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Advinia owner threatens to exit sector over dispute with regulator

Advinia Health Care’s chairman and owner has threatened to exit the sector after claiming he is on the receiving end of ‘disproportionate action’ from the Care Quality Commission (CQC). Dr Sanjeev Kanoria has told Care Markets he is ‘very serious about exiting the sector’ due to what he has described...

The wellbeing of care workers

Karolina Gerlich, chief executive of National Association of Care and Support Workers provides insight into the organisation's latest research The National Association of Care and...

Shortages leads to agency staff use at Cornwall Care

A shortage of nurses led to greater use of agency staff at Cornwall Care, its annual financial report has said. The charity, which operates 16...

First Minister pledges to scrap non-residential social care charges

First Minister Nicola Sturgeon has pledged to scrap non-residential social care charges for everyone in Scotland if she is re-elected in two years’ time. Addressing...

Higher levels of care leads to 8% growth in fees at Greensleeves

Average weekly fees grew 8.2% to £942 (2018: £871) at Greensleeves Homes Trust reflecting inflationary pressures and higher care needs of its residents. Fees rose by £3.8m during the year ended 31 March 2019, while resident care costs grew by £3.4m. As well as inflationary pressures and rising care needs...

‘Express’ delivery to ensure care providers receive urgent medicines

Contracts have been awarded to three logistics firms to ensure care providers and patients have access to medicines and medical products after Brexit. The Department of Health and Social Care’s £25m Express Freight Service means medicines and medical products can be transported from the production point to where they need...

Derwent Living pilots virtual reality for older residents

Derwent Living is piloting virtual reality among its retirement living customers to help support good mental health and reduce social isolation. The virtual reality technology, in the form of headsets, allows wearers to view 360-degree video, and is useful for those suffering from dementia or mobility related illnesses. Each session is tailored for each individual, aiming to provide relaxation and stimulate memories. Mitch Allseybrook, customer engagement manager at Derwent Living said: ‘Those taking part will be able to select from a menu of options, including sensory walks, visiting art galleries and even...

Younger people would consider career in adult social care, survey finds

More than half (64%) of people aged 18-34 would consider changing jobs for a career in adult social care. A survey of 2,020 adults by the Department of Health and Social Care (DHSC) also found half of people aged 18-24 (57%) and 25-34 (56%) would consider changing career for a position that helped or supported others. The survey is part of the next phase of the department’s ‘When you care, every day makes a difference’ adult social care recruitment campaign, which aims to attract people into the sector. It will continue...

Market challenges continue for Fresenius Medical Care Renal Services

Dialysis clinic operator Fresenius Medical Care Renal Services Ltd has reported a 2% dip in turnover to £37.7m for the year ended 31 December 2018. The company, which is a wholly owned UK subsidiary of German firm Fresenius, said it continued to operate in an environment where its NHS customers...

Investing in digital healthcare

Dr Michelle Tempest, partner at Candesic and Barbara Pusca, principal at AlphaSkill, discuss how the complex digital world holds the potential of sustained returns for investors Let’s be honest, everyone has a home ‘junk drawer’ – that place where uncategorised...

Margins continue to fall as wage inflation hits Priory

Rising wage costs have continued to erode margins at Priory Group despite stable revenue growth. Priory Group No 1, which includes the healthcare segment, education division and adult social care, reported a 4% rise in revenue to £830.4m for the year ended 31 December 2018. Income was boosted by a change in the mix of patients, annual fee increases and...

Rutherford Health secures £20m from Triple Point

Rutherford Health today announced that it has secured a £20m facility with specialist impact investment manager Triple Point Investment Management. The company, formerly known as Proton Partners International, is building a network of proton beam therapy centres in the UK. It said the impact-linked pricing structure offered more favourable loan terms as patient numbers increase at the company’s cancer centres. Impact-linked investments are a form...

Out-of-hours GP service reports rise in revenue

The South East London Doctors Co-operative Ltd (SELDOC), the out-of-hours GP services provider operating in south London, has reported a 5% rise in turnover to £14.2m for the year...

Contract wins boost income at Working on Wellbeing

Occupational health and wellbeing provider Working on Wellbeing has announced a 9% jump in revenue to £30.2m for the year ended 31 December 2018 on the back of new...

Investment losses overshadow premium gains at Medicash

Health cash plan provider Medicash Health Benefits Limited has reported a 7% increase in premium income to £27.5m for the year ended 31 December 2018 as the number of...

Global: Deutsche poaches Nomura healthcare head

Although Deutsche Bank has been cutting back on some of its lines of businesses, it has poached Paolo Cicchine, Nomura’s global head of healthcare investment banking. Cicchine will join the German bank as vice-chairman of global healthcare and head of healthcare coverage in Europe and Asia at the beginning of...

Global: Tokyo named best hospital city in the world

Tokyo, Japan has been ranked as the best hospital city in the world for quality of care, top-ranking hospitals and accessibility. Digital healthcare providers Medbelle...

HMi meets… Richard Scott

Richard Scott is chief executive of IVI-RMA, the world leader in assisted fertility treatment. He talks to HMi about how the company was formed and what challenges it now...

Asia: It’s all about the valuations

In the search for higher valuations China’s Aesthetic Medical International and Singapore’s The O&G Specialists and both looking to list, but not in their domestic markets. Shenzhen-based Aesthetic Medical International...

Australia: Sonic sells US$550m US private placement

Sonic Healthcare has sold a US$550m private placement in the US to lengthen its debt profile significantly. The Australian international pathology, imaging and medical centres operator will use the...

UAE: True Smile Works opens first clinic in Dubai

True Smile Works Dental Network has opened its first clinic in Marsa Plaza, Dubai Festival City. The 6,000sqft clinic, which has six treatment rooms, provides services such as general dentistry,...

Saudi Arabia: Universities partner to fund cancer research

King Abdullah University of Science and Technology (KAUST) and King Abdul Aziz University (KAU) have signed an memorandum of understating (MoU) to work together and fund cancer research. The two universities are also partnering in other areas including energy harvesting and storage, solar technology, renewable energy and desert agriculture. The agreement is part of KAU’s plans to expand its partnerships and exchange...

Italy: Archimed sells Italian dental services Primo Group

Independent healthcare investment firm Archimed has sold Primo Group to private equity company Aksia for an undisclosed sum. Archimed acquired the Italian dental services chain in 2015 through its inaugural MED I fund, which closed on €150m (US$165.5m). Under ArchiMed’s ownership, Primo saw profits increase and revenues grow by 36%. Primo Group, founded in 2010 in Turin, Piemonte, has 50 directly owned...

UAE: Abu Dhabi Department of Health signs MoU with AI company

The Abu Dhabi Department of Health (DoH) has signed an MoU with Saal.ai to work together in developing advanced AI solutions for the healthcare sector. The agreement will allow the use AI solutions and products offered by Saal.ai to assist in improving the department’s internal functions and ecosystem, as well as advancing the services offered by healthcare providers for patients and people in the region. ‘We at the Department of Health Abu Dhabi have our eyes set on the future, working today to develop future strategic plans that shed light on...

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