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Healthcare
Babylon virtual GP creates two divisions in administration
Babylon, the digital health company that created the NHS GP at Hand App, has put two of its divisions under administration.
Alvarez & Marsal, a restructuring firm, confirmed late Wednesday that it was appointed administrator of…
Centene will sell GP clinics, hospitals and other healthcare facilities in the UK market
Centene, the US health insurer, is selling its GP clinic chain, along with the largest private hospital group in Britain, abandoning ambitious plans to penetrate the British healthcare system.
Three people familiar with the sale process…
UK lags behind peer countries in discharging hospital patients, study finds
A new report shows that the UK is behind other comparable countries when it comes to the speed of discharge from hospital for medically-fit patients. This is due to under-investment in health care and a lack of coordination across the…
Ministers warn against “fiddling” with NHS cancer targets
The government has warned UK ministers against "fiddling around" with cancer treatment targets. Senior clinicians are "driving" the changes, according to the government.
The warning was issued as the Health Department announced 900 new…
Industry body warns that drug tax could increase the cost of medicines on the NHS
According to an industry group, the NHS could spend billions more on medicine if its defacto tax on generic drugs discourages manufacturers from launching cheaper alternative products in the UK.
The British Generic Manufacturers…
Private equity firms bet on UK health care as NHS waiting list grows
In the last two years, private equity firms have acquired dozens of UK healthcare businesses including ambulance fleets as well as eye-care clinics, diagnostics companies and diagnostics. They are trying to take advantage of the soaring NHS…
Junior doctors’ strike nears ‘tipping-point’ for NHS in England
Health leaders say that the UK Prime Minister Rishi Sunak’s promise to reduce the record waiting lists in England for routine hospital treatments by the next general election is at risk as the NHS is pushed towards a “tipping point” due to…
UK Government gives private companies a bigger role in Health Diagnostics
The UK government is looking to engage independent providers in order to reduce the waiting list for treatment.
On Friday, the "elective Recovery Task Force" will publish its final report and announce the decision to increase the role of…
UK pledges £600mn for social care services before winter
The government has allocated £600mn to hire and retain additional social care workers in England. This is part of a wider effort to strengthen public services before what will be the toughest winter ever for the NHS.
The Department of…
Care homes are closing as rising mortgage rates make the business ‘unviable.’
Care home operators in the UK have warned of the "death-knell" that will be sounded by a recent rise in mortgage rates, and a delayed government reform.
Carehome.co.uk - a review site for care homes - shared data that showed fewer care…
Eli Lilly drug slows Alzheimer’s progression
Experts in dementia have welcomed the latest milestone in treating Alzheimer's disease after Eli Lilly published trial results showing that its new drug significantly reduced memory loss and cognitive degeneration.
The US Pharmaceuticals…
Recruitment agency deal offers private equity stakes in NHS backlog
Fremman Capital has bought an agency that hires NHS doctors, nurses and other staff outside of their contracted hours. The firm is betting that the growing number of waiting lists will increase demand for specialized services and staff.…
Pfizer and GSK Shots against RSV get backing from older adults
A panel of US public advisors has approved the use of respiratory syncytial viruses shots from Pfizer Inc., and GSK Plc in older adults. This will allow the vaccines to be used by a vulnerable group.
After consulting with their doctors,…
UK medical cannabis group lures patients into buying the business
Isle of Man GLO is looking to sell 25% to clients and let them have a say in production.
Patients in the UK can now buy up to 25% of the equity of a British medicinal cannabis company located on the Isle of Man. This gives them a…
Aviva’s sales of private health insurance jump by 25% as NHS backlog is a problem
The UK insurer Aviva announced a record jump in its sales of private medical insurance on Wednesday. New data showed that patients are turning to private healthcare at an unprecedented rate, while the NHS is struggling due to long waiting…
Pfizer’s executive warns that the M&A crackdown is a disaster for the pharma industry
Pfizer's senior executive warned that antitrust regulators cracking down on mergers and purchases would be "a disaster" for the innovation system that supports the pharmaceutical industry.
William Pao said that M&A was an important…
Creditors lose out in the battle for former AstraZeneca sites
The liquidator for AstraZeneca’s former manufacturing plant near Bristol criticised the behavior of the group who acquired the facility, claiming that they "delayed and diminished" the returns to creditors.
Administrators were appointed…
GSK raises $1 billion selling shares in Haleon Consumer Spinoff
GSK Plc has raised £804 millions ($1 billion) by selling a stake Haleon Plc, its consumer health care division that it spun off last year as a separate firm.
The UK pharma company sold 240 millions shares at 335 pences, a discount of…