NEWS
Social care
Hallmark enters retirement living market UK care home provider Hallmark Care Homes has entered the retirement living market with the launch of a new brand called Santhem Residences. The first project is Santhem Residences Shenfield, a retirement living village in Shenfield, Essex with 55 one and two-bedroom apartments for sale and scheduled
to open in spring 2021. Santhem Residences will work closely with its sister company, Savista Developments to source land, obtain planning permission and build and fit out Santhem’s next generation of assisted living projects into the next decade. The Essex-based company will be overseen by Avnish Goyal as
chief executive , running alongside his role as chief executive of Savista Developments and chair of Hallmark Care Homes. Goyal said the new company was continuing in the tradition of Hallmark’s family ethos. “I am pleased to launch our first retirement village scheme Santhem Residences, which has
been named after our wonderful parents, Santosh and Hemraj. This exclusive retirement village in Essex is the first of its kind but its creation and ethos have been decades in the making. It began with myself and my brothers and our aspiration for our parents to have the retirement lifestyle they deserved,” he said.
Private hospitals
London clinics integrate oncology services Cleveland Clinic London (CCL), a non-profit healthcare provider which will begin operations next year, is entering into a clinical partnership with The London Clinic, an independent charitable hospital The two will provide comprehensive oncology services to patients at their respective facilities in central London. Surgical oncology will be a core service offered by CCL, which will open a eight-story, 325,000-squarefoot building in central London in early 2022. The hospital will be
preceded by CCL’s first outpatient centre in the Harley Street Medical Area in autumn 2021. As part of this partnership, The London Clinic, in Harley Street, will provide medical, radiation and other oncology services to patients who have surgery at CLC. The London Clinic has a cancer treatment centre in its Duchess of Devonshire Wing, a facility spanning eight floors. The two organisations stated they are working to integrate their IT systems to be able to share
patient information securely and electronically, and enable a seamless multidisciplinary team approach to patients with cancer, with groups of specialists overseeing each patient’s care pathway to deliver the best possible clinical outcome. Dr Brian Donley, CLC’s chief executive, said: “Cleveland Clinic’s focus on driving research and innovation enables us to deliver the safest, most effective patient care. We are proud to be partnering with such a highly regarded provider in The London Clinic which has
a similar patient-centred ethos.” Al Russell, chief executive of The London Clinic added: “We’re delighted to announce this partnership with Cleveland Clinic London. It’s an organisation that aligns with our values and interests, prioritising exceptional patient care above profit. Working together we will create integrated pathways to support huge numbers of cancer patients in the years to come, all the time learning from each other for the benefit of the patient.”
Spire Healthcare revenue falls victim to Covid-19 Private hospital provider Spire Healthcare reported a pre-tax loss of £231.3 million for the first six months of 2020 compared with a £9.6 million profit a year earlier as revenue fell 18% to £401.9 million. Announcing its interim results, the hospital group said that the Covid-19 outbreak had effectively ended its principle revenue source of elective surgery, but that a blockbooking deal with the NHS England had allowed to business to continue. Spire in now gradually returning to private patient activity while retaining some NHS beds to deal with a growing backlog of patients. in a statement the company said: “The group will remain within the NHSE contract for most of 2020
and if current trends continue, the board expects operating profit in H2 2020 to be at least in-line with H1 2020. December 2020 net bank debt is expected to be in the range of £320 million to £360 million. There has been a return of private activity since lockdown and there is significant national unmet demand for both private and NHS procedures. Subject to any significant change in the Covid environment, the board anticipates trading returning to 2019 levels in 2021.” Chief executive Justin Ash (pictured) said the combination of meeting demand from private patients while retaining some NHS beds bodes well for future commercial prospects.
HealthInvestor UK • September/October 2020
Ash said: “The first six months of 2020 has witnessed unprecedented challenges but Spire Healthcare has been able to play a critical role during this time of national public
health crisis whilst continuing to invest in its future. We are now well-positioned to continue supporting the NHS in urgently tackling growing waiting lists, while meeting the increasing demand for treatment from private patients. “Challenges remain, but I am optimistic about our future prospects with our admissions now close to the levels of last year. On the back of rising private demand and increased efficiency in our patient pathways, I firmly believe Spire Healthcare can look forward to the future with confidence in its mission to bring together the best people, dedicated to delivering the highest-quality patient care in the best clinical environment.”
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