BMI Healthcare

Last updated

BMI Healthcare
Company type Private
Industry Healthcare
Founded1970
Defunct2022
Successor Circle Health Group
Headquarters
London, United Kingdom
Area served
UK and International
Key people
Karen Prins
(Group Chief Executive) [1]
Revenue£834.0 million (2012) [2]
£106.1 million (2012) [2]
Owner Centene
Number of employees
9,500
Website www.circlehealthgroup.co.uk
Footnotes /references
[3]

BMI Healthcare was an independent provider of private healthcare, offering treatment to private patients, medically insured patients, and NHS patients. As of 2019, it had 54 private hospitals and healthcare facilities across the UK, with headquarters in London. [4] In December 2019, it was acquired by a parent company of Circle Health [5] and was replaced by Circle Health Group in 2022. [6]

Contents

History

BMI The Meriden Hospital BMI meriden hospital 5u07.JPG
BMI The Meriden Hospital

BMI Healthcare was formed in 1970, when US hospital group AMI acquired its first hospital in the UK, the Harley Street Clinic. By 1983, the AMI group had grown to 13 hospitals and by 1988 had created a psychiatric division, health services division and floated on the London Stock Exchange.

In 1990, AMI was purchased by then Generale des Eaux. AMI was renamed BMI Healthcare in 1993 and its new corporate group named General Healthcare Group. In 1997 funds managed by Cinven acquired GHG. After a further period of expansion GHG merged with Amicus Healthcare group in 1998 and the group grew its portfolio to over 40 hospitals.

In 2000, Cinven sold its investment to funds advised by BC Partners and in 2005 BMI Healthcare's health services, Occupational Health division was sold to the Capita Group. GHG was bought from BC Partners by a consortium led by Netcare (Network Healthcare Holdings Limited), a large South African Healthcare company, in 2006. In April 2018, Netcare announced it was to sell its 57% stake because it had failed to conclude a rent reduction transaction with the largest landlord on 35 of its 59 hospital properties. [7] In October 2018, it was announced that it had agreed a deal with its creditors and landlords, including Hospital Topco, which involved injecting capital of at least £58 million, extending the company's bank facilities to 2024 and reducing annual rent by £65M. This would bring its operations and 35 hospitals back under common ownership. [8]

In 2011, Stephen Collier was appointed chief executive. BMI showed a strong performance in its 2013 financial year, with revenue up by 2.1% (to £851.3M). [9] [10] In October 2017, Karen Prins was appointed chief executive officer. [11] Prins was an appointment from parent company Netcare based in South Africa.

In November 2019, it was reported that Circle Health, a smaller competitor, planned to acquire the company. [12]

Operations and services

BMI Thornbury Hospital Thornbury.JPG
BMI Thornbury Hospital

As a private healthcare provider, the bulk of BMI Healthcare's revenue was generated through the treatment of insured and self-pay patients, with many being surgical in nature. As with other private healthcare providers in 2012/13, recessionary pressures led to declining numbers of private patients, and an increased push towards securing NHS funded business. [13] [14]

It also offered health services to corporate clients, providing health assessments, on-site education days, physiotherapy, GP services, occupational health services and flu clinics to company employees. [15]

In April 2019, the firm closed the Somerfield Hospital in Maidstone. [16] Fernbrae Hospital in Dundee is to close in May 2019. [17]

NHS contracts

In May 2014, Brent clinical commissioning group (CCG)) awarded a £5.8 million ophthalmology contract to BMI Healthcare after a two-year hold up caused by complaints about the CCG's procurement procedure. [18]

The Woodlands Hospital in Darlington was used by South Tees Hospitals NHS Foundation Trust to help with elective surgery capacity problems, usually in the winter. This often involves the same surgeon working on a Sunday. 70% of the hospital's work is NHS funded. [19]

In 2017 around £370M of the firm's income, 42%, came from NHS-funded work. [7]

International work

BMI Healthcare saw increased numbers of international patients in recent years, with most international patients receiving treatment at London-based hospitals. The majority of patients BMI Healthcare treats were government sponsored from the Gulf regions of the Middle East. Insured patients living or travelling in the UK and self-paying patients from abroad made up the remainder of the international market BMI Healthcare treats. [20] [21]

University Hospitals Plymouth NHS Trust had a contract for cardiac surgery performed by the trust's own surgeons at the London Independent Hospital. This was mainly valve replacements and coronary artery bypass grafts. Patients usually spent 5–8 days in hospital and are admitted the night before to take account of travelling. [22]

Corporate affairs and culture

BMI The Winterbourne Hospital The Winterbourne Hospital - geograph.org.uk - 415198.jpg
BMI The Winterbourne Hospital

Philanthropy

In 2013, BMI Healthcare launched the Big Health Pledge to raise awareness of the UK's five biggest preventable killers: lung disease, heart disease, cancer, liver disease and stroke. It sought to promote healthier living through a range of initiatives in order to lessen the impact these diseases have on the British population. [23]

From 9 to 27 September 2013, BMI Healthcare supported participants taking part in Ask Italian's Grand tour, raising money for Great Ormond Street Hospital Children's Charity. BMI Healthcare provided nurses and physiotherapists to ensure those taking part remained injury free for the length of the tour. [24]

Awards

At the 2013 Independent Healthcare Awards run by Laing & Buisson, consultants from BMI Healthcare were shortlisted in the Innovation, Outstanding Contribution, Risk Management and Nursing Practice categories. [25]

Annie Ollivierre-Smith, catheter laboratory manager and lead cardiac nurse at BMI The London Independent Hospital, won nurse of the year 2013, at the Nursing Times awards. She was the first nurse ever from the private sector to win the award. [26]

In 2011, BMI Healthcare became the first private healthcare provider in the UK to be awarded VTE (Venous Thromboembolism) exemplar status across all of its sites, recognising its efforts to reduce the health risks associated with Deep Vein Thrombosis and Pulmonary embolism. BMI Healthcare benefited greatly from the expertise of King's Thrombosis Centre, leading to the creation of a National Thrombosis Team tasked with the implementation of VTE prevention policies across BMI Healthcare Hospitals. [27]

See also

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References

  1. ↑ "The BMI Healthcare management team". BMI Healthcare. Retrieved 18 December 2014.
  2. 1 2 "Annual Integrated Report 2012 - UK Operations" (PDF). Netcare Ltd. Retrieved 18 December 2013.
  3. ↑ "About BMI Healthcare". BMI Healthcare. Retrieved 18 December 2013.
  4. ↑ "About BMI | BMI Healthcare UK". www.bmihealthcare.co.uk. Retrieved 26 October 2016.
  5. ↑ "Circle Health to acquire BMI Healthcare". Circle Health. Archived from the original on 25 December 2019. Retrieved 25 December 2019.
  6. ↑ "BMI Healthcare rebrands as Circle Health Group". HealthInvestor UK. 27 January 2022. Retrieved 30 January 2022.
  7. 1 2 "Rising property costs force sale of major private provider". Health Service Journal. 4 April 2018. Retrieved 28 May 2018.
  8. ↑ "BMI Healthcare agrees financial restructuring deal". Reuters. 1 October 2018. Archived from the original on 1 October 2018. Retrieved 6 November 2018.
  9. ↑ Health Investor Power Fifty 2013
  10. ↑ "Medopad: Doctors with iPads could transform hospital care" . Retrieved 16 June 2014.
  11. ↑ "Management team | BMI Healthcare UK". www.bmihealthcare.co.uk. Retrieved 12 April 2018.
  12. ↑ "Takeover of BMI Healthcare by hedge fund-backed Circle Health is part of expansion push". Financial Times. 29 November 2019. Retrieved 2 December 2019.
  13. ↑ "Corporate Social Responsibility Report 2012" (PDF). BMI Healthcare. Archived from the original (PDF) on 18 August 2013. Retrieved 18 December 2013.
  14. ↑ "Little cheer for UK PMI market as country's largest private hospital group predicts 'challenging' six months ahead". Health Insurance and Protection Daily. Archived from the original on 4 March 2014. Retrieved 18 December 2013.
  15. ↑ "BMI Corporate Health". BMI Healthcare. Archived from the original on 10 December 2013. Retrieved 18 December 2013.
  16. ↑ "BMI The Somerfield Hospital in Maidstone has officially closed". Kent Online. 10 April 2019. Retrieved 7 May 2019.
  17. ↑ "Fernbrae Hospital: Dundee private care centre to close with loss of 50 jobs". The Courier. 19 March 2019. Retrieved 7 May 2019.
  18. ↑ "Brent contract awarded after competition complaints". Health Service Journal. 1 May 2014. Retrieved 27 May 2014.
  19. ↑ "Commissioning supplement: External providers can lend a hand". Health Service Journal. 19 March 2015. Retrieved 1 May 2015.
  20. ↑ "UK: BMI Healthcare develops its international services". International Medical Travel Journal. Retrieved 18 December 2013.
  21. ↑ "International patient information". BMI Healthcare. Retrieved 18 December 2013.
  22. ↑ "Enhancing the independent sector's role can ease pressure". Health Service Journal. 26 May 2015. Retrieved 17 June 2015.
  23. ↑ "'Big Health Pledge' campaign to raise awareness around London and the UK's five big killers". London Mums Magazine. Retrieved 18 December 2013.
  24. ↑ "BMI Healthcare supports Great Ormond Street Hospital Children's Charity". Private Healthcare UK. Retrieved 18 December 2013.
  25. ↑ "Healthcare awards shortlists BMI Healthcare in five categories". Employee Benefits. Archived from the original on 4 March 2014. Retrieved 18 December 2013.
  26. ↑ "Annie Ollivierre-Smith named as Nursing Times Nurse of the year 2013". Nursing Times. Retrieved 12 February 2014.
  27. ↑ "BMI Healthcare Group". VTE Prevention England. Archived from the original on 4 March 2014. Retrieved 18 December 2013.
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