Business

Cancer Partners UK report a surprising about-turn in its accounts for the year ending June 30 2011.Following a tough 2010 which saw it make...

Tunstall Healthcare Group the UK telecare and telehealth provider has acquired STT Condigi, a leading provider of technology and services to the elderly home...

Bupa, the international healthcare group saw its business grow in the year ended 31 December 2011, much of it down to international performance. Revenue for...

NHS and private dental practices group Pearl Topco reported turnover for the year of £220.4m (2010: £185.6m) against an operating profit of £12.9m (2010:...

Primary care services provider The Practice plc recorded massive revenue growth for the fifteen month period to 31 March 2011 but went further into...

Mental health hospital provider Mild Professional Homes, trading as St Luke’s Healthcare, has fallen into administration unexpectedly. Joint administrators from Grant Thornton have been appointed. They...

Independent sector treatment centre (ISTC) provider UK Specialist Hospitals (UKSH) posted a large increase in turnover to £62.7m from £32.9m in 2010 and turned around a pre-tax loss of £1.2m for 2010 into a £5.6m profit before tax for the year ended 31 March 2011. The loss in 2010 had reflected primarily non recurring pre-opening expenditure incurred mobilising three new treatment centres’ in Bristol, Devizes and Cirencester. Cost of sales rose sharply from £26.5m to £43.5m and gross profit rose significantly from £6m to £19.1m. Debt due within one year stood at £17.1m (2010: £14.1m) and long term debt stood at £11.1m (2010: £18.8m). Net liabilities at year end were £761,368 (2010: £5.4m) and the group had £11.2m cash in hand.

Mental health hospital provider Mild Professional Homes, trading as St Luke’s Healthcare, has fallen into administration unexpectedly. Joint administrators from Grant Thornton have been appointed. They will run the company as normal while a new owner is sought.

Maiden accounts from operator of GP practices Malling Health Limited saw the group record turnover of £12.1m and a loss before tax of £72,452 in the year to 31 March 2011. The directors saw 2010/11 as a year in which the focus was on consolidation of its existing position and it considers the financial loss small in the light of the existing financial and healthcare economic position’.

RJD Partners (RJD) has realised its investment in women’s mental health services provider Raphael Healthcare, through a refinancing funded by new debt facilities provided by the Bank of Ireland in combination with funds from the management team and the company’s cash reserves.