Surprise as St Luke’s Healthcare goes into administration

Mental health hospital provider Mild Professional Homes, trading as St Luke’s Healthcare, has fallen into administration unexpectedly. Joint administrators from Grant Thornton have been appointed. They will run the company as normal while a new owner is sought.

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Malling Health Ltd suffers small loss

Maiden accounts from operator of GP practices Malling Health Limited saw the group record turnover of £12.1m and a loss before tax of £72,452 in the year to 31 March 2011. The directors saw 2010/11 as a year in which the focus was on consolidation of its existing position and it considers the financial loss small in the light of the existing financial and healthcare economic position’.

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RJD realizes stake in Raphael Healthcare

RJD Partners (RJD) has realised its investment in women’s mental health services provider Raphael Healthcare, through a refinancing funded by new debt facilities provided by the Bank of Ireland in combination with funds from the management team and the company’s cash reserves.

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Assura continues its strong property performance

Assura, the primary healthcare property company has reported increased revenue and annualised rents for the third quarter to 31 December 2011. Group revenues increased 37% to £25.3m from continuing operations for the nine months to 31 December 2011, compared to £18.5m in the same period last year.

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News in Brief

Central Homecare Ltd, the provider of homecare services such as drug therapies to the NHS and private sector showed increased turnover for the year ended 31 March of £63.2m up from £22.3 m in 2010. Operating profit before exceptional items was up 42% to £2.3m from £1.6 m in 2010. Profit for the financial year was £1.6 m up from £1.2m in 2010.

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Loss for General Medical Clinics

General Medical Clinics, provider of primary medical care in London, in its half yearly results for the six month period ended 30 November 2011, reported turnover of £4m (2010: £3.6m) Gross profit decreased 5.9% to £1,763,364 (2010: £1,872,935). Basic earnings per share amounted to a loss of 1.7p (2010: earnings 1.1p). Loss on ordinary activities before tax for the six month period was £288,945 (2010: profit £247,293).

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Cigna announces new commercial director

Cigna Healthcare Benefits has appointed Louisa Bell as commercial director of the UK business. Ms Bell will be responsible for leading the Cigna UK HealthCare Benefits sales and client management teams to deliver sustainable growth across the medical, dental and occupational health product lines.

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Castlerock receives investment boost

The North West Fund for Development Capital (NWFDC), managed by YFM Equity Partners, has made a significant investment of development capital into Castlerock Recruitment Group Limited, the healthcare recruitment business. Castlerock is based in St Helens and has ten offices around the country and employs 57 staff, including 31 recruitment specialists.

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McPartlan joins St Margaret’s

BMI Healthcare has appointed Paul McPartlan as the new Executive Director of BMI The Princess Margaret Hospital in Windsor, Berkshire. Mr McPartlan is also executive director at BMI The Runnymede Hospital in Chertsey and he will oversee the running of both hospitals. Previously he was executive director of BMI Three Shires Hospital in Northampton.

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Circle Holdings upbeat but seeks fundsing for new builds

Circle Holdings plc, the vehicle for financial institutions investing in healthcare enterprise Circle, in a trading statement ahead of it results for the year ended 31 December 2011 says its operating results are expected to be in line with market expectations.

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