HM Company News

InHealth Group Limited, the healthcare services (primarily diagnostics and screening) company which works predominantly within the NHS but also within the private sector, has continued to show steady growth.

    Sandie Foxall-Smith, CEO of The Regard Group, is stepping down after five years in the post. Regard was recently acquired by AMP Capital. Global Head...

The Order does not provide a breakdown of the financial performance of its individual entities, but it is thought that St Anthony’s is a profitable outfit and a key contributor to the Order’s health revenue. Nevertheless, the Daughters have decided to put the hospital up for sale (HMn November 2013) to secure its long term future and provide funds to secure the future of its other works, including St Raphael’s Hospice, which is on the same site.

Income at The Benenden Hospital Trust was down 2.6% last year as the number of inpatient admissions fell by 1.3% and the number of NHS patients increased.

Turnstone Equityco 1 Ltd, the market leading provider of NHS and private dental services in the UK, has filed its first accounts for the period 18 January 2011 to 31 March 2012 Turnstone Equity is the holding company for the merged Integrated Dental Holdings (IDH)/Associated Dental Practices (ADP) dentistry business, acquired by the US based private equity company The Carlyle Group in May 2011. As such the accounts which reflect 11 months of trading have no comparatives from the previous year. Turnover was £309.9m but with cost of sales of £164.2m, admin expenses of £140.1m and loss on disposal of assets of £3.5m (five practices following and Office of Fair Trading review of the acquisitions of IDH and ADP), profit before interest and tax was £3.8m (including £1.8m of other operating income’). However adding together IDH and ADP the group seems to have increased its EBITDA from £44.4m in the full year to March 2011 to £52m (excluding £7.7m of exceptional integration costs) for 11 months to March 2012. Philip Blackburn, consultant at Laing & Buisson said: The IDH Group’s underlying operating performance was solid following its expansion, as its dominant NHS business delivered stable and reliable returns. Bottom line profits, however, were absorbed by interest on high levels of acquisitive debt. As the group is currently heavily dependent on NHS revenues, some 88% of all business, a tight fiscal environment for public healthcare, and the introduction of new NHS dentistry contracts going forward, which focus on outcomes rather than agreed volumes, mean the group may face less predictable conditions going forward.’

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City & County announced that acquisition of two businesses for undisclosed sums last month. The homecare provider bought Spirit Care Ltd, a complex care provider, and HFH Homecare, a London-based homecare provider.

Assura Group Plc has announced a three-fold surge in pre-tax profits to £95.2m for the year ended 31 March 2017 on the back of...

US-owned mental health provider Cygnet Health has reported a 35% leap in revenue to £179.3m for the year ended 31 December 2016 as acquisitions...