Saturday, February 16, 2019

Independent. Intelligent. Insightful.

Immigration rethink needed, Scottish Care leader tells MPs

Proposals set out in the immigration white paper do not adequately address the needs of the social care sector north of the border, a group of MPs have been told. Giving evidence to a government committee on immigration in Scotland, Dr Donald Macaskill, Scottish Care chief executive, said the social...

End of life care plans lacking, says survey

Seven in ten people have no plans in place should they need end of life care. Research by Which? has revealed a lack of awareness...

Britons have negative outlook about getting old, says survey

Britons are overwhelmingly negative about old age with only three in ten (30%) agreeing that they are looking forward to getting older. Half (50%) of...

Adult social care tops long-term financial pressures for councils

Adult social care has been rated as the leading long-term financial pressure for local councils in England, the 2019 State of Local Government Finance...

Commons told mental capacity bill ‘not fit for purpose’

Care home managers will have too much power under proposals set out in the Mental Capacity (Amendment) Bill, Shadow Minister for Health and Social Care Barbara Keeley has told MPs. Speaking in the House of Commons on Tuesday (12 February), Keeley said the bill was ‘simply not fit for purpose’,...

Property slowdown hits Aveo’s profits

Australian retirement village owner and operator Aveo Group has reported challenging first half results as the Sydney-based group confirmed that it is assessing a number of buyout bids. Profits fell almost 130% to a loss of A$44.7 million (US$31.9 million) on revenues that dropped 31% to A$144 million. The broader property...

Supreme Court grants permission to appeal sleep-in judgment

The Supreme Court has granted permission for an appeal against last summer’s judgment affecting care workers on sleep-in shifts. The Unison-backed case – taken on behalf of care worker Clare Tomlinson-Blake – argued that sleep-in shifts should count as working time and be paid at least hourly minimum wage rates. It lodged its application in August after the Court of Appeal decided in favour of Mencap – that it is only time spent awake and working which is counted during a sleep-in shift. The court held that employees were not entitled to...

SeniVita Social Estate plans capital reduction ahead of IPO

German care homes developer SeniVita Social Estate is to embark on a capital reduction ahead of a long-awaited IPO in Frankfurt. The 5:1 reduction in capital from €10 million (US$11.3 million) to €2 million was approved at the annual general meeting. In a statement, the group emphasised that the capital reduction will not change the current shareholding, only the amount of the share capital. The change is targeted at its bondholders and should improve the conversion ratio in favour of holders of its outstanding convertible bond against the backdrop of the...

Revenue up at DMC as consultant-led business expands

DMC Healthcare has announced an 16% rise in turnover to £10.7m for the year ended 31 March 2018 as it continued to expand its operations. The company, which operates primary care and consultant-led clinics in the community, said the UK primary care market had changed substantially in the last few...

High patient volumes hit margins at BrisDoc

High patient volumes have continued to impact on margins at primary care provider BrisDoc Healthcare. The company, which provides out-of-hours GP services, walk-in centres and urgent care facilities in Bristol, North Somerset and South Gloucestershire, said patient consultations were 50%...

HM meets…Dr Tony Romero

As the government sets out its objectives for mental health in its new Long Term Plan for the NHS, Cygnet Health Care CEO Dr Tony Romero talks to Maria Davies about the funding models and outcomes measurements he would like to see at the heart of change Change is afoot in the mental health sector. For years, government policy has...

GP at Hand gets green light for Birmingham expansion

NHS England (NHSE) has given the green light for Babylon Health to expand its virtual GP service, GP at Hand, in Birmingham. NHSE blocked plans for the roll-out of the London-based digital GP platform last summer after NHS Birmingham and Solihull Clinical Commissioning Group (CCG) raised concerns over patient access to screening and immunisation services. However, it said this week that...

Priory closes new hospital after ‘Inadequate’ CQC rating

The Priory Group is closing a newly opened low secure hospital for young people after it was placed into special measures by the CQC. The Priory Hospital High Wycombe opened...

New private hospital opens in Yorkshire

A new private healthcare provider backed by HSBC has opened its first multi-specialty acute private hospital in Yorkshire. Kinvara Private Hospital has opened on the former site of the New...

Integral Medical shifts strategy after evergreen contracts peg back profits

Limited profitability from evergreen contracts held back earnings for primary care provider Integral Medical Holdings last year. The company, which was established in 2013 and operates a network of over...

Rosenklinik joins Swiss Medical Network

Swiss Medical Network, the second largest group of private clinics in Switzerland, has acquired an initial 40% stake in Rapperswil-based Rosenklinik in the canton of St Gallen. Financial terms have not been disclosed. It intends to the clinic in its entirety by the end of 2022. Founded in 1995, Rosenklinik has...

TPG Capital set to acquire India’s Medanta

The battle to take over Global Health, which owns, manages and operates the Medanta hospital chain, is hotting up again. This time global private...

ADB to boost health spending by 35% in 2019

The Asian Development Bank has said that it intends to increase spending on health projects this year by 36% to more than US$700 million. In 2018, ADB loan and grant...

The cost of a cyberattack

A Frost & Sullivan study commissioned by Microsoft has found that a cyberattack incident could cost a large healthcare organisation in Asia Pacific an average of US$23.3 million. For mid-sized healthcare...

Property slowdown hits Aveo’s profits

Australian retirement village owner and operator Aveo Group has reported challenging first half results as the Sydney-based group confirmed that it is assessing a number of buyout bids. Profits fell...

SeniVita Social Estate plans capital reduction ahead of IPO

German care homes developer SeniVita Social Estate is to embark on a capital reduction ahead of a long-awaited IPO in Frankfurt. The 5:1 reduction in capital from €10 million (US$11.3...

HMI profits hit by forex and startup costs

Half yearly profits at SGX-listed but Malaysian-focused private healthcare provider Health Management International (HMI) have been hit by forex losses as well as startup costs for the group’s new specialist centre in Singapore. For the second quarter, profits fell 28.4% to M$11.3 million (US$2.8 million) on revenues that were up 10.9% to M$128.6 million. For the first half of the...

OCBC downgrades First REIT to sell

Analyst Joseph Ng at OCBC Bank has downgraded First REIT, Singapore’s first listed healthcare real estate investment trust, to a “sell” based on concerns about its main revenue contributor and sponsor, Indonesian conglomerate Lippo Karawaci. “S&P Global has recently downgraded LK from B- to CCC+ with negative outlook, and has mentioned that they could lower the rating by one notch...

Sharjah Health signs MoU with Gruppo San Donato

Sharjah Health Authority (SHA) and Italy’s Gruppo San Donato (GSD) have signed an MoU that they say will shape the healthcare landscape of the Emirate. Gruppo San Donato will help with the various healthcare initiatives in Sharjah and support in attracting investments into Sharjah Healthcare City (SHCC). The agreement aims to strengthen cooperation in healthcare sectors that support the authority’s endeavours and to ensure that its services are provided by the best and most advanced international experts. The agreement was also in line with the Emirate’s ambition to uphold its...

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