MedicX Fund reports healthy yield

MedicX Fund, the investor in primary healthcare properties in the UK announced in its interim management statement for the period from 1 April 2012 to 8 August 2012, that its portfolio was valued at 30 June at £286.1 million reflecting a net initial yield of 5.87%. This is unchanged from March 2012, and compares favourably it says with the weighted average fixed cost of drawn long term debt held by the company of 4.72%. Incorporating the June valuation, the unaudited adjusted net asset value at 30 June 2012 is estimated to be £166.3 million, equivalent to 64.7p per share compared with 65.5p per share at 31 March 2012.

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Chief financial officer has joined PiC

Partnerships in Care (PiC) has appointed Simon Lane to the Board as chief financial officer (CFO). Mr Lane’s appointment is the result of a search process initiated by the Board following the decision by Peter Thomas to step down from his role as CFO to pursue new opportunities.

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Laing & Buisson creates recruitment firm

Healthcare market intelligence provider Laing & Buisson is delighted to announce it has formed a joint venture with specialist healthcare recruiter James Rumfitt to create Laing & Buisson Recruitment. Drawing upon both parties’ extensive knowledge of UK healthcare, the new company will provide search and selection recruitment services for senior management and main board roles. In addition a full range of talent management, tracking and evaluation services will be offered.

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