Sunday, September 27, 2020
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Aedifica continues investment drive with £14.5m deal

Care home developer Hamberley Development has agreed a forward commitment to sell its next property to European Healthcare REIT Aedifica for £14.5m. The forward purchase agreement is the second deal between the Hamberley, which backed by Patron Capital, and Aedifica in the past couple of months. The 60-bedroom property in Hailsham,...

Social care ‘policy failure’ needs addressing, says former minister

Failure to reform social care has been one of the country’s biggest failures ‘in our lifetimes’, former pensions minister Baroness Ros Altmann has said. Addressing...

Schroders and Civitas raise £100m for specialist homes

Schroder Real Estate in partnership with Civitas Investment Management (CIM) have reached a second closing on their private social supported housing fund, raising £100m...

Podcast: Adam Carter speaks to Nick Yarrow

In this episode of The Wine Cellar Sessions, Adam Carter, managing director of Carter Schwartz, speaks to Berkeley Home Health chief executive Nick Yarrow. They...

CQC take action after Cygnet alerts it to alleged abuse at Essex hospital

The CQC is taking enforcement action against a Cygnet Health Care hospital in Essex after the mental health provider alerted it to alleged abuse of patients by staff. Cygnet said it had reported concerns about its Yew Trees hospital to the regulator following CCTV monitoring, which revealed an incident involving...

Care sector needs support to implement technology, says report

The social care sector should receive greater support to become technologically enabled, with minimum standards to be met by all providers. Many care homes and assisted living units do not have any form of digital or IT system, or Wi-Fi, making the use of technology-enabled care services (TECS) challenging, according...

VIDEO: Simon Parker speaks to Rachel Beckett

In this episode Simon Parker, founder of care management consultancy SP&P, speaks to Rachel Beckett, chair of Wellburn Care Homes and creator of the We Care badge.  The badge is a symbol of appreciation for those working in the care sector, who have been supporting vulnerable people during the pandemic. In this episode Simon and his guest talk about: initiatives at Wellburn to maintain the relationships between residents and their families; the debate about care home visitations; and recognising the dedication of staff and appreciating their level of commitment during Covid-19 https://youtu.be/5Nh4Wxl5Aik Viewers...

Revamp of residential care market needed, think tank says

An independent body to oversee residential care should be set as part of an overhaul of the system to help provider better services for people, a think tank has said. The Social Market Foundation (SMF) is calling for new regulation and rules to help ensure service users pay the right price for care, and providers supply the levels of support the country needs. A briefing paper from the foundation argues politicians and officials need to accept social care in England is provided through a market system, with local councils and self-funded...

Bupa UK Insurance launches at home skin cancer assessment service

Bupa UK has launched a remote skin assessment service to provide its health insurance customers with detection of skin cancers from home. Bupa customers who are worried about a mole or skin lesion can call the Cancer Direct Access service to discuss their symptoms without the need for a...

Apposite-backed MC Care acquires fifth bolt-on

Apposite Capital-backed MC Care Holdings subsidiary and complex home nursing care provider, Complete Care Holdings, has acquired Amegreen Complex Homecare Ltd for an undisclosed sum. Amegreen Complex Homecare provides a range of home nursing services to adults and children with...

Independent providers anticipate strong growth in NHS and private demand

Independent healthcare providers anticipate strong growth in NHS and private pay during the next year despite the ongoing Covid-19 pandemic and other challenges, according to new research published by the Independent Healthcare Providers Network (IHPN). The IHPN surveyed providers from across the sector as part of its first ever Industry Barometer. Despite continued challenges from Covid-19, 58% of respondents said...

Fortius enters official partnership with Rugby Players Association

Fortius Clinic has expanded its presence in professional sport after entering into an official partnership with the Rugby Players Association (RPA), which represents over 1,200 current and former professional rugby players in England. Founded in 2009, Fortius Clinic already has partnerships with premier league football and rugby clubs, and is a recognised FIFA Medical Centre of Excellence. Under the new...

Fairfield joins Spire as group general counsel

Spire Healthcare has appointed Gillian Fairfield as group general counsel. Fairfield has 20 years of legal experience, including corporate law, regulatory, finance and governance. She was a partner in the corporate...

HM meets… Matthew Reed

After raising £500,000 from an oversubscribed crowdfunding exercise in July, Equipsme is eyeing expansion. It was an unconventional move for a health insurer but as founder and managing director...

CQC take action after Cygnet alerts it to alleged abuse at Essex hospital

The CQC is taking enforcement action against a Cygnet Health Care hospital in Essex after the mental health provider alerted it to alleged abuse of patients by staff. Cygnet said...

These shining streets

Mike Griffiths, regional director of healthcare at Howden Insurance Brokers, explains that while Covid-19 has boosted telemedicine services in Singapore, this comes with its own problems Singapore is clean, but no Singaporean wants to be a cleaner. The gleaming buildings and spotless footpaths that set this city-state apart from so...

Germany: Fresenius succeeds with new euro benchmark

Following last week’s US$1bn 10-year paper from subsidiary Fresenius Medical Care, parent Fresenius decided to remain in the euro market with its own two-part...

Netherlands: Aedifica remains in expansion mode

Healthcare real estate firm Aedifica remains on a roll with a €13 (US$15.2m) deal to build two healthcare residences in the Netherlands. Since the start of the month, it has...

Hong Kong: Basecare Medical plans HK IPO

Assisted reproduction diagnostics company Basecare Medical has filed to list on the main board in Hong Kong. It has not disclosed either size or timing for the deal. The leading platform...

Germany: Myneva Group acquires Swing

Bid Equity’s Myneva Group has acquired software provider Swing. Financial terms have not been disclosed. Founded in 1994, outpatient care specialist Swing serves more than 1,100 customers, mainly in southern...

Turkey: EBRD finances hospital in Istanbul

The European Bank for Reconstruction and Development (EBRD) has signed a €40m (US$47.4m) long-term loan, of which €30m is committed to the private developer of the Başakşehir Çam ve...

Ireland: IMMAC acquires care facility in Kildare

Healthcare investor IMMAC has acquired Beechpark Elderly Care Facility in Kildare. Financial terms have not been disclosed. Beechpark will be operated by the Beechfield Care Group which was itself acquired by IMMAC in December 2017. The group incorporates Beechfield Manor Nursing Home in Shankill, Glengara Park Nursing Home in Glenageary and Mount Hybla Nursing Home in Castleknock as well as...

Malaysia: MSCM Holdings moves into healthcare

Malaysian investment holding company MSCM Holdings is making a move into healthcare with a stake in a company which trades in pharmaceutical and medical goods via an e-commerce platform which also provides telemedicine services. It has taken a 20% stake in eMedAsia for M$2m (US$500,000). The other investors in eMedAsia are Malaysian Medical Association and tech company Open Dynamics. MSCM said that...

Global: Healthcare financing rounds close in Europe, Africa and Hong Kong

Funding for early stage healthcare remains active across the world with companies in Europe, Africa and Asia closing recent rounds. In France, Korian Group, Europe’s largest retirement home operator, has become the majority shareholder of the technology company Technosens, alongside the VYV Group, France's leading mutual health and social protection player. The Grenoble-based start-up specializes in the design and development of ergonomic digital solutions for healthcare and medico-social institutions as well as for the home. Founded in 2017, the company currently employs around 15 people. "Korian's investment in Technosens's capital validates the...

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