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PMI providers should pool flex risk benefit
Jelf Employee Benefits, the health insurance intermediary has said more small to medium sized businesses and their employees could be introduced to a wider...
Benenden offers alternative ‘111’ service
Benenden Health, the mutual healthcare provider, is running an alternative service to NHS 111. Benenden Health provides a 24 Hour GP Advice Line to...
Monitor and CQC join forces
Monitor and the Care Quality Commission (CQC) have signed a new Memorandum of Understanding, strengthening the way both regulators will work together and share...
NMC Health gets $225m loan facility
NMC Health the leading integrated healthcare provider operating across the United Arab Emirates and listed on the FTSE 250 has completed a US$225m replacement...
Benenden offers alternative ‘111’ service
Benenden Health, the mutual healthcare provider, is running an alternative service to NHS 111. Benenden Health provides a 24 Hour GP Advice Line to...
GPSoC contract to improve competition
NHS England and the Health and Social Care Information Centre (HSCIC) has started a new procurement process for an expanded framework of IT services and solutions for GP practices. The new GP System of Choice (GPSoC) contract will replace the existing contract that has been in place since 2007.
Benenden offers alternative 111 service
Benenden Health, the mutual healthcare provider, is running an alternative service to NHS 111. Benenden Health provides a 24 Hour GP Advice Line to its members. The phone-line is serviced by qualified, UK-based GPs and even accepts calls from around the world, giving medical advice to Benenden health members who are abroad at the time.
HEE mandate good news for private providers
Health Education England (HEE) has announced the Governments Mandate to Health Education England, on NHS staff training and education that sets out plans for education and training for all NHS staff. It includes a target for 50% of all medical students to become GPs as part of a rebalance Englands healthcare towards a more community based system.
Benenden offers alternative 111 service
Benenden Health, the mutual healthcare provider, is running an alternative service to NHS 111. Benenden Health provides a 24 Hour GP Advice Line to its members. The phone-line is serviced by qualified, UK-based GPs and even accepts calls from around the world, giving medical advice to Benenden health members who are abroad at the time.
MedicX Fund spends £45 million
MedicX Fund, the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom, has completed the acquisition of a portfolio of seven operational, fully let primary care medical centres, together with seven further properties under construction. The purchase is by way of a corporate acquisition of GPG No.5 Limited for a cash consideration of £10m including transaction costs of £0.8m and the assumption of existing debt facilities of £34.7m of which £21.4m is drawn. The completion of the development of the seven properties under construction will be managed by General Practice Investment Corporation Limited (GPI), a third party developer of primary care properties, which will retain all of the development and construction risk. MedicX has also negotiated a framework agreement with GPI giving the fund first right to forward fund future projects adding £35m to the funds pipeline. The completed properties within the acquired portfolio are on average less than one year old whilst the total acquired portfolio benefits from 38% RPI indexed leases with a further 5% subject to fixed uplifts, the balance being subject to open market reviews. This portfolio of assets is spread throughout England and increases MedicX funds total property portfolio to 121 properties. Of these 109 are complete and operational and 12 are under construction. The funds total annualised rent roll for all properties following the acquisition increases to £27.9m from £25.1m with the portfolio as a whole having an average unexpired lease term of 17.2 years as at 24 May 2013.



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