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UK social care reform ‘nowhere near enough’

The UK government will spend £3.6bn on paying 'a fairer cost' for adult social care, in new plans that also set aside £500m on workforce and training, £300m on elderly care housing, and £150m on digitalisation as part of a long-awaited reform. Experts tell HBI that it is 'nowhere near enough'.
December 2, 2021

NHS England reform ‘won’t increase outsourcing’ despite tough winter ahead

The UK has just passed a new law that stands to shake up the procurement of healthcare services. The for-profit sector has hoped it could drive more patients to their businesses, especially against ballooning waiting lists and winter pressure, but experts tell HBI there's little chance it will increase outsourcing. 
November 23, 2021

Not-for-profits dominate Europe’s adult care

Adult social care, a major sector in the UK and Nordics in particular, has traditionally been dominated by the not-for-profit sector in Europe. In this week's infographic, we look at the for-profit, not-for-profit/public split across select countries in Europe.
November 18, 2021

HCA Healthcare UK takes on 30 refugee nurses

Hospital group HCA Healthcare UK is taking on 30 nurse refugees from Lebanon to work in its UK hospitals. Its charity partner wants to roll out the scheme to other private hospitals.
November 18, 2021

New Cera Care tech to diagnose flu in minutes

UK homecare group Cera Care is expanding its network with 15 digital healthcare hubs across the UK to deliver telehealth and medication services. The tech-savvy operator will further launch a digital flu tracker and treatment system. HBI talks with Igal Aciman, Chief Commercial Officer at Cera to find out more.
November 11, 2021

McKesson sells UK arm to turnaround specialist as it exits Europe

US-based pharmacy group McKesson has sold its UK arm - made up of retail pharmacy group Lloyds Pharmacy and a drug distribution business - to Aurelius, an investor specialised in turnarounds. The new owner is likely to focus on the rationalisation of the business, HBI hears.
November 4, 2021

NHS England to require COVID-19 jab for job

All 1.2m of NHS England's staff will have to be vaccinated against COVID-19 from next year, reports say, with an official decision expected from the government imminently. Similar laws elsewhere in Europe have only led to minor problems for healthcare workforces but data shows that UK private providers expect to replace on average 8% of their workforce. 
November 4, 2021

Dentistry: Rodericks Dental, KonfiDents sell

Two more dentistry platforms have been grabbed by two different private equity firms. NHS focused UK dental group Rodericks Dental has sold, HBI hears from multiple sources, and so has German-based KonfiDents. We name the buyers, the multiple, and consider why this development might shake up a stagnating market.
November 4, 2021

More questions for Babylon

The more you look at the Babylon SPAC deal, the more black box it looks. The sheer complexity of the US insurance system makes it impossible for investors to assess its prospects with any accuracy. And then there is the question of the $230m sale of shares made by "certain accredited investors". How much of this went to Babylon founder Ali Parsa?
November 2, 2021

Will Babylon succeed?

Ali Parsa, the founder of Babylon Health, is now a paper billionaire with control of a business with an enterprise value of $3.6bn with an additional $575m in gross proceeds, following its merger with special acquisition vehicle Alkuri. The nearly 90% of the SPAC shareholders who chose to sell before the shares started trading may be kicking themselves - the shares peaked at $16 on October 26, though as of the time of writing are sitting at $10.82, up from the initial opening price of 10$ on October 22.
October 28, 2021
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