Rutherford Health

Rutherford Health is a private oncology provider. It was founded by Mike Moran and Karol Sikora in 2015, with investment from Neil Woodford and the Wales Life Sciences Investment Fund, to develop proton therapy facilities in the United Kingdom and elsewhere. Until 2019 it was known as Proton Partners International.[1]

Proton therapy

Rutherford Health has proton therapy centres in Newport, Wales, Bedlington, Northumberland, and Reading, Berkshire. Equipment and services have been provided by Ion Beam Applications,[2][3] Philips and Elekta. The Newport site was the first to open with construction starting in 2016.[4] The Reading site cost £30 million and work began in December 2016,[5] before opening in October 2018.[6] The Bedlington site was opened in 2018.[7]

Funding included £10 million from the Wales Life Sciences Investmunt Fund in 2016[8], as well as continued investment of over £100 million through fund manager Neil Woodford.[9] The Wales Audit Office has criticised handling of the Wales Life Sciences Investment Fund due to Woodford being the main shareholder in the company which managed it.[10] Proton Partners secured £30 million from Shawbrook Bank in January 2016.[11] The Northumberland site benefited from a grant of £450,000 from the Let’s Grow regional growth fund programme.[12]

In November 2016 Proton Partners purchased the Gulf International Cancer Centre in Abu Dhabi as part of plans to create the first proton beam therapy treatment centre in the United Arab Emirates.[13] Work began in 2019.[14]

In March 2017, the company announced the development of its fourth UK centre to be built by Interserve on the Knowledge Quarter site in Liverpool.[15] In 2018 it was announced work had started on a headquarters for their Rutherford Diagnostics subsidiary. The building will also serve as a research centre and is sited next to their cancer treatment centre in Liverpool.[16]

Other activities

It has established a number of wholly owned subsidiary companies; Rutherford Estates, Rutherford Innovations and Rutherford Diagnostics.

gollark: I've read that they got the cost down by making the power supplies... perhaps excessively simple.
gollark: Incandescent lightbulbs... are still legal basically everywhere as far as I know?
gollark: Proof of their drone nature.
gollark: As if we needed more...
gollark: Because technically incompetent people... do technically incompetent things, I guess.

References
  1. "Rutherford Health PLC - Overview". Companies House. Retrieved 11 June 2020.
  2. "BRIEF-Ion Beam Applications signs two contracts with Proton Partners International". Reuters. 13 December 2016. Retrieved 24 December 2016.
  3. "Proton Partners acquires Blue Phantom2 data acquisition system to support innovative cancer treatment". News medical. 9 December 2016. Retrieved 24 December 2016.
  4. "Construction begins on UK's first proton beam therapy cancer treatment centre". Wales on line. 18 January 2016. Retrieved 24 December 2016.
  5. "GRAHAM Construction starts work on £30m cancer centre in Reading". Builder and Engineer. 16 December 2016. Archived from the original on 2016-12-24. Retrieved 24 December 2016.
  6. "Reading: Cancer treatment centre opens at Thames Valley Science Park". The Business Magazine. 3 October 2018. Retrieved 19 October 2018.
  7. "Cancer-therapy centre opens in Northumberland". Northumberland Gazette. 21 August 2018.
  8. Barry, Sion (6 April 2015). "£10m Welsh Government backing for UK's first proton beam centres". WalesOnline.
  9. Powell, Jamie (4 July 2019). "Proton Partners and Woodford: a valuation puzzle". FT Alphaville. Financial Times.
  10. Nimmo, Jamie (22 June 2019). "Exposed: Woodford's link to £100m Wales fund". This is Money.
  11. "Neil Woodford-backed Proton Partners International receives £30m loan from Shawbrook bank to fund development of three proton therapy centres". City AM. 6 January 2016. Retrieved 24 December 2016.
  12. "Cancer treatment centre in Northumberland backed with grant from Journal's Let's Grow fund". Chronicle Live. 18 July 2016. Retrieved 24 December 2016.
  13. "PROTON THERAPY CENTRE FOR ABU DHABI". International medical Travel Journal. 25 November 2016. Retrieved 24 December 2016.
  14. Harley, Nicky (5 June 2019). "Cancer centre not affected by investment fund's woes". The National.
  15. Houghton, Alistair (15 March 2017). "New £35m cancer centre will offer life saving proton beam therapy". liverpoolecho. Retrieved 19 October 2018.
  16. Houghton, Alistair (19 October 2018). "Watch amazing fly-through video of BILLION-pound Paddington Village". Liverpool Echo. Retrieved 19 October 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.