Monday, October 25, 2021
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CMA concerned over availability and price of children’s care

Children in care are not being placed in the right homes while providers charge high prices and make big profits in what the Competition and Markets Authority (CMA) has described as a failing system. The authority, which launched its market study in March, has published its interim report.  It found...

Valuation of CareTech’s property portfolio reaches £930m

CareTech’s property portfolio has been valued at £930m, an increase of 20% since its last estimate in September 2018 (£774m). The valuation of 407 freehold and long leasehold sites, which was carried out by Knight Frank, was released in a pre-close trading update for the year ended 30 September 2021. The...

Investing in care workforce becoming ‘ever more urgent’

Extra funds will be provided for social care to improve hospital patient discharges, expand community services and reduce re-admissions in an effort to ease pressures on bed capacity in Wales over the winter. A total of £42.7m additional money, which has been provided as part of the NHS Wales health...

Impact Healthcare buys care home for £5.8m

Impact Healthcare REIT has bought a purpose-built care home on the southwest coast for £5.8m. The 83-bed property will be operated by one of its existing tenants Minster Care, with an initial rent of £414,000 reflecting a net initial yield of 7.2%. The property has a 20-year lease, with rent subject to an annual upward-only review linked to the retail price index, with a floor of 2% and a cap of 4% per annum. Impact has also completed on the sale of Heeley Bank, a 67-bed care home in Sheffield, South Yorkshire,...

Hamberley to build rehabilitation centre and care home

Hamberley Development has completed a deal to acquire land in Southampton, Hampshire, to build a neurological rehabilitation centre and an 80-bed care home. The Inspire Neurocare centre will support the University Hospital Southampton NHS Trust and the University of Southampton. The care home on the site will be operated by Hamberley Care Homes. Hamberley Development worked with landowners Barker-Mill Estates and its agents Keygrove Chartered Surveyors for seven years to obtain planning permission for the development. The care home will include en-suite bedrooms, café bistro, private dining room, hair salon and nail...

Hamberley to build rehabilitation centre and care home

Hamberley Development has completed a deal to acquire land in Southampton, Hampshire, to build a neurological rehabilitation centre and an 80-bed care home. The Inspire Neurocare centre will support the University Hospital Southampton NHS Trust and the University of Southampton. The care home on the site will be operated by...

HM meets…Mike Moran MBE

Rutherford Health has expanded rapidly in the last five years and is beginning to diversify with the opening of its first Community Diagnostics Hub last month. Co-founder and CEO Mike Moran MBE talks to Maria Davies about the company’s...

BHSF posts £9.3m surplus as Covid pegs back claims

Cash plan and employee benefits provider BHSF said it had ended 2020 in a ‘much better position’ than anticipated after the surge in claims expected following exit from the UK’s first Covid lockdown did not materialise. Following improved revenue in 2019, earned premiums net of reinsurance dropped from £41.4m to £39.7m in the year ended 31 December 2020. BHSF said...

King Edward VII’s Hospital partners with Chrysalis Finance

King Edward VII’s Hospital in London has partnered with Chrysalis Finance to provide flexible funding solutions for self-paying patients.  The move comes against a backdrop of increased demand for self-pay treatment as the NHS struggles to recover electives. Patients will be able to spread the cost of treatment on selected All-Inclusive Fixed Price Packages by choosing from a range of payment plans. Payment options cover...

LycaHealth acquires KIMS Hospital in Kent

LycaHealth, part of the multi-national Lyca Group, has acquired a majority stake in KIMS Hospital in Kent. Financial details of the transaction have not been disclosed but reports suggest LycaHealth...

Priory books revenue increase despite Covid disruption

Priory Group has reported a 1.2% increase in revenue to £872.2m in the year ended 31 December 2020 as changes in case mix combined with annual fee increases and...

InHealth remains in strong position despite Covid losses

Diagnostic and imaging provider InHealth Group has said the outlook for the group remains strong in the face of anticipated high demand for its services despite the hit to...

Netherlands: Onward Medical prices IPO at €12.75

Netherlands-headquartered Onward Medical, a medical technology company developing and commercialising therapies to enable functional recovery for people with spinal cord injury, has priced its IPO in the middle of the marketing range at €12.75. Some 5.9 million new shares were placed, raising €75.2m (US$87.5m). There is a 15% over...

Feature: DAC Beachcroft’s Stan Campbell and Savills’ Lydia Brissy look at healthcare real estate trends in UK and Europe

There have been two major disruptors in UK and European markets in recent years: Brexit and the Covid-19 pandemic have impacted on investment trends and driven investors to look more closely at healthcare real estate as an asset class, an asset class which now rivals only logistics.  Stan Campbell, partner at DAC Beachcroft, and Lydia Brissy, Director European Research at Savills, discuss what is coming next for healthcare real estate in the UK and Europe, and what this means for investors with an eye on the future A mixed landscape...

Medical travel 2022: are you in or out?

The tourism sector is increasingly embracing technology and sustainability, and future success will integrate tourism with technology, culture, the internet, finance, and sustainability.  In 2022, if organisations in the medical travel sector don’t adopt this approach, then it’s time get out, says Ian Youngman. The medical travel sector often thinks that...

Iran: new China deal encourages medical travel

Iran will open soon, while new economic deals will encourage medical tourism between China, Iran and Russia. The Ministry of Cultural Heritage, Tourism, and Handicrafts has announced that the country will soon lift restrictions on visitors, in an effort to boost the tourism sector. No specific date for the lifting of restrictions was given, but it has been reported that visitors who have been given two doses of the vaccine will be welcomed into the country first. Iran’s Ministry of Health reported that the number of infections in the country is falling. The government has been...

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