Nick Procter’s Post

Cerberus Capital Management grabbed its $800 million profit before the hospital chain's financial problems became critical. Reading this article plus the Boston Globe on the dire financial straits Stewart Healthcare is in partly on the greedy vultures at Cerberus Capital should be of concern to all citizens, especially those in the areas where Stewart Healthcare operates. The state of Massachusetts is concerned, given the concentration of hospitals owned by Stewart that are in underserved areas. If these hospitals go down like the Titanic, other hospitals may not have the bandwidth to serve the influx of patients. Private equity is bad for healthcare no matter how you look and view it. The only people who win are the executives running these private equity firms. #CerberusCapital, #privateequity, ##stewarthealthcare, #badofrthecommunity, #profitsfirst https://lnkd.in/eeJKxFNg

How is this legal? According to the Private Equity Stakeholder Project, this PE-owned safety-net hospital chain distributed 457 million in dividends to its PE owners while having, that same year (!), a net loss of 244 million (and 1 day cash on hand). Then they attempt to sale the hospital chain for 12million to the minority owners.. leaving them with 1.1Billion in debt that paid the outrageous dividends in the first place. This article gives the best 101 I've seen on "Dividend Recapitalization" and "Sale Leaseback Transactions" to extract capital from the healthcare of marginalized populations.

Community Pharmacy Owners, mark your calendars for Wednesday, October 11th. It's free to attend, but the information is worth thousands! https://lnkd.in/gBqe-inv #CommunityPharmacy #PharmacyOwner #HealthcareBusiness #RevenueGeneration #Profitability #PharmacyManagement #PharmacyFinances #BusinessGrowth #PharmacySuccess #StrategicPlanning #PharmacyOperations #CostManagement #CustomerEngagement #Innovation #MarketingStrategy #RxManagement

GP practices can no longer tell patients to ‘ring back later’ The latest changes to the GP Contract have put the focus firmly on access. They will have to offer patients an assessment of need or point them in the direction of an appropriate service the first time the patient reaches out. Throw in some changes to the Primary Care Network (PCN) DES, the Investment and Impact Fund update and the update to the Quality and Outcomes Framework (QOF) and there’s a lot for PCNs and practices to quickly get to grips with. As ever, the key to succeeding in the current fraught climate is planning. Ensuring practices have absolute clarity on what is being asked of them and then working out how they are going to collaborate to hit their goals is paramount. Managing change is never easy, especially with the acute workload pressures the NHS is currently working under as a backdrop. But doing it on a flat track as opposed to a bumpy road makes life so much easier and gives everyone involved a common vision and clarity of purpose. I’ve put mechanisms in place at the networks I work with to minimise the disruption caused by change. If you’d like to know more about them, read this article #gp #gps #generalpractice #nhs

The Feds are concerned that #privateequity deals MAY put profits before PEOPLE?? 😶 The definition of #privateequity is... A private equity firm is a type of investment firm. They invest in businesses with a goal of increasing their value over time before eventually selling the company at a profit. 💵 💰 Ya Think? 🤔 Perhaps they should look up charity as well. 😯 #profitsbeforepeople #medicaldebt #healthinsurance #healthcare #patientsfirst

The M&A landscape is buzzing with a fierce bidding war for Baton Rouge-based Amedisys, a leading home health and hospice care provider. Initially, Illinois-based Option Care Health proposed an all-stock offer of $3.6 billion. However, Optum Health Inc., a subsidiary of UnitedHealth Group, countered with an unsolicited all-cash offer of $100 per share, valuing Amedisys at $3.75 billion. Amedisys CEO, Richard Ashworth, believes the deal with Option Care Health will deliver significant value to stockholders. However, the board has entered into a confidentiality agreement with Optum Health, indicating potential shifts. This comes amidst a backdrop of declining share prices for Amedisys, partially attributed to Medicare lowering reimbursement rates. As the bidding war intensifies, it's a reminder of the dynamic nature of M&A activity and the strategic value companies see in the home health care sector. Chaffe & Associates, Inc. Gay Le Breton #MergersAndAcquisitions #HealthcareIndustry #Amedisys #OptionCareHealth #OptumHealth https://lnkd.in/gu7yY7Pa

On April 8, the House Commerce Committee held an informational hearing on legislation that would prohibit private equity companies and real estate investment trusts from acquiring or increasing control over providers of healthcare services. Research has found that private equity ownership of nursing homes in Minnesota correlates with worse care and outcomes. Read on for more on the legislation and the concerns raised. https://lnkd.in/gN3NGdE2 #HealthcareCost #QualityofCare #PatientCare

Five weeks to a new NHS year and still no operating plan. But we do have draft budgets that reinforce all I've banged on about for years regarding weighted capitation and ring-fencing. The primary care and specialised commissioning ones reveal so much when drilled into as it's the first time we've seen them compared by ICB but even the mainstream ICB core allocations tell a challenging story. My NHSE Region has a 2.96% uplift so hard times are coming. But, then, spare a thought for the BOB ICB that is funded at a third less per patient than the one I live and work in. You can't understand the NHS until you understand the impact of weighted capitation. #nhs #nhsengland #funding #pharmaceuticalindustry #marketaccess #medtech #diagnostics #medicaldevices #northeastengland #healtheconomics