More than 75 investment and healthcare professionals attended the latest August Equity Healthcare Deal Club event on 14 May, which featured guest speakers Mark Britnell, director-general for commissioning for the NHS, and Peter Farrier, former chief executive officer of Partnerships in Care, the leading provider of medium secure mental health hospitals in the UK.
Discussion at the event revolved around how the NHS and the private sector could work more closely together and on the tremendous opportunities for mid-market companies to become suppliers. For the first time in the 60-year history of the UK health service, a competition panel has been formed to enable interested parties to air their views, adding substance to Prime Minister Gordon Brown’s commitment to greater involvement by the private sector.
August Equity partner Philip Rattle said: “August Equity has spent a long time building an intricate network of contacts in the area, and is well-placed to benefit from its development. We have an intimate understanding of the sector. There is a plentiful supply of investment opportunities in the mid-market. It is a very fragmented area.”
The UK healthcare market was worth £111.4 billion in 2005, according to Office for National Statistics figures.
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