Wednesday, February 21, 2024
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Greensleeves Care expands provision with acquisition

Greensleeves Care has expanded its not-for-profit provision with the acquisition of Broadacres, a residential care home in Barton Turf, Norfolk. An independently owned and run home, Broadacres has been operating for nearly 40 years. With capacity for 28 residents, the property was converted from a private residence in 1986 and...

Profitability dip at Liaise Group as recruitment pressures bite

Recruitment pressures and increased use of agency staff impacted profitability at Liaise Group, as economic challenges continue to impact the sector. Results for the year ended 31 March 2023, showed turnover rose 7.4% to £34.8m (2022: £32.4m), while costs of sales grew 15.8% to £26.4m (2022@: £22.8m), resulting in a...

LNT Care Developments buys 66-bedroom lakeside site

LNT Care Developments has purchased a 66-bedroom care home site in Halling, Kent, from Aspire LPP for £2.9m. Commercial real estate firm Colliers negotiated the deal, which also includes the lease of a new Tesco store under construction within the two-acre site. Planning permission has been secured for the development of...

Refocusing of health and care system needed, report concludes

Failure to grow and invest in primary and community health and care services is one of the most ‘significant and long-running failures’ of policy for more than 30 years, a report published by The King’s Fund has concluded. It calls for a refocusing of the health and care system to put primary and community services at the centre. The report, Making care closer to home a reality: Refocusing the system to primary and community care, proposes steps towards change, including reform of the ‘ailing social care system’, so that the ambition...

Lilli secures £8.2m to help power growth

Lilli has raised £8.2m in Series A financing to help scale up across the public and private health and care sectors. The funding, which was oversubscribed, comes off the back of its Pre Series A in March 2021. Both rounds were led by West Hill Capital and will support the company’s growth and help people to live independently in their homes for longer. Lilli is a SaaS company that uses monitoring technology. Through smart, non-intrusive tech, proprietary AI and machine learning, Lilli observes patterns and trends among users to give care...

Elan Laser Clinics goes into administration

Cosmetic treatment provider Elan Laser Clinics has gone into administration less than two years after it was established. Michelle Elliot and Anthony Collier, partners with specialist business advisory firm FRP Advisory, were appointed as joint administrators on 15 February and are now marketing the assets for sale with interested parties. Launched...

Reproductive health insurer raises £1.5m in pre-seed funding

Reproductive health insurance start-up Juniper has raised £1.5m in a pre-seed round led by Insuretech Ventures, supported by 2100 Ventures, Exceptional Ventures, and Heartfelt, alongside angel investors Vera Baker, Charles Delingpole, Matt Cooper, Tara Reeves, and others. The company, which...

The rise of the machines

Robotic and robotically assisted surgery is increasingly gaining traction in the UK. In the latest column from the Private Healthcare Information Network (PHIN), three of its healthcare data analysts, Amna Talat, Ashwani Sharma and Joshua Vaughan, along with graduate healthcare data analyst Dhirav Patel, dig deep into its data on this emerging trend Most Healthcare Markets readers will be...

Hartley joins Gleacher Shacklock

Independent investment banking boutique Gleacher Shacklock has appointed Dr Anthony Hartley as a partner, with a focus on building its healthcare business. Hartley has more than 30 years’ experience in healthcare, including almost 25 years in investment banking. He was previously head of EMEA healthcare investment banking at Citi. His experience also includes head of European pharmaceuticals at UBS and time...

GenesisCare emerges from bankruptcy with three distinct businesses

Australian-owned cancer treatment network GenesisCare has emerged from Chapter 11 bankruptcy after reorganising into three independent businesses. It now consists of GenesisCare Australia, GenesisCare UK and GenesisCare Spain. Each business will...

More than 15,000 medical professionals trained in independent sector

More than 15,000 medical professionals were trained in independent healthcare settings in 2022/23, according to new research by the Independent Healthcare Providers Network (IHPN). The figures include more than 11,000...

New team heads up Psychiatry UK

Digital mental health provider Psychiatry UK has appointed Nell Montgomery as CEO. Founded in 2012, the company has seen rapid growth, primarily driven by demand for ADHD assessments and services....

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