Landlords take ownership of BMI
BMI Healthcare will be boosted by a cash injection of £60m alongside a £65m a year rent reduction following transfer of ownership to its landlords, the company announced today. Under the newly completed deal, the operating company will transfer to Hospital Topco Limited, the parent…
Health Shield revenue hits record high
Health cash plan provider Health Shield has reported solid results for the year ended 31 December 2017. The company, which acquired health screening and occupational health firm Prevent and PMI excess specialist Medex Protect during the year, said premium income had risen to the highest…
NMC Health reiterates guidance after rating downgraded
NMC Health has reiterated its guidance for 2018 and 2019, saying management remains comfortable with anticipated year-on-year EBITDA growth of 36% in 2018 and 18-20% in 2019. UAE-based NMC also repeated its expectations for top line growth of 24% in 2018 and 22-24% in 2019….
Rise in rental income and portfolio value drive growth at MedicX
Primary care REIT MedicX has reported a 35% surge in EBITDA to £65.5m for the year ended 30 September 2018 on the back of improved rental income and a leap in the value of its property portfolio. The company, which converted to REIT status last…
AMG grows on the back of increasing PET-CT demand
Diagnostics and imaging firm Alliance Medical Group (AMG) has posted an 8.4% jump in revenue to £283m for the year ended 30 September 2018 on the back of strong PET-CT growth in the UK and solid performance from its operations in Northern Europe, Italy and…
Assura continues to grow portfolio with strong pipeline
UK Reit and primary care property investor Assura Group said today that it continued to grow its portfolio and deliver for investors after announcing a 7% increase in rent roll to £97m in the first half. The company, whose portfolio was valued at £1.8bn at…
Sensyne enters deal with EY in bid for global scale
London-listed AI company Sensyne Health has entered into an agreement with professional services and accounting firm EY in a bid to create global capacity and scale. Under the deal, EY will provide ‘design and build’ specialist resources comprising strategy, analytics, cyber, valuation, risk and governance capabilities….
Netcare refocused on SA market after UK exit
Netcare has announced that it will return money to investors by way of a special dividend as well as expand in South Africa following its exit from the UK. South Africa’s largest healthcare group reported a marginal 8.4% increase in revenue for the year ended…
New business and improved cost ratio drives profit growth at Vitality
Vitality Health Limited has reported a 10% increase in net earned premiums to £364.3m for the year ended 30 June 2017. The insurer said the main driver of growth was the volume of new business sales through the ‘optimisation of the company’s range of business…
Fresenius revenue down after contract losses
Dialysis clinic operator Fresenius Medical Care Renal Services Ltd has had another tough year after earnings were impacted by the loss of nine tenders. The company, which is a wholly owned UK subsidiary of German firm Fresenius, reported turnover of £38.3m for the year ended…
