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Cambian share price hits record low

UK-based specialist mental health services provider Cambian has issued its second profit warning in four months, leading shares to fall nearly 50% to 66p. The share price had already collapsed over 50% to 128p after the first profit warning in October 2015. So the group has seen its share price plummet 71% in total since its IPO in April 2014. Cambian's finance director left after the first profit warning.

Primary Health Properties targets Ireland

The UK primary care REIT, Primary Health Properties (PHP), plans to invest between €100-150m in Irish primary care real estate beginning this spring. Managing director Harry Hyman told us that yields are higher than the UK and the statutory payer covering 60-75% of rent reduced risk. PHP’s total pipeline is £140m with £41m in Ireland.

Pantheon stalks the managed equipment services market

Entire countries are moving from buying medtech and consumables outright to service models using new intermediaries - so-called managed equipment and multi vendor service integrators. These can service, buy, run and finance all medtech products. Pantheon Healthcare Group, backed by a company owned by the Permira Funds, is moving into Saudi Arabia, where it sees huge potential and hopes to be closing many large contracts in the near term. Founder and Director Rob Piconi and Chief Scientific Officer Stephen Hodgson say that the public sector in Hungary, Saudi Arabia, the Netherlands, Canada, Sweden, the UK, Italy and New Zealand are among many developed and emerging market countries that have adopted or are looking to adopt the new healthcare service model.

Acadia buys Priory Group for 11.3 times EBITDA

Acadia, the big US pyschiatric group, is to buy Priory Group, by far the largest psychiatric player in the UK, in a deal which values Priory at $2.219bn. There are suggestions that this could lead to a referral to the Competition and Markets Authority. Priory owner Advent International was planning a February 2016 IPO. We look at the valuation and competition issues.

Jeremy Hunt plans bigger role for pharmacies

Jeremy Hunt, Secretary of State for Health in the UK, plans to give pharmacies a much bigger role in care, say sources who say he plans to circumvent the Pharmaceutical Services Negotiating Committee, powerful body in which the large chains, such as Boots, are strongly represented.

KKR wins LGC

LGC, the UK specialist lab group has sold for around £650m to KKR, giving Bridgepoint a threefold return on its investment.

Aurelius to try and make money from domiciliary care

Aurelius Group, a listed Pan-European private equity house which specialises in turnarounds, has bought Allied Health, the UK’s largest domiciliary care provider, with sales of £282m in 2014 for £19m, with Saga chipping in a further £10m to the Allied pension fund. Saga wrote the value of Allied down to zero in January 2015. We talk to Tristan Nagler, Aurelius UK managing director, about what Aurelius saw in the business and review the sector.

FREE BLOG Usability and design in healthcare comes of age

One reason why projects in healthcare services fail is poor usability. Telehealthcare, patient apps, medicalised homecare - it is easy to launch schemes which patients and practitioners find hard to use. That can have a huge impact on results. But specialists focused on the sector are beginning to emerge.

Measuring quality outcomes: the next frontier for competition?

Private health and care would be transformed if quality could be measured accurately in a way that patients could really understand. If measured, quality would then soar. And the sterile European private versus public debate would fade out as payers focused on quality outcomes and patient choice.

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