Thursday, August 22, 2019

Independent. Intelligent. Insightful.

Rising social care demands placing ‘intolerable’ burden on councils

A decade of cuts and increasing pressures on ‘safety net’ services - particularly social care - has gutted non-essential council provision including transport, housing and culture, a group of MPs has said. It accused the government of a dereliction of duty to local authorities by failing to set out a...

Hospices receive funding boost

Hospices and palliative care services will receive £25m to help improve the quality of end of life care. The money, which has been provided by...

Number of children with a learning disability locked up rises

NHS Digital data has shown that 2,270 people with a learning disability or autism remained locked away in inpatient units in July, of which...

Civica buys Warwick International

Digital solutions services provider Civica UK Ltd has bought Warwick International Computing Systems Ltd, for an undisclosed sum. Warwick International is an occupational health, and...

Churchill remains cautious despite growing profits

Churchill Retirement Living has maintained a cautious approach to land buying for a second consecutive year. It acquired 13 sites, equating to 563 plots (2018: 13 sites, 550 new plots), which replenishes stock sold during the period, its latest financial results have said. With fewer new sites it submitted 12 planning...

Margins tighten at Radis Community Care

Radis Community Care will continue to review its domiciliary care contracts as increases in wage costs have not been matched by fee uplifts from local authorities. In its financial report for the year ended 31 August 2018, the provider of care and support services said margins were under pressure due...

Graphite to launch sale of City & County, say sources

Graphite Capital could be about to launch the sale of UK homecare provider City & County Healthcare Group, sources have said. Possibly launching next month, PricewaterhouseCoopers is expected to carry out the process, according to the sources. The homecare provider, which was bought by Graphite from Sovereign Capital in 2013, made EBITDA of £16.8m and EBITDAR of £18.5m on revenues of £186m in the year ended 31 March 2018. Its pre-tax loss was down to £17.5m, from £20.8m the year previous. A potential sale would follow City & County’s purchase of 20 homecare branches...

Home sweet home

The largest and most in-depth poll ever conducted of UK retirement community residents and prospective dwellers has found that people in communities have healthier and happier lives. Deven Pamben takes a closer look at the results Attitudes towards dementia remains one of the biggest challenges for the retirement living sector after a study found that half of residents surveyed felt the communities were not suitable for people with the condition. This was one of the major findings from an insight report on later living communities, which conversely found that 92% of...

TLC revenue dips but Q4 hints at recovery in international market

There was a hint of potential recovery in the international market from The London Clinic (TLC) as it released its 2018 results, with reports of improved demand from Middle East patients in the final quarter. Although the decline in international private patients continued to impact the hospital throughout the year,...

The next generation investing in cancer care

Dr Karen Sayal, oncology doctor and Dr Michelle Tempest, Candesic Partner, discuss how the growing market for cancer care, globalisation of care pathways and future treatments are opening up new opportunities for investors to make financial returns and fund...

Cygnet to open mental health hospital for women

Cygnet Health Care plans to open a mental health hospital for women next year. Cygnet Nield House in Crewe, Cheshire, will be a 30-bed facility divided into two wards - Clarion and Compton. Clarion Ward will be a 15-bed intensive support service for women with a personality disorder or complex mental health needs, while Compton Ward will be a 15-bed service...

A new dawn for patient safety

The independent sector and the NHS are beginning to align on safety standards as the NHS publishes its strategy for the future The NHS is nothing without a Plan. Indeed, following the announcement to develop a Long Term Plan for the NHS last summer, Health Secretary Matt Hancock (carrying on the work of his predecessor Jeremy Hunt) announced a new...

Interim CEOs in place at HCA hospitals

Interim chief executives have been put in place at The Harley Street Clinic and The Portland Hospital. HCA Healthcare UK, which operates the hospitals, confirmed to HM that chief executive...

BMI Albyn Hospital introduces robotic-arm assisted surgery

BMI Albyn Hospital in Aberdeen has introduced robotic-arm assisted joint replacement surgery. The Stryker Mako system offers patients across Scotland an alternative to traditional methods of knee or hip replacement...

Care UK Healthcare appoints orthopaedic surgeon

Care UK Healthcare has appointed George Tamvakopoulos as consultant orthopaedic surgeon at Shepton Mallet NHS Treatment Centre. This brings the total number of consultant surgeons with an orthopaedic speciality at...

Australia: Healius investor sells A$74m block

Reflective of broader investment concerns around Healius, a single investor has sold a A$74m (US$50.2m) block of shares in the Australian healthcare company. This equates to a 4% share in the group. The shares sold at A$3.00 each, which was a slight discount to its open of A$3.09. The name of the seller...

Singapore: Nova Satra takes over Inex Innovations Exchange

Singapore molecular diagnostics group Nova Satra has taken over Inex Innovations Exchange to create Inex Innovate in a US$72m deal. The combined company will...

New Zealand: Despite staff shortages, demand for aged care continues

Oceania Healthcare has obtained resource consent from Auckland Council for its development at Waimarie Street in St Heliers, Auckland. New Zealand’s third largest residential aged care provider and sixth largest...

UAE: Demand for orthopaedic services on the rise

Abu Dhabi Health Services Company (SEHA), the UAE’s largest healthcare network, has said that more than 200,000 patients have sought treatment across its orthopaedic facilities since 2017. Of these, more...

Singapore: Ardmore Medical Group delays SGX listing

Ardmore Medical Group, a specialist in orthopaedic surgery, pain management, and aesthetic treatments, has pulled its listing on the Singapore Exchange’s Catalist board. In a statement it blamed current market...

India: Manipal’s acquisition of Medanta falls through

In a sector that is rapidly consolidating and which was one of the biggest ticket deals on the block, the apparent collapse of Manipal’s US$828.6m acquisition of the Medanta...

The little red dot

Milind Sabnis, director of healthcare, Asia Pacific, Frost & Sullivan, looks at how Singapore has become Southeast Asia’s hub for healthcare and maintains its position at the top.  Singapore is known as the ‘little red dot’ on the map. Despite its small size, this little red dot is hugely significant in the Southeast Asia region. The island city-state of Singapore is...

India: Doxper raises US$4m Series A

Mumbai-based health-tech startup Doxper has raised US$4m in Series A funding. The round was led by healthcare investment company Alkemi Venture Partners. Rainforest Venture Network, existing investor growX Ventures and angel investors also participated. Founded in 2015, the company has created a digital pen and coded paper system for doctors to record patient information. The 90-strong team across seven cities in India,...

Romania: Regina Maria buys Baia Mare clinic

Regina Maria, the second-largest private healthcare provider in Romania, is to acquire Clinica Somesan medical centre in Baia Mare. Financial terms have not been disclosed. It is the group's second acquisition within three months. At the end of June, it bought Première hospital, the largest multidisciplinary private hospital in the west of the country. Opened in 2013, Somesan Clinic is the largest private player in Baia Mare and surrounding area. The 3,000 square metre clinic houses 20 outpatient clinics, 26 day beds and continuous hospitalisation, the medical analysis laboratory and the...

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