C&C acquires majority of Ark Home Healthcare

Ark Home Healthcare has been offloaded by private equity fund Core Capital for an undisclosed sum to City and County Healthcare Group, with MiHomecare and Westminster Homecare also acquiring some branches. Core Capital established Ark in 2010, creating a domiciliary care business that offers help…...

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Vitality enhances GP app

VitalityHealth has launched a new app-based GP service, which it says provides a full ‘clinic in your pocket’ experience for its members. The enhanced Vitality GP app is an evolution from the insurer’s original virtual GP service launched in 2015. As well as providing GP…...

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Southern strategy increases Hallmark’s profits

Hallmark Care Homes Group reported a 6.5% rise in revenues from £52.4m to £56.3m for the year ended 31 March 2017. Cost of sales stood at £32.2m (2016: £29.m) and administrative expenses were £13.3m (2016: £16.6m), leaving an operating profit £10.8m, a 72.2% increase on…...

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Care England wins right to intervene in sleep-in appeal

Care England has now joined the sleep-in fray after winning the right to intervene in Mencap’s Court of Appeal case, due to be heard next month.  The representative body has been given leave to pursue new arguments not yet considered in the appeal to the Royal Mencap Society vs Tomlinson-Black…...

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Future lease costs leave Avery just in the red

Avery Healthcare Holdings reported a 7.7% rise in revenues for the year ended 31 March 2017 from £126m to £135.8m. Cost of sales were £72.9m (2016: £67.2m) and administrative expenses stood at £64.3m (2016: £59.7m). Exceptional administrative expenses of £10.4m (2016: £11.1m) arising from future…...

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Is there a doctor on the payroll?

There is an increasing trend towards employment of doctors in the private hospital sector, marking a shift away from traditional models of self-employment. James Rhodes, partner at international law firm, DAC Beachcroft LLP, takes a look at those factors and the employment law implications for…...

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Solutions to the adult social care funding crisis?

Analysis of the five most commonly raised solutions to the adult social care funding crisis in England has been published by The King’s Fund and the Health Foundation. After reviewing relevant literature, speaking to two stakeholder groups, Approaches to Social Care Funding aims to identify…...

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Vitality reports fall in average renewal fee rates

VitalityHealth has reported lower average renewal increase fees after changing its pricing structure to reflect clients’ desires to see their healthcare engagement taken as a measure. The insurer’s updated ABC pricing system now includes a client’s increasing Age; a person’s Base medical inflation rate, and…...

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‘Cracking’ results from PHP

Primary Health Properties (PHP) described 2017 as a ‘cracking’ year today after announcing a 110.3% surge in pre-tax profit to £91.9m. The healthcare REIT said net rental income had increased by 7.1% to £71.3m. The £4.7m increase included, £3.7m from acquisitions, £1m from developments completed…...

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Funding uncertainty hits GPIC

Revenue at primary care property developer General Practice Investment Corporation (GPIC) plummeted by almost 80% to £1.1m in the year ended 31 March 2017. The company, which entered into a joint venture with primary care property investor MedicX last year, said funding uncertainty and structural…...

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Orders of St John reports ‘muted’ financial performance

Described as a ‘muted’ financial performance, not-for-profit operator The Orders of St John Care Trust (TOSJCT) reported income of £116.2m for the year ended 31 March 2017 on its care home and extra care estate, a 5% increase on the £110.6m achieved the previous year…....

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Losses continue for C&C

The parent company of City & County Healthcare continued to report significant losses in the year ended 31 March 2017. C&C Topco Limited reported revenues of £157.3m, comprising £152m from continuing operations and £5.2m from acquisitions, a 27% rise on the £123.8m achieved the previous…...

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Legal headwinds in 2018

Partner at Simmons & Simmons Jocelyn Ormond outlines some key legal risks for UK investors over the coming year Appetite for UK social care assets remains robust coming into 2018, but effective due diligence remains critical to any successful investment. Commissioning, pricing, care quality, staffing and…...

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Smart homes could save NHS and social care billions – IMechE

Financial incentives should be introduced for construction companies to create 78,000 adapted smart homes per year over the next decade. According to a report published today by the Institute for Mechanical Engineers, these modified homes could save councils and the NHS billions of pounds each…...

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More housing for older people needed says CLG Committee

The House of Commons Communities and Local Government Committee has called on the Government to recognise the link between homes and health in the forthcoming Green Paper.     It said a national strategy for older people’s housing is needed in order to bring together and improve policy in this area.  Central to this…...

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Slowdown in the city

The latest Private Acute Medical Care in Central London report from LaingBuisson points to a slowing of the growth enjoyed by central London’s private hospitals over the last decade. But, according to report author Ted Townsend that’s not putting off overseas investors Growth for independent…...

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Offshore caring

Sarah Whitebloom looks at the difficulties in finding out exactly who owns who in UK care Quis custodiet ipsos custodes? Who guards the guards? Depending on the translation, it is the watchers who need watching. Maybe, though, it should be ‘the carers’, since Juvenal’s question…...

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InProgress: the latest care developments

Care developer Albion Care Communities has acquired a 70-bed care home site spanning 2.68 acres in Hereford. The site has full planning permission secured by property developer Prime Developments and will be operated by Dormy Care Communities. Hallmark Care Homes has acquired former Embrace Group…...

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