Independent. Intelligent. Insightful.

Target offloads two care homes

Target Healthcare has disposed of two care homes in Surrey and Essex for an undisclosed sum. The disposals follow offers received which combined are greater than 5% above the 31 March 2019 book value. The homes represent less than 3% of the portfolio’s value, Target said in a statement. Whilst both...

Costs of SEN services breaking budgets, council leaders warn

Spiralling costs of special educational needs (SEN) services could eventually ‘break’ council budgets as the number of pupils on Education, Health, and Care Plans...

New Century Care promotes Phil Smith to role of md

New Century Care has promoted Phil Smith to the role of managing director. Smith, who has taken over from Nick Yarrow, spent almost four years...

Inappropriate housing making older people feel ‘trapped’

Housing is increasingly disconnected from public transport and social infrastructure leading to people to grow old in homes that are not suited to how...

Voyage Care makes addition as revenue grows

Voyage Care has bought supported living provider Fox Elms Care Ltd in Gloucestershire for £2.4m as it continues to increase the number of people it supports. Fox Elms provides support to 35 people in Gloucester, Cheltenham, Churcham and Stroud and the acquisition represents a significant step in Voyage’s strategic growth. The...

PrimeLife buys Springhill Care Group

PrimeLife has bought Springhill Care Group in a deal involving AEW UK Real Return Fund (RRF). The transaction involves PrimeLife selling the freehold of two Lancashire homes to AEW RRF for £11.5m under 30-year leases with annual reviews linked to the retail price index. Springhill Care Home in Accrington is registered...

More understanding of overheating risks in care homes needed

A plan to address the lack of understanding of overheating risks in care facilities is needed, an independent public body has warned. A Committee on Climate Change report said that many frontline health and social care staff reported being unaware of any local heatwave plans, and were unfamiliar with the Heatwave Plan for England (HWP) guidance. The purpose of the HWP is to reduce summer deaths and illness by raising public awareness and triggering actions in the NHS, public health and social care to support people who have health circumstances that...

Tech and care organisations unveil case for learning disability deal

Hft has set out a case for a deal with the government to help transform the learning disability sector and the way care is delivered. It has outlined key arguments for a ‘sector deal’, which would aim to encourage and promote investment and innovation in the sector through increasing the use of assistive technologies. Sector deals are partnerships between the government and industry on sector-specific issues that can create opportunities to boost productivity, employment, innovation and skills. Hft’s officially launched its report, which is supported by Tunstall Healthcare, at the House of...

Placement Group grows despite challenging market conditions

Healthcare recruitment specialist the Placement Group has announced a 3% increase in turnover to £29.4m for the year ended 31 December 2018 despite wage caps in the NHS and new tax rules for local GPs. The company, which provides doctors, nurses and allied health professionals across a broad spectrum of...

Vanguard moves into Australian market

Mobile operating theatre specialist Vanguard Healthcare Solutions has launched an Australian subsidiary as part of its international growth strategy. Q-bital Healthcare Solutions pty Ltd was set up following market testsing at the end of last year and has now delivered...

Bupa Cromwell Hospital and GenesisCare partner to launch cancer treatment centre

Bupa Cromwell Hospital and Australian-owned radiotherapy and cancer treatment specialist GenesisCare have entered into a partnership to create an internationally recognised centre of excellence at the hospital in Knightsbridge. The centre, which will be called GenesisCare Centre for Radiotherapy at Cromwell Hospital, will expand the hospital's existing radiotherapy services and provide a comprehensive combination of treatment options for all tumour groups,...

Denplan hit by axe of IT project

Dental capitation plan provider Denplan has been pushed into loss after abandoning a large-scale IT project. The company, which was acquired from AXA UK by SimplyHealth for £115m in 2012, axed the project following a review of internally developed tools and software, which concluded they were unfit for adaptation to emerging digital technology. As a result, it was hit by...

Losses deepen at Mastercall as trail projects end

Out of hospital care provider Mastercall has reported a £1.3m dip in turnover to £11.5m following completion of a number of trial projects. The social enterprise, which operates a range...

Phoenix Hospital Group acquires Baddow Hospital

Phoenix Hospital Group (PHG) has expanded outside of central London for the first time with the acquisition of Baddow Hospital in Chelmsford, Essex for an undisclosed sum. PHG, which specialises...

Schoen Clinic signs promotional deal with golf champions

Schoen Clinic London has teamed up with four Open Champion golfers to showcase its specialist approach to orthopaedic healthcare. The German company, which opened its first specialist orthopaedic centre in...

Georgia: GHG signs agreement with JSC David Davarashvili Clinic

Georgia Healthcare Group (GHG), the largest healthcare services provider in Georgia, has signed a cooperation agreement with JSC David Davarashvili Clinic, one of the country's leading maternity houses. Under the cooperation agreement, it will lease a 2,400 sq m space at GHG's referral hospital, Iashvili Tertiary Referral Hospital, the cornerstone...

Europe: Ray Berglund joins Alvarez & Marsal

Professional services firm Alvarez & Marsal has appointed Ray Berglund to help spearhead its effort in expanding its healthcare practice in Europe. Berglund will be...

Australia: Maria Maieli named interim CEO at Ellex

Australian ophthalmic laser specialists Ellex Medical Lasers has appointed Maria Maieli as interim chief executive officer. Ellex's current CEO, Ged Wallace has resigned effective immediately. No further details of the...

HMi meets… Giuseppe Recchi

Giuseppe Recchi believes that the healthcare industry is still under-consolidated. The chief executive officer of Affidea Group talks expansion, data and putting patients first.  Affidea is Europe’s largest medical services...

New Zealand: Arvida raises NZ$92m for recent acquisition

Retirement home operator Arvida has raised NZ$92m (US$62.3m) in a fully underwritten 1-for-5.7 pro rata renounceable rights issue. Approximately 69 million new shares were taken up by shareholders, representing approximately...

Global: Healthcare remains safe bet for equity investors

Healthcare remains a steady sector for global equity investors. It has avoided much of the recent market turbulence, and the share prices of the three healthcare companies that have...

Consolidation and Optimisation

Arnaud Sergent, partner, Serge Hovsepian, partner, and Jean-Guillaume Bayada, principal at L.E.K. Consulting, look at the rapid consolidation in France’s private healthcare market and where opportunities still exist.  French private healthcare services markets have experienced a profound transformation in the past few years, driven by volume growth, regulatory pressure and increased investment needs. This has led to a fundamental reshaping of...

Singapore: Thomson Medical sells maiden bond

In its first foray into the bond market, Thomson Medical Group, Singapore’s second-largest healthcare group, has sold a S$225m (US$165.8m) three-year bond at 4.8%. The bond sale is off a S$500m (US$360m) multi-currency debt programme that it set up at the start of the month. Guidance went out at low 5% area. Unsurprisingly, demand for the paper was what Thomson called “robust”...

Austria: Archimed acquires EUROLyser

France’s Archimed has acquired Salzburg-based diagnostics company EUROLyser and its main distributor EuroLab. No financial terms were disclosed. The deal was triggered by the retirement of one of EUROLyser’s co-founders. EUROlyser designs and engineers point-of-care testing devices and kits, sold primarily in Germany and Europe and, in increasing numbers, in the US and Japan. Co-founded by chief executive Michael Gruber in 2005 – who will continue in his position following the management buyout – EUROlyser’s revenues and profits are growing in excess of 10% a year. “ArchiMed is not just any investor, they...

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