Saturday, October 1, 2022
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Reimagining care homes

Tony Throp, finance director at Puma Property Finance, discusses opportunities for finance specialists and developers Over the past five years, over £10bn of private investment has been funnelled into the UK healthcare sector. This investment plays a crucial role in supporting care operators and developers to address the various challenges facing...

International healthcare group AcalisCare acquires Balhousie

International healthcare group AcalisCare has acquired Scottish provider Balhousie Care Group. AcalisCare, which has almost two decades of experience in operating and developing care homes in Belgium, Chile, Colombia, Uruguay and Turkey, plans to support Balhousie’s expansion and capital investment plans with its current management. Financial details have not been...

UK: Aedifica invests £45.5m in three care homes

Brussels-listed healthcare REIT, Aedifica, is investing approximately £45.5m (US$48.5m) in the forward acquisition of one new care home and two care homes currently under construction in the UK. The care homes already being developed at Whitby Castle Road in North Yorkshire and Holt Health Farm in Norfolk will both accommodate...

Sue Goldsmith promoted to chief operating officer at Belong

Not-for-profit operator Belong has appointed Sue Goldsmith to the role of chief operating officer (COO). A registered nurse and experienced social care professional, Goldsmith was previously operations manager with the organisation and joins the executive team as Belong’s outgoing COO, Stacey McCann, prepares to retire at the end of this month. She will work alongside chief executive Martin Rix, who took the helm at Belong in April, and chief finance officer Chris Hughes. Goldsmith’s experience spans three decades, including as head of dementia and head of care improvement at Four Seasons Health...

Additional funding welcomed but ‘scant detail’ in plan

A £500m fund to support discharge from hospital into the community and bolster the social care workforce has been welcomed by representative bodies but described as a ‘sticking plaster’. Latest government initiatives to support health and social care outlined in Our plan for patients by secretary of state Thérèse Coffey included another phase of its national recruitment campaign, £15m to help boost enlisting care workers from abroad and supporting providers to switch from paper to digital records. Local health and care partners will be able to decide how best to use...

OutsideClinic launches JV partnership model for optometrists

Home eyecare specialist OutsideClinic has launched a joint venture partnership model which provides optometrists the opportunity to run their own business. The company, which was acquired by healthcare investment business Optimism Health Group at the end of 2020, said it was introducing the new model in response to growing demand, fuelled...

Health insurtech raises $1.6m in seed funding round

Insurtech company Peachy has raised $1.6m in seed funding from a list of former health executives to pursue the roll-out of its app-based health insurance platform. The app, which has been accepted into the FCA ‘Sandbox’ programme, enables customers to...

Self-pay continues to drive recovery in private patient market

Self-pay activity continued to drive growth in private patient admissions in Q1, according to the latest figures published by the Private Healthcare Information Network (PHIN). Independent healthcare providers reported almost 200,000 private patient admissions between January and March 2022 – higher than pre-pandemic levels and the second highest rate in the last three and a half years. Self-pay figures were down...

AVO expecting to treat first patients with LIGHT system in H2 2023

Proton beam therapy specialist Advanced Oncotherapy (AVO) has said it expects to treat the first patient with its next generation LIGHT system in the second half of next year after it finally became fully operational. The company said its LIGHT accelerator had successfully generated a proton beam at 230 megaelectron volts - the energy required to treat deep seated tumours at a...

Babylon Health hires former EY partner to lead EMEA and Asia growth

Babylon Health has hired Andrew Hine as vice president of its EMEA and Asia go-to-market team. Hine, who was previously head of health for the Middle East and North Africa...

Kooth secures first major US contract win

Digital mental health platform Kooth has signed its first major US contract, valued at $3m in its pilot year Under the deal, Kooth will provide its mental health platform to 30...

Bupa and Babylon extend partnership deal

Bupa UK Insurance and Babylon have extended their partnership agreement to provide digital health services to Bupa UK health insurance customers for a further three years. Bupa was one of...

Ireland: Theravance Biopharma announces tender offer as part of Capital Return Programme

Nasdaq-listed Theravance Biopharma, has announced a "modified Dutch auction" tender offer to purchase up to US$95m of its ordinary shares, as set out in its US$250m Capital Return Programme, which earlier saw it execute a definitive agreement to purchase all of GSK's equity stake, constituting approximately 9.6 million shares at US$9.75 per share. The...

Financing round up: Kupando, bitsensing, Incepto, Lyfegen HealthTech, Phosphoenix

The Netherlands: Phosphoenix, a medical technology spin-off from the Netherlands Institute for Neuroscience, a research institute of the Royal Netherlands Academy of Arts and Sciences, has raised pre-seed financing from the Thematic Technology Transfer Medtech Fund (TTT Medtech) managed by Innovation Industries, FIRST Fund managed by BioGeneration Ventures, and Innovatiefonds Noord-Holland. Phosphoenix was founded by Prof Pieter Roelfsema, Prof Xing Chen and Dr Bert Monna to restore the vision of blind people. The company is developing a prosthesis to stimulate nerve cells in parts of the brain that are involved in...

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...

Caymans: the healthcare saga keeps running

Hospital group, Health City Cayman Islands (HCCI) says its investments in innovative technology, international accreditation and promotion efforts have put the Cayman Islands on the medical tourism map.  However in an ongoing legal case, a Grand Court judge has now found that the Cayman Islands Government acted inappropriately when in 2010 it awarded decades-long fee waivers and concessions to the group worth hundreds of millions of dollars. HCCI says it is working with cutting-edge technology and qualified surgeons from around the world to enhance health care in the Caribbean.  Done...

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