HM Company News

Healthcare Market News (Company News) November 2002 Optical retail company DCM Optical has acquired the assets of Health Clinic from administrative receivers...

Healthcare Market News (Company News) July 2002 New Victoria Hospital, the 35-bed charity hospital in Kingston-upon-Thames has reported a 16% increase in...

Beachcroft LLP and Davies Arnold Cooper LLP have merged today to form DAC Beachcroft LLP.

GenMed, the independent sector GP provider in London (City and West End), has reported for the year ended 31 May 2012 turnover of £8.0m (2011: £6.2m). Cost of sales was £4.5m (2011: £3.3m) and administrative expenses £5.0m (2011: £3.2m) leading to a loss before tax was £1.5m (2011: loss of £329,000). In May 2012 the company closed a nurse led walk-in centre at Liverpool Street Station which accounted for £394,000 in the accounts for discontinued operations.

Braintree Clinical Services, the healthcare services company has filed annual report and financial statements for the eleven months from 1 April 2010 to 28 February 2011.

Primary Health Properties plc, the specialist REIT providing primary care accommodation welcomed in its interim management statement for the period from 1 January 2012 to 16 April 2012, the passing of the Health and Social Care Bill and it inherent implications for NHS commissioning out to the private sector.

GI Partners is reported to be set to sell Cambian Group, which specialises in mental health, learning disability and education services. A source told Health Investor that Rothschild had been enlisted to manage the sale of the business whilst other sources confirmed that the business was up for sale.

Difficult market conditions’ continued to have a downward impact on turnover at Glen Care Ltd, the specialist provider of residential care for mentally ill adults.

The Retreat York, the Quaker owned charity whose object is to provide care and relief to sufferers from mental illness, increased its income to £12.4m for the year ended 31 December 2012 from £11.2m the previous year. Total resources expended were £10.2m (2011: £9.8m) leaving, after net income of £448,000 (2011: £591,000), net incoming resources of £2.6m (2011: £1.9m). Gains on investment of £27,000 (2011: loss of £48,000), unrealised gains on investments of £563,000 (2011: £683,000) and an actuarial gain on the defined benefit pension scheme (2011: loss of £1.9m) led to a net movement in funds of £3.8m (2011: £654,000).

Nuffield Health has increased its presence in the UK health and leisure market after acquiring nine Virgin Active Health Clubs for an undisclosed sum.