Commercially attuned and highly knowledgeable on the changing face of the sector.
PCTs, FTs and care providers are under increasing financial pressure. Targets for deficit reduction, local authority funding cuts and the global economic crisis are all causing chief executives to have sleepless nights. The market players are aware of the need to reform themselves and their corporate structures in response to the inevitable and inexorable commercialisation of their marketplace.
GPs anticipate the evolution of alternative structures to the historic partnership including the LLP. We see the emergence of new types of care and service providers. While some are confident of their ability to adapt, others feel heavily constrained by portfolios, lack of funds and a culture unaccustomed to repositioning and restructuring their operations.
Penningtons Manches’ corporate team advises a range of health and care providers from GPs and dentists to private hospitals and care homes to help them meet the challenges of reshaping their businesses to respond to marketplace changes. Typically, we advise on development and restructuring strategies involving amalgamation and take-overs, collaboration and partnering arrangements and diverse re-organisations. We also assist with status changes and establishing new structures.
Our specialist India team can assist UK health and care providers wishing to take advantage of the huge opportunities to set up their operations in India.
In addition, we have good relationships with banks, accountancy firms and corporate finance houses with whom we work to provide an integrated approach to resolving corporate development issues.