Healthcare Markets

Medical property REIT Primary Health Properties has raised £68.5m to finance the growth of its estate weeks after announcing its intention to generate £60m...

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.

Western Provident Association Ltd, the niche private medical insurer operating principally in the south west of England, enjoyed what Directors describe as an excellent year’ in its statutory accounts for the year ending 2012. with total customer numbers rising by 6% and premium income up by 2% on a like for like basis’ – by which WPA means the aggregate of insurance premium income and the gross value of claims funds managed by its third party administrator arm, WPA Protocol.

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 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.

Health Education England (HEE) has announced the Government’s 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 England’s healthcare towards a more community based system.

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 fund’s 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 fund’s total property portfolio to 121 properties. Of these 109 are complete and operational and 12 are under construction. The fund’s 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.

Findings published by the Competition Commission last month reaffirmed hospital provider HCA’s dominance over the central London market.In a working paper, which is set...

MedicX’s rival and takeover target Assura Group’s unaudited preliminary results for the year ended 31 March 2013, show strong results. Net rental income was £33.7m...

Nuffield Health, the not-for-profit provider of health and wellbeing services, has hit the £15 million target for its Nuffield Health Bond ahead of the...