The recruitment squeeze With the number of job vacancies remaining near all-time highs and fewer people than ever actively seeking work, businesses are continuing to struggle to recruit staff...
Christopher Axford
Head of Corporate
Sectors
Healthcare
Sectors
Healthcare
In recent years, the growth in the health and care sector, combined with the UK’s ageing population, has helped to maintain the attractiveness of healthcare businesses to operators, investors and lenders. However, with growth has also come new and more complex regulation, which has been constantly evolving in recent years. On top of this, the impact of the Covid-19 pandemic and new funding arrangements announced in 2021 create a complex picture; expert advice is key.
Druces’ healthcare group is made up of experienced individuals from our Corporate & Commercial, Dispute Resolution, Property, Restructuring and Insolvency teams. Over the years, our lawyers have acted for many operators, owners, investors, banks and other lenders in the sector. In particular, our Corporate team has handled many acquisitions and disposals of healthcare businesses and interests.
Our clients include a number of banks and financial institutions, funds, corporate and commercial providers, medical charities, pharmaceuticals companies, medical suppliers and manufacturers, owners, investors and insolvency practitioners.
Legal 500
Health and social care is a primary sector for our firm and has become a key specialism. That has been recognised by Legal 500: ‘the team has particular expertise in [advising clients who are] buying, selling and investing in healthcare assets, a sector in which the firm has built a strong reputation’ and our ‘strong track record for handling restructuring and administration in the care sector’.
Recent work
- We advised OxStem Limited on its £16.9m financing. OxStem Limited is an Oxford University spin-out and this transaction is believed to be the largest known funding in the UK for a new University spin-out.
- We advised on the £35m acquisition of a group of 12 care homes in the North East.
- We advised Pickstock Group on the £7.1m sale of 75-bed St Martin’s Grange Care Home to Blackrock, one of the world’s pre-eminent asset management firms.
- We advised on the restructure of a portfolio of 24 leasehold care homes assets spread throughout England and Wales and their sale to a major national operator.
- We acted for a healthcare group in connection with the restructuring of £30m+ of existing finance facilities, including a revolving credit facility, term loan, overdraft and hedging facilities.
Who to Contact
Claire Rigby
Senior Associate
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