BMI Healthcare

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]

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]

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]

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]

• Private medicine in the UK