Staffing agency completes MBO
Specialist care and nursing agency Acton Banks has completed a management buyout with investment backing worth £9.65m from private equity firm Maven Capital Partners. In addition, the nursing agency received ‘significant’ capital from its senior management team which will be used to expand the business…
Growth spurs NMC to raise full-year core earnings view
London-listed NMC Health has raised its full-year core earnings view following solid performance the second half of 2018, predicting ‘strong organic growth’ will continue next year. The United Arab Emirates-based healthcare group expects revenue will grow by 2% to 24% in 2019. NMC has increased…
Flat PMI growth leading to innovation, LaingBuisson report finds
PMI markets have remained ‘stagnant’ for the second year running, but a new trend of insurers repositioning themselves as ‘health and wellbeing’ providers could help grow the market, LaingBuisson research has found. The data company’s Health Cover market 15th edition, reported that total spend on…
‘Significant’ M&A growth in dentistry but creeping workforce challenges, says report
M&A activity in the UK dental market has seen ‘significant’ growth in recent years, but maintaining the supply of dentists could become a challenge, research by Christie and Co suggests. There are over 41,000 dentists and 116,000 dental professionals working in roughly 12,500 dental practices…
Cosmetics sector still in need of tighter regulation
The cosmetics industry is more stable than it has been in the past but still needs tighter regulation, according to Sally Taber, director of the Independent Sector Complaints Adjudication Service. Speaking at the LaingBuisson Private Acute Conference last week, Taber said that despite moves towards…
The key to good governance
IDF CEO Sue Smith argues why doctors should play a bigger role in hospital governance There will be very few in the healthcare sector who will have found the recent CQC report and Jeremy Hunt’s response, comfortable reading. Since then, much emphasis has been focused…
Mediclinic shares tumble as it warns of drop in earnings
Shares in international private healthcare group Mediclinic International plummeted this morning (17 October) after the London-listed company flagged an 8% drop in EBITDA to £214m for the first half of 2018. The Group, which has a 29.9% stake in Spire Healthcare, attributed to its lacklustre results…
Wind-up of loss making contracts boosts profitability at IntraHealth
IntraHealth has reported an 8.1% drop in turnover to £24.3m for the year ended 31 March 2018 following the cessation of five loss-making APMS contracts in its general practice business. However, the company, which operates a network of GP practices across the North East, said…
Virgin Care GP practice put in special measures
A GP practice run by Virgin Care in Essex has been placed in special measures by the Care Quality Commission (CQC), which said a lack of leadership was undermining the delivery of safe care at the surgery. Church Lane Surgery in Braintree, which is part…
Apposite Capital appoints investment executive
Apposite Capital has appointed Lauren Edison as investment executive. Edison joins the private equity firm from Jefferies International where she was a healthcare investment banking analyst. She advised on a number of sellside and buyside European M&A, product licensing and public capital raises across the…
