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…
Decline in NHS activity pushes income down 9% at HMT
The Healthcare Management Trust (HMT) has said reductions in both NHS activity and NHS tariff prices were behind a 9% drop in total income for the year ended 31 December 2017. NHS work accounts for roughly 60% of activity across HMT’s two hospitals – St…
Losses deepen at Colosseum as dentist shortage continues
Colosseum Dental UK, part of the pan-European Colosseum Dental Group owned by Jacobs Holdings, has reported an operating loss of £3m for the nine months ended 31 December 2017. The dental chain operator said the short trading period, which excludes the traditionally strong January to…
Admissions fall but income up at Benenden
Benenden Hospital Trust has reported a 14% jump in income to £36.5m for the year ended 31 December 2017 despite a fall in referrals. The Kent-based hospital, whose controlling body is Benenden Healthcare Society, said admissions from members of the Society were down 10% on…
Cygnet revenue surges as scale-up continues
Revenue has almost doubled at US-owned mental health provider Cygnet Health following its acquisition of Cambian Adult Services (CAS) at the end of 2016. The company, which was bought by Universal Health Services in 2014, has scaled up rapidly in the last two years, reporting…
Capio recommends Ramsay offer
Capio AB has withdrawn the proposed sale of its French operations to Vivalto Santé after its board recommended an improved offer for the entire business from Ramsay Générale de Santé’s (RGdS). Ramsay Healthcare-owned RGdS upped its initial SEK 48.5per share offer to SEK 58 earlier…
Assura confident ahead of H1 results
Primary care property investor Assura has said it remains confident in the outlook for the business after raising funds to continue its expansion. In a trading update for the first half of the year to 30 September 2018, the company said it had a pipeline…
ECI Partners snaps up 4Ways
Mid-market private equity firm ECI Partners has acquired teleradiology company 4Ways from Synova. Financial details have not been disclosed but Synova, which backed the company and its CEO Ajay Chadha in a management buyout in 2015, said it had achieved a return of 6x invested…
PHP buys key-worker property
Primary Health Properties (PHP) has acquired a key-worker accommodation unit in Northumbria for a £22.8m. The unit, which as is located next to Wansbeck General Hospital and let to Northumbria Healthcare NHS Foundation Trust, has an unexpired lease term of 29 years and is subject…
