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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New head of healthcare joins RBS

Royal Bank of Scotland (RBS) has appointed Stuart Dean as its new head of healthcare within its corporate and institutional banking (CIB) team. Mr Dean will be looking to build on RBS CIB’s healthcare franchise by developing its proposition further and taking its services into new areas of the industry. He will head up a team of healthcare finance specialists, drive the national sector strategy and provide sector support to RBS CIB’s regional network across the UK.

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Lindsay Dibden retires from HgCapital

Lindsay Dibden, from the healthcare team and Hg Capital, which backs Voyage, has announced his retirement after 23 years with the company. He left at the end of February and now plans to focus on growing his domiciliary community care business, Home Help UK Ltd. Mr Dibden said Philipp Schwalber would now be leading HgCapital’s healthcare practice.

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The Practice in the red despite ‘massive revenue growth

Primary care services provider The Practice plc recorded massive revenue growth for the fifteen month period to 31 March 2011 but went further into the red because of acquisition turnaround costs. Turnover more than trebled from £8.22m to £25.9m. Losses on ordinary activities before tax were £3m compared with losses of £748,214 in the 12 months to 31 December 2009.

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Rumours swirl of Cambian sale

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.

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