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In October 2014, the Competition and Markets Authority (the “CMA”) published the Private Healthcare Market Investigation Order 2014 (the “Order”) following its investigation into the private healthcare industry. The Order imposed requirements on private hospital operators to disclose certain information in relation to referring clinicians (as defined by the Order) for the benefit of patients. Full details about the investigation and the Order can be found on the CMA web page https://www.gov.uk/cma-cases/private-healthcare-market-investigation. The information provided by Aspen Healthcare below is required by the Order.
At Aspen Healthcare we work with our doctors to ensure they can focus on high quality patient care. In keeping with one of Aspen Healthcare’s core values, ‘Investing in Excellence’, we supply in-depth training and development for all of our staff.
Cancer Centre London provides the following services to Consultants and/or Referring Clinicians:
Low-Value Services
General Services
Basic Workplace Amenities
General Marketing & Promotional Services to be able to operate a Commercial Business, Including but not limited to:
General Corporate Hospitality, Proportionate and Reasonable to the Nature of the Business Including:
Corporate Hospitality Events – 2017 | Number of attendees | Cost (£) |
Annual Golf Day | 3 | £1,800 |
Consultant Speciality Networking Event- Breast Oncology | 5 | £145 |
Consultant Speciality Networking Event- GI Oncology | 4 | £101 |
Annual Consultant Christmas Party | 20 | £2,260 |
Rugby Tickets | 11 | £5,500 |
2018 | Number of attendees | Cost p/head (£) |
Rugby Tickets | 10 | £520 |
Annual Consultant Christmas Party | 8 | £47 |
2019 | Number of attendees | Cost p/head (£) |
Bowel Disease UK Fundraising Dinner |
4 | £120 |
Rugby Tickets | 6 | £520 |
Summer Drinks | 1 | £70 |
2022 | Number of attendees | Cost p/head (£) |
Consultant Summer Drinks | 15 | £37.50 |
Christmas gifts | 5 | £32.30 |
Higher-Value Services
Service | Charges |
Sessional Consulting Rooms | £10 per patient/ £55 per 3-hour session
Virtual consult charged at £2.50 per patient |
Fixed Office Space | £20 per ft² per annum |
Clinician Advisory Services
Private hospital operators are required to disclose details of certain paid services provided by referring clinicians to private hospital operators in addition to exercising Practising Privileges at that hospital. Clinician Advisory service information is shown below:
N/A
Valuation Methodology
At the time of purchase, the value of each 1% equity interest was valued as a fair market multiple of the preceding year’s free cash flow.
The information disclosed on this page in accordance with the Private Healthcare Market Investigation Order 2014 is true and accurate to the best of Aspen Healthcare’s knowledge and belief.