LaingBuisson Newsletter Archives

Results from charitable provider Leonard Cheshire Disability showed a steady performance for the year ending 31 March 2012 mirroring its results from 2011.

A social care charity has been fined £70,000 after highly sensitive information about the care of four young children was left outside a London home, the Information Commissioner’s Office (ICO) announced last month.

AXA PPP healthcare and the primary care research team at Keele University have joined forces to produce a video to help people to deal with and overcome the difficulties of being affected by back pain.

Suffolk County Council has selected Care UK as its partner for the long term vision for elderly care in the county, in a move which could see Care UK invest over £60 million in ten new care homes and ten new wellbeing centres for the county.

Passport2Health, a new insurer which provides UK diagnosis and treatment abroad, published a report last month questioning whether the PMI market is a broken model or just a racket’. The report, Private Medical Insurance – A Broken Model or Just a Racket’ criticised PMI in the UK.

The Grange Medical Practice, developed by MedicX has opened. The new purpose-built primary care centre, with integrated pharmacy is located in the heart of Grangetown, Cardiff. The GP practice of Dr Lush & Partners in Corporation Road has moved from its old premises to the new 11,700 sq ft centre, which was developed by MedicX, a leading UK investor and developer of healthcare property. Tony Coke, primary care property director of MedicX said: It has been a pleasure working with Cardiff and University Vale Health Board and the team from Dr Lush & Partners in making this project a reality. Modern healthcare centres that can be delivered within budget and provide value for money are essential for local communities, and we are confident the users of this new centre will be thrilled with what has been achieved.’

utsourcing company MITIE made a daring entry into the UK domiciliary care sector last month, snapping up Enara from August Equity for an 11 times EBITDA price of £110.8m on a cash and debt-free basis.

Operations director for Cygnet Supported Living, Bronwen Corby discusses the importance of their launch in Harrow.

Mitie Group, the strategic outsourcing company has acquired Enara Group Limited the home care provider from August Equity LLP and Enara’s senior management team, for a total consideration of £110.8m on a cash and debt free basis, being 11 times projected EBITDA for the year ending March 2013.

The Disabilities Trust, which supports people with physical disabilities, autism and brain injuries, reported a drop in surplus for the year ending 31 May 2012. Incoming resources fell from £44.5m in 2011 to £43.8m while costs increased from £39m to £40.7m leading to a fall in surplus (which includes trading and share of joint ventures) of over £2.3m (2012: £3.5m – 2011: £5.8m). There was also a deficit of £0.9m (2011: £0.5m gain) on investment assets due to a significant fall in share prices during the year. Directors said that the net effect is a reduction in net movement in funds and advised that the surplus reduction was due to the state of the economic climate throughout the year.