LycaHealth invests more than £140m as it looks to takes on the UK healthcare sector

LycaHealth has confirmed that it is investing more than £140m to grow its business in the UK.

The figure, which will be spent over the next five years, will primarily be invested in the South East, where LycaHealth will add the largest independent hospital in Kent – KIMS Hospital – and its associated Medical Centre in Sevenoaks to its medical centres already operating in London. This is part of LycaHealth’s commitment to bringing high quality, accessible health services to local communities in the UK.

This investment will support KIMS hospital’s ambition to expand its services and accessibility to the local community in Kent and the adjoining areas. In collaboration with LycaHealth, the hospital will be able to combine the knowledge of its dedicated medical staff with the latest technologies to meet the growing demand for fast access to diagnostics and treatments.

Over the coming years, LycaHealth will be investing in upgrading KIMS hospital technology and facilities for existing and future enhanced services, including supporting the growth of cancer care, treatment and recovery facilities.

For LycaHealth – which already has state-of-the-art centres in Canary wharf and Orpington, including its recently opened breast and screening diagnostic centres – this investment is testament to the company’s commitment to increase its healthcare portfolio in the UK, and ensure patients have access to high quality medical care.

Prema Subaskaran, LycaHealth Chairperson, said: “At LycaHealth, we strongly believe that if we’re to give people access to truly high quality and rapid medical care in the UK, then the private sector should work hand-in-hand with the NHS. Our investment in KIMS hospital is a step towards us achieving our long-term goal to provide a complete pathway from diagnosis through to treatment and aftercare for those patients that require it. Working with the KIMS team, we’ll be able to improve access to tech and strengthen the facilities on offer that ultimately improve each patient’s individual route to care, providing the best affordable healthcare for the local community.”

Macfarlanes LLP acted as legal advisors to LycaHealth.