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Medical devices company secures £750,000

Flexicare Medical, a Welsh developer and manufacturer of medical devices, has won £750,000 of debt to continue its international expansion. Fundraising Deals / Tuesday, 25th November 2008

CVS buys animal hospital 

AIM-listed CVS Group has increased the number of veterinary surgeries under its control to 155 after taking over The Village Animal Hospital. Mergers & Acquisitions / Friday, 14th November 2008

Longbow invests in medical imaging company

Biotronics 3D, a developer of medical imaging software intended for widespread use by doctors, has received equity investment. Fundraising Deals / Thursday, 13th November 2008

Another sale for Southern Cross

Care home operator Southern Cross has continued its disposal programme by agreeing to sell its freehold interest in a property in Somerset.  Mergers & Acquisitions / Monday, 3rd November 2008

United Drug targets US firm

United Drug, a provider of services to healthcare manufacturers and pharmaceutical retailers, has expanded its operations in the US after completing an eight-figure acquisition. The group has bought Sharp Corporation, a pharmaceutical contract packaging specialist, for $99 million (£49.3 million). Mergers & Acquisitions / Wednesday, 16th July 2008

Close VCTs exit Grosvenor

VCT manager Close Ventures has disposed of its 49 per cent stake in occupational health services provider Grosvenor Health Group. The business, which has surplus cash of £1.8 million, was sold to international services group Serco for £17.8 million. Mergers & Acquisitions / Tuesday, 3rd June 2008

Noble Health VCT blames AIM

The management of the Noble Health Fund VCT says the decline in its net asset value (NAV) per share is due to the poor share price performance of the AIM-listed companies in its portfolio. The trust’s final results show a fall in NAV of 14 per cent to 77p over the year to January, or six per cent to 90.5p when dividends are taken into account. IPO & City News / Monday, 12th May 2008

CareTech starts acquisition campaign

A provider of care services to people with learning disabilities has added 16 freehold properties to its portfolio after buying a rival company. CareTech has acquired Beacon Care in a deal that adds more than 100 places to its residential operations in southern England, as well as strengthening its in-house expertise. Mergers & Acquisitions / Tuesday, 29th April 2008

New VC fund to focus on life sciences

Fountain Healthcare Partners, a Dublin-headquartered venture capitalist (VC), has closed its inaugural fund at €75 million (£59 million). Most of the money will be invested in the life science sector in Europe, with a primary focus on Ireland. Fundraising Deals / Tuesday, 29th April 2008

Bowmark backs Healthcare Homes buy-out

Mid-market private equity firm Bowmark Capital has backed a £75 million management buy-out of residential care provider Healthcare Homes. The buy-out from vendor August Equity is led by chief executive Richard Clough, who has worked alongside Bowmark in some of their previous investments in the sector. Mergers & Acquisitions / Monday, 14th April 2008

Quotient secures production funding

A developer of diabetes testing technology has secured an investment of £1 million. Quotient Diagnostics, which has 30 separate investors, will now begin production of its point-of-care system consisting of a desktop reader and disposable cartridges. Fundraising Deals / Tuesday, 1st April 2008

Graphite sells Summit Medical

Summit Medical, a specialist in medical devices in the orthopaedic sector, has been acquired for £36 million by international private equity firm The Riverside Company. The vendor was London-based mid-market investor Graphite Capital, which generated a return of more than three times its original investment. Mergers & Acquisitions / Tuesday, 1st April 2008

ECI bid for Premier Research 

UK mid-market private equity firm ECI Partners (ECI) has made a bid to acquire clinical specialist Premier Research Group (PRG) for £60 million. The offer is subject to the approval of PRG shareholders. Mergers & Acquisitions / Thursday, 20th March 2008

Careforce acquires Seraph

A Stevenage-based domiciliary care services provider has widened its coverage of northeast England through buying a company in Darlington. Careforce, part of social housing repair and maintenance group Mears, has added Seraph to its portfolio in a seven-figure deal. Mergers & Acquisitions / Thursday, 14th February 2008

Hospital operator sold for £145 million

Classic Hospitals, which owns and operates ten hospitals across England, has been sold to Spire Healthcare (formerly BUPA Hospitals) for £145 million. The deal involves two private equity firms: LGV Capital, the vendor of Classic Hospitals, and Cinven, which owns Spire. Mergers & Acquisitions / Monday, 4th February 2008

Latest Deals: Healthcare