NMC signs JV agreement to create major Saudi healthcare business
NMC Health has signed an agreement to enter into a joint venture with the investment arm of Saudi Arabia’s largest pension fund to create a major private healthcare platform in the Kingdom. Under the deal, NMC will transfer all existing assets in the Kingdom into…
Fit for Work holds back Health Management
Health assessment and occupational health services provider Health Management Ltd has reported a 5% dip in turnover to £45.8m for the year ended 30 June 2017 due to contract performance along with a decline in customer numbers and reduced volumes in its occupational health business….
Viapath reports continued revenue growth
Viapath, the pathology provider previously known as GSTS Pathology, has reported an 8.7% increase in revenue to £114.3m for the year ended 31 December 2017 following the first full year of its contract to provide pathology services at Princess Royal University Hospital in Kent. However,…
Life looks to overseas expansion as Alliance makes for ‘compelling growth story’
South African healthcare giant Life Healthcare has said up to half its revenue could come from international operations by 2022 after announcing a solid first half buoyed by its 2016 acquisition of UK diagnostics firm Alliance Medical Group (AMG). Revenue was up 17.5% to R11.3bn…
Advanced Oncotherapy announces new long term investor
Advanced Oncotherapy has received £10m from its Chinese distribution partner Yantai Cipu. The payment completes Yantai Cipu’s £30m investment in the AIM-listed proton beam therapy developer, which plans to open its first centre in London’s Harley Street in 2020. The company also announced that all…
European interests drag down Mediclinic
South African hospital group Mediclinic has racked up accounting losses of £492m following recognition of non-cash impairment charges against Spire and its Swiss hospital group Hirslanden. The company, which acquired its 29.9% stake in Spire for £432m in 2015, said the market value of its…
Assura reaps the benefits of scale
UK Reit and primary care property investor Assura Group today announced a 22.3% jump in its rent roll to £91m as it reaped the benefits of increased scale. The company, which raised over £400m from its equity placing last July and share issue in December, added…
ICS buys ProClinical
Specialist health and social care staffing provider Independent Clinical Services (ICS) has announced the acquisition of ProClinical Limited for an undisclosed sum. ProClinical specialises in the supply of highly qualified across the life sciences and pharmaceuticals sectors. It has seven offices across five countries and…
MedicX moves to fully covered dividend
Primary care REIT MedicX has announced plans to move to a fully covered dividend as it reported steady first half results. Following a recent strategic review by the board and in consultation with major shareholders, the company said it would transition to a fully covered…
Further acquisitions drive Elysium expansion
Elysium Healthcare has continued its expansion with the acquisition of three sites from St Georges Healthcare Group for an undisclosed sum, taking its portfolio to over 50 sites. Subject to regulatory clearance, the BC Partners-backed mental health provider will add St Mary’s Hospital, All Saints…
