Wednesday, April 24, 2019

Independent. Intelligent. Insightful.

Octopus Healthcare raises more than £58m

Octopus Healthcare has raised £58.8m on the back of growing demand from institutional investors for healthcare real estate. The specialist healthcare real estate investor, which manages more than £1.7bn of institutional funds from a total of over £7.7bn under management, said the fundraise had seen investment from both new and...

Calls to end use of pain-inducing restraint techniques

Children with mental health issues, autism or learning disabilities should not be subjected to pain inducing techniques or solitary confinement while being detained, a...

Orbis strengthens management team

Orbis Education and Care has strengthened its senior management team with the appointment of its first ever chief operating officer (COO), alongside a new...

Learning disability and autism consultation extended

The government has extended its consultation on mandatory autism and learning disability training until Friday 26 April. The consultation, which opened on 13 February, has...

Anchor Hanover appoints ENGIE in £80m deal

Housing and care provider Anchor Hanover has appointed ENGIE as its strategic partner for internal and external repairs to its properties in a ten-year deal worth £80m. The energy, services and regeneration specialist has secured two of four regional contracts worth £40m each in the North and South. Internal and external...

Shift from care homes to supported living unstoppable, report finds

The adult specialist care sector has seen a slow but unstoppable shift from service provision in registered care homes to supported living services. Despite disappointment with supported living from some commissioners, there is no indication this shift will reverse due to popularity and the financing of these services, according to...

Lack of care services main factor for discharge delays

More than 200 patients died in Northern Ireland’s hospitals in 2017/18 while waiting to be discharged, a report from a terminal illness charity has concluded. The Marie Curie report, which investigated the impact that delayed discharges had on terminally ill people in Northern Ireland, found patients spent thousands of extra days in hospital beds after being declared ready to leave, with some dying while waiting. The data showed that discharge delays were caused by several factors, with the single biggest contributor being capacity in community care – in particular, lack of...

Impact Healthcare to raise at least £25m

Impact Healthcare REIT plans to raise at least £25m through the placing of new ordinary shares to help pay down its revolving debt facilities and fund investments. The issue price per new ordinary share will be 106 pence, which represents a discount of 2.3% to the closing price per ordinary share on 12 April of 108.5 pence. The placing is expected to close at 2pm on 9 May, with the results announced on 10 May. Impact will announce its unaudited net asset value as at 31 March on or around 1 May. Winterflood Securities...

Don’t turn back the clock on reform

The NHS must not abandon accountability for securing value and patient access, says IHPN's David Hare The NHS is undoubtedly going through a major period of transition. Following on from the publication of the NHS Long Term Plan in January, there have been a raft of subsequent announcements, notably around...

Octopus Healthcare raises more than £58m

Octopus Healthcare has raised £58.8m on the back of growing demand from institutional investors for healthcare real estate. The specialist healthcare real estate investor, which manages more than £1.7bn of institutional funds from a total of over £7.7bn under management,...

Vocare secures £10m urgent care contract

Vocare Ltd has been awarded a £10m contract to provide urgent treatment centre and GP visiting services to NHS Newcastle & Gateshead Clinical Commissioning Group. The company, which is a wholly-owned subsidiary of AIM-listed out-of-hours and urgent care provider Totally Plc, was awarded the five-year contract through its membership of the Newcastle Urgent Care Alliance. The £1.94m-a-year contract includes an option...

Vitality calls on businesses to help employees engage with health and wellbeing initiatives

Health insurer Vitality is calling on business leaders to help their employees engage with health and wellbeing initiatives after research revealed businesses could save £61bn per year by prioritising health and wellbeing. The data from Vitality’s Britain’s Healthiest Workplace study, developed in partnership with RAND Europe and the University of Cambridge, found that three-quarters of ill-health related absence and...

Nuffield Health partners with Leicester Real World Evidence Unit

Nuffield Health has partnered with Leicester Real World Evidence Unit to leverage the latest data analytics to design future health and wellbeing service delivery. The three-year project will bring together...

Choice agenda still stalling after more than a decade

There has been no improvement in public awareness of ‘patient choice’ in more than a decade, despite the legal right to a choice of hospital being enshrined in the...

Exclusive: Harley Street Medical Centre announces major expansion

The Harley Street Medical Centre has announced plans for major expansion across central London. The company, which is part of global healthcare brand UME Group, is making an initial capital...

India: Funds pour into Indian medtech

While much of the attention in recent months has been on India’s hospital sector, the country’s health-tech sector has been just as active – indeed there have been three deals in the past week. Gurugram-based medtech AI startup mfine has raised US$17.2m Series B funding, led by Japan-based venture capital...

Malaysia: Widad to build M$190.5m hospital in Selangor

Wardah Properties, part of conglomerate Widad Business Group, has given its construction arm Widad Group the M$190.5m (US$46.1m) contract to build a 200-bed multi-disciplinary...

Switzerland: Lyfegen HealthTech completes seed funding

Healthcare payments specialists Lyfegen HealthTech has raised SFr750,000 (US$739,000) in its seed financing round. The funding was led by Swiss private investors. The funds will be used to build out...

Gibraltar: GHA signs agreement with Hospiten

The Gibraltar Health Authority (GHA), the national publicly funded healthcare organisation of the British Overseas Territory of Gibraltar, has signed an agreement with Hospiten Group. The 1,200-bed Hospiten Group is...

Brunei: MoH signs healthcare PPP with Parkway Pantai

Brunei’s ministry of health has signed two PPP projects with Gleneagles JPMC, a joint venture between the government and Singapore’s Parkway Pantai, Southeast Asia's largest private healthcare provider. The projects,...

Malaysia: Smile-link shares jump 14% on debut

Shares in Malaysian dental chain Smile-link jumped almost 14% on their debut on Bursa Malaysia’s LEAP board today. The company raised M$10.4m (US$2.5m) by selling 95 million shares at M$0.11...

New Zealand: John Duncan appointed to PEB board

Cancer diagnostics company Pacific Edge has appointed John Duncan to the board as an independent director. “John brings extensive international experience with Macquarie Group and Hill Samuel at senior levels in investment banking, financial and capital markets advisory and mergers and acquisitions,” said chairman Chris Gallaher. “In particular; John’s experience in Asian markets, including Japan and Hong Kong is particularly...

Israel: Aidoc raises US$27m Series B

Tel Aviv-based Aidoc, which uses AI to analyse medical scans, has raised US$27m Series B funding led by Square Peg Capital. Fund raised will be used to grow Aidoc's technology and go-to-market team to support the high market demand for its products. "We feel a responsibility to get this technology into as many hospitals as possible, as soon as possible,” said...

Singapore: Fullerton partners with Health Catalyst

Singapore-based managed healthcare provider Fullerton Health has partnered with US-based analytics firm Health Catalyst to develop a strategic plan to use its data more efficiently. "Governments, corporations and insurers are increasingly focused on outcomes-based and managed care. At Fullerton Health, we are committed to building a patient-centric system that empowers informed decisions while creating value for stakeholders. We recognised that greater use of analytics is key to our commitment and chose to partner with Health Catalyst for success," said Fullerton Health president David Sin. The partnership will allow Fullerton to leverage...

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