across all payor groups. Hospital revenue was up almost 35% to £749m...

Assura delivers strong H1 but expects investment activity to slow

Focused operational activity delivered a strong set of financial results in H1 but the challenging economic environment is expected to curtail investment activity in the second-half, Assura plc said...

Australia: Sonic investing A$17.8m for 20% stake in Microba Life Sciences

Sonic Healthcare, one of the world's largest medical diagnostics companies and second largest healthcare company on ASX, has agreed to invest A$17.8m (US$12m) to acquire a 19.99% shareholding in Microba Life Sciences. Microba Life Sciences is a precision microbiome company with technology for measuring the human gut microbiome. Shares are...

Ireland: Uniphar supplements European distribution network with BModesto acquisition

International diversified healthcare services business, Uniphar, has acquired BModesto Group, a Netherlands headquartered healthcare services business focused on improving access to pharmaceutical and healthcare products across the Netherlands, Germany, the UK and Europe for an upfront payment of €51m (US$52m). BModesto offers a wide range of services including the distribution of medicines on both an exclusive and on-demand basis, clinical trial services, market authorisation holder and medical device distribution. Services are targeted at pharmacies, hospitals, wholesalers and pharmaceutical companies. Deliveries of products and services are supported by a logistics infrastructure that...

How Canadians see medical tourism

Canada is often seen as a country supplying medical tourists, but it’s risky to assume it’s a target country with huge potential. A recent survey may help explain why, says Ian Youngman. Unlike other democratic countries, Canada does not freely allow private healthcare or full private health insurance, although confusingly...

Turkey improves medical tourism regulation

Turkey has taken several steps to ensure that health tourism services are properly regulated, with oversight from public officials. This should allow patients to trust the health tourism service providers they deal with. This also means that the barrier for initial entry into health tourism market in Turkey is going to be higher, since a new business will need to satisfy the criteria and obtain the relevant licenses required by the state in order to legally conduct health tourism services. Medical services and health tourism related issues are tightly regulated...

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