Healthcare Markets

Serco Group plc has sold its occupational health business for £3.5m in a management buyout. Serco occupational health provides services such as absence management, health screening and health education programmes to over 450,000 clients in the UK. The business generated £15m revenue and £1m adjusted operating profit in 2012 but Serco said future growth would have been restricted under its continued ownership due to lack of synergies’ with its core health business. Serco had entered the occupational health market in 2008 with the acquisition of Grosvenor Health Ltd, with an annual revenue at the time of £11m. Grosvenor’s business and assets were subsequently transferred to another Serco company, Serco Limited, where occupational health became a small component of a large and diversified business support company.

The first Social Impact Bond (SIB) was launched in the UK in 2010 and since then numerous bodies have examined how this financing method...

The dentistry sector is poised for a boom in consolidation and branded companies according to Justin Ash, chief executive of Oasis Healthcare. Mr Ash explained...

Further increases in NHS work helped Ramsay Healthcare bolster its UK EBITDAR by 2.6% in the year to 30 June 2013.The UK business, which...

Losses continued at troubled diagnostic imaging provider Alliance Medical in the year to March 2013.Healthcare Market News (Company news) November 2013 Revenue fell by...

The Daughter’s of the Cross of Liege confirmed last month that St Anthony’s Hospital, Cheam is up for sale.

Improved trading conditions have helped deliver a 22.5% increase in EBITDA for staffing provider Independent Clinical Services, backed by private equity firm Blackstone. The...

Independent providers have demonstrated some of the best outcomes in England for NHS-funded hip and knee procedures.According to the latest results of the Patient...

The troubled organisation pulled out of NHS 111 services provision earlier this year after problems rolling out the contracts in a number of areas. Staff...

The Committee of Advertising Practice (CAP) recently issued a radically revised Help Note on Cosmetic Interventions, following the Keogh Review’s remarks on the laxity...