Wednesday, January 19, 2022
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Investor appetite in sector to remain despite challenges, says report

Resurgence of M&A activity across the care market last year is predicted to continue in 2022, with investor appetite remaining strong. Releasing its annual outlook, Christie & Co reported a shortage of available stock and strong buyer demand was resulting in competitive sale processes. The business property adviser saw a rise...

Simply UK to grow portfolio with developments

Real estate developer and investment company Simply UK has begun construction work of a care home at Preston, Lancashire. The 69-bed property, which will feature views over Preston Marina, will consist of a separate 16-bed assisted living complex on site. Simply UK has also acquired a site in Exeter, Devon, its...

Capital ready to be unleashed in retirement communities, MPs told

The retirement communities sector has ‘historically failed’ to meet the needs of the middle market, with capital ready to be unleashed under the right framework. Paul Teverson, director of communications at McCarthy Stone, told a committee of MPs the mid-market was not being catered for, specifically areas in the Midlands...

Mansfield Advisors make three new additions

Health and social care consulting firm Mansfield Advisors has made three additions to its team, with Paul Fegan joining as a senior engagement manager, Johan Ottosson as a senior associate and Robert Clark as a junior analyst.  Fegan has joined Mansfield Advisors from NHS England, where he was a senior programme manager. Prior to this, he spent almost 15 years as an independent strategy consultant and engagement manager. Ottosson arrives at Mansfield Advisors from Business Sweden, where he was a senior manager. Before this role, he was a digital & strategy...

Active Care Group expands team post-merger

Active Care Group has appointed five clinical leads following its merger with The Huntercombe Group. Appointments across mental health, neurological conditions, autism and learning disabilities, and a professional lead for therapies will aim to complement existing leadership that includes medical and social work. Dr Nishchint Warikoo and Aimee Huxley have been appointed clinical leads for mental health, Dr Louise Reid and Dr Jyoti Evans for neurological conditions, Nina Bailey for autism and learning disability, and Gerry Roxburgh has been recruited professional lead for therapies. The new-look Active Care Group provides complex care...

ID Medical books 13% drop in turnover

Specialist staffing firm ID Medical Group has reported a small drop in operating profit as turnover dipped 13% to £114.8m in the wake of the Covid-19 pandemic. The company, which provides doctors, nurses and allied health professionals (AHPs) to hospitals in the UK, said it was satisfied with its performance...

Westfield anticipates post-pandemic dip in insurance demand

Health cash plan provider Westfield Contributory Health Scheme has said the impact of Covid-19 will be felt across both its insurance and non-insurance business for years to come despite reporting a ten-fold leap in its surplus in the year ended 31...

Income growth and cost control drive operating profit at IntraHealth

Income growth and ‘sound financial’ cost control were behind a 59% leap in operating profit at primary care provider IntraHealth Ltd last year. Group annual turnover increased by 6.2% to £21.7m in the year ended 31 March 2021, driven by stable performance in its GP division and growth across both its community pharmacy and clinical services divisions. The company, which operates eight...

Doctors warn new Covid contracts will negatively impact private patient care

Doctors are warning that the latest agreement to treat additional NHS patients in private hospitals could have a negative impact on the care of private patients. The BMA said the contracts signed between NHSE and private hospitals earlier this month could result in more private patients having their care interrupted, including those undergoing treatment for life threatening conditions such as...

Mansfield Advisors make three new additions

Health and social care consulting firm Mansfield Advisors has made three additions to its team, with Paul Fegan joining as a senior engagement manager, Johan Ottosson as a senior...

Nick Costa appointed Ramsay Health Care UK CEO

Nick Costa has been appointed CEO of Ramsay Health Care UK. The hospital group’s chief operating officer since 2018, Costa is taking over from Dr Andy Jones, who has been...

Creating value through high quality care

Improving quality and safety while reducing the cost of care is a key aim for health systems worldwide. Dr Clare Morgan, Medical Protection Society Partnerships (MPSP), and Dr Mark...

Italy: Dompé signs strategic collaboration with Engitix and joins Series A for Engitix

Milan-based Dompé Farmaceutici, a biopharmaceutical company, has invested in the US$54m Series A funding round of UK-based biopharmaceutical company, Engitix. The companies have also signed a multi-year, multi-programme strategic R&D collaboration to support identification of new treatments against fibrosis and liver-associated solid tumours.  Dompé will provide access to its Exscalate...

Norway: Observe Medical’s acquisition values Biim Ultrasound at Nkr185m

Observe Medical, a Nordic-based medtech company focused on developing and commercialising medtech products, has acquired Biim Ultrasound, a Norway-based medical ultrasound technology company, for approximately Nkr185m (US$21m). The transaction will be settled in cash of Nkr50m and shares. The acquisition is intended to strengthen Observe’s global medtech platform. Biim Ultrasound has developed a unique, wireless and pocketable ultrasound probe, Biim, that can scan patients and review images in seconds. It is specifically used to guide needle and catheter insertions for dialysis and vascular access procedures. Biim's technology is patented,...

A new definition for medical travel in 2022?

Medical tourism is often described as travelling from one country to another, but often forgotten is travelling for treatment within a country. So where do you draw the line? In the USA, is it across state boundaries? In China is it to Hainan or Hong Kong? In Europe, where...

Medical travel increases to Dominican Republic

The Turks and Caicos Islands state paid US$7 million for medical procedures in health centres in the Dominican Republic in 2021. From January 2022, the two countries will also strengthen health tourism and educational programmes aimed at the medical profession.  One health cluster in the Dominican Republic is also proposing a shift from promoting low-cost treatments to an offer based on quality and value. The Dominican Republic, a leader in medical tourism in the Caribbean region, is seeking to expand its reach and market share.  Decree 787-21 of President Luis...

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