CareTech raises £39m through placing

CareTech raised around £39m through the placing of 11m new shares and 2,060,091 sale shares on AIM, it announced today. Executive chairman Farouq Sheikh said: ‘We are delighted with the level of support for our oversubscribed fundraising. We would like to take the opportunity to…...

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Revenues up but Mears records pre-tax loss on homecare business

Listed homecare operator Mears reported revenues of £940.1m, an increase of 6.7% on the previous year’s £881.1m, for the year ended 31 March 2016. Turnover in its care business rose by 5% from £146m to £152.6m, reflecting the full-year impact of its acquisition of Care…...

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Improved occupancy rates boost Ludlow Street

Improved occupancy rates have helped boost turnover at mental health hospital provider Ludlow Street Healthcare. The company, which operates facilities in England and Wales, reported a 19% increase in turnover to £37.2m for the year ended 30 April 2016 following a 5.7% dip in turnover…...

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Diagnostics firm continues to expand

Diagnostic medical imaging provider European Scanning (Harley Street) has reported a 10% jump in turnover to £4.2m for the year ended 31 March 2016. The company said positive progress was made across its Harley Street facilities, with profitability maintained. However, the start-up losses of its…...

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Initial work begins on Harley Street proton beam facility

Excavation work is due to start on the site of Harley Street’s first proton beam therapy centre later this month, but the company behind the scheme said revisions to its timetable mean the first patients won’t be seen until 2020. Advanced Oncotherapy will operate the centre…...

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MedicX shareholders to vote on REIT conversion

Primary care property investor MedicX Fund Limited has announced plans to convert to Real Estate Investment Trust (REIT) status later this year subject to the approval of its shareholders. Following a consultation, the directors said they believed conversion to REIT status was now in the…...

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Ramsay stands down management team at ‘inadequate’ hospital

Ramsay Health Care has taken immediate action to ‘stand down’ the management team at its Oaklands Hospital in Salford following a damning report by the CQC, which gave the hospital an overall ‘inadequate’ rating. The regulator criticised the hospital for putting patient safety at risk…...

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IntraHealth questions sustainability of APMS contracts as profit tumbles

IntraHealth Ltd, the operator of a GP practice network in the north east of England, has reported a sharp fall in profit for the year ended 31 March 2016 despite a 33% leap in turnover to £24.8m. The company, which runs a primary care division,…...

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Consultant-led clinics boost DMC

Increased activity in the community service business boosted the performance of primary care provider DMC Healthcare in the year ended 31 March 2016. The company, which operates primary care and consultant-led clinics in the community, posted a 3% increase in turnover to £7.2m as NHS…...

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Ashley House’s profits suffer from supported living delay

Ashley House has reported difficulties financially closing extra care pipelines due to its local authority and housing association partners not committing to final arrangements until the outcome of the government’s consultation into supported living housing is known. This has led to the operator being unable…...

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Out with the old

In the aftermath of the collapse of the Uniting Care Partnership, procurement is being subject to a more rigorous scrutiny. Ann McGauran finds out what the new assurance process means for the future of NHS outsourcing The prospects for independent healthcare providers bidding to operate NHS-funded…...

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Law Commission proposes new legal safeguards

Thousands of vulnerable people with dementia and learning disabilities are being unnecessarily detained in hospitals and care homes as the Deprivation of Liberty Safeguards (DoLS) are unfit for purpose, the Law Commission has concluded. It said, following the Cheshire West ruling in 2014 which widened…...

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Getting direct

New overseas hospital operators are entering the central London private hospital market intent on shaking up the relationship between hospitals and consultants. Lisa de Sousa finds out if new models of direct employment could see practising privileges become a thing of the past Private healthcare…...

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AXA PPP extends virtual GP app deal

AXA PPP has entered into a new three-year deal with digital healthcare provider Doctor Care Anywhere to operate its virtual GP offering. The insurer signed its initial agreement with Doctor Care Anywhere to provide its [email protected] service in 2015 following a successful pilot with corporate client…...

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Higher investment sees losses deepen at The Practice

US-owned primary care provider The Practice has said that deeper losses reported in 2016 reflect investment for the future growth rather than a reduction in underlying trading. Turnover at the company, which is 75% owned by New York Stock Exchange listed Fortune 500 company Centene…...

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