The 2018 Power Fifty winners

Grand Prix winner 2018

Jane Ashcroft
Chief executive, Anchor Trust

For the second year running, Anchor Trust’s Jane Ashcroft picks up the HealthInvestor Power Fifty Grand Prix. At the helm of an organisation with more ‘Outstanding’ rated services than any other, Jane was recognised by her peers for her “breadth and depth of sector expertise”. The merger of Anchor and Hanover also caught the attention of the market, with one member of the Power Fifty describing Jane as “one of the rare individuals who manages to successfully and very genuinely combine the desire to improve society with a drive to commercial performance”.

Jane joined Anchor in 1999 from Bupa, which had acquired Care First where she was personnel
director. She was appointed chief executive of Anchor on 9 March 2010. Prior to joining Care First she held HR and governance roles with Bromford Housing Group and Midlands Electricity.

Jane is a Trustee of The Silverline, a helpline for older people and a non-executive director of Dignity.

Jane was a founder of Associated Retirement Community Operators, representing the growing market for retirement village provision in the UK and is currently vice chair. Jane is also a board member
of Care England, the largest representative body for providers of adult social care and vice chair of
the National Housing Federation which represents housing associations in England. Jane is a fellow
of the Institute of Chartered Secretaries and a member of the Chartered Institute of Personnel & Development. She was awarded a CBE in the 2013 New Year Honours for services to older people.

Leading investor 2018

Benjamin Davis
Chief executive, Octopus Healthcare

As chief executive of Octopus Healthcare, there can be few individuals who see more deal opportunities than Benjamin. Investing across all aspects of the health and social care estate, Power Fifty members were impressed by how aggressive the Octopus team has been in winning deals with one voter saying they “have been brilliant in supporting the market with investment”. Consistently described as innovative, one Power Fifty leader said of their interactions with Octopus that “I’ve found them to be intelligent and insightful with a broad view of investment compared with many who take a
very pedestrian and conventional approach”.

Benjamin joined Octopus in 2010. As chief executive, he is responsible for delivering the company’s mission: to create exceptional healthcare facilities you’d choose for your loved ones. Octopus Healthcare has over £1.5 billion funds under management, delivering investments, developments and partnerships across three core sectors of GP surgeries, care homes and retirement living.

Benjamin previously led Octopus’ Intermediate Capital investment team. Prior to Octopus, Benjamin worked at YFM Equity Partners investing across a range of sectors, and worked in corporate finance and venture capital at investment bank Interregnum in the UK and USA. Benjamin has an MBA from the University of Cambridge and a BCom (Hons) degree from the University of Auckland, New Zealand.

Leading investor nominees 2018
The HealthInvestor Power Fifty Leading Investor title is awarded to the individual – whether at a private equity firm, family office, REIT or institutional fund – that has spearheaded the most innovative deals or portfolio company exits in 2018.

  • Phil Bayliss, head of later living, Legal & General
  • Ruben Bhagobati, senior principal, AMP Capital
  • Benjamin Davis, chief executive, Octopus Healthcare
  • Laurent Ganem, founder and chief executive, G Square Healthcare Private Equity
  • John Godden, chief executive, Salutem Healthcare
  • Liz Jones, partner, Livingbridge
  • Kenneth MacKenzie, founder and chief executive, Target Fund Managers
  • Andrew Ovey, head of healthcare, AXA Investment Managers – Real Assets
  • David Porter, managing partner, Apposite Capital
  • Justin Skiver, senior vice president – international, Welltower

Deal maker 2018

David Jones
Partner – health and life sciences M&A, Deloitte

A name that is synonymous with the health and social care marketplace, Deloitte’s David Jones has once again been recognised by his peers as the leading Deal Maker in the sector. Praised for his consistency, longevity and effectiveness, Jones was singled out for “actually getting things done” in a market that has been “all bluster and few completions”. Described by Power Fifty members as “pragmatic and easy to deal with”, David simply “knows everyone and everything and is great at working off market”.

For more than 17 years at Deloitte, David has advised on a wide range of M&A across the public and private healthcare sector. He remains at the forefront of the most high-profile and innovative healthcare deals and was recognised as ‘Deal maker of the year’ at the 2017 HealthInvestor Power Fifty Awards and the team was recognised as ‘Corporate financier of the year’ at the 2018 HealthInvestor Awards.

Prior to joining Deloitte, David was director of corporate development at Westminster Health Care Group (including Priory Group), one of the UK’s leading independent providers of elderly and specialist healthcare.

Deal maker

Well executed deals require a quality transactional lead, and the HealthInvestor Power Fifty Deal Maker accolade goes to the leading corporate financier or property consultant that investors and operators wanted managing their deal in 2018.

  • Issy Corbett, head of healthcare M&A, PwC
  • Julian Evans, head of healthcare, Knight Frank
  • Hedley Goldberg, global head of healthcare services, Rothschild & Co
  • David Jones, partner – health and life sciences m&a, Deloitte
  • Matthew Lee, head of uk healthcare and managing director, Lincoln International
  • Richard Lunn, managing director – care, Christie & Co
  • Tom Morgan, executive director, healthcare, CBRE
  • Andrew Nicholson, global head of healthcare corporate finance, KPMG
  • Richard Singh, partner, Gleacher Shacklock
  • Will Thompson, head of healthcare investment banking, EMEA, Barclays

Capital provider 2018

Jeremy Huband
Head of healthcare, HSBC

In one of the most competitive categories, Jeremy Huband stood out from his peers in 2018 for the variety in size and scope of HSBC’s activity in health and social care. Seen as a “highly experienced” banker, Jeremy was lauded for his “consistently strong support of the sector” and one voter said he was “leading HSBC into some amazing deals that will have a massive impact on the sector”.

Jeremy leads the HSBC’s healthcare relationship teams across the UK. He has more than 20 years’ experience in the healthcare sector, working with care homes, GPs, dental practices, community pharmacies, private hospitals, day care nurseries, homecare, fostering and veterinary practices.

Jeremy is well known in the sector and has a well-developed network of contacts within these markets. He joined HSBC in 2017 from Royal Bank of Scotland and NatWest, where he also headed up healthcare. He aims to raise HSBC’s profile in many healthcare markets and assist quality operators in developing their businesses.

Outside the bank, Jeremy has an interest in a learning disability mental health home caring for a dozen adults. He also helps out with the development of some national care home charities.

Capital provider

M&A and company expansion just isn’t possible without injections of capital from lenders. This award celebrates the healthcare lead at a bank or alternative capital providers that has been the most supportive to operators and investors in 2018.

  • Derek Breingan, head of health and social care, Clydesdale Bank (CYBG)
  • Dasos Kirtsides, head of healthcare, Shawbrook Bank
  • Jeremy Huband, head of healthcare,
    HSBC
  • Denis Knockton, head of mid-market healthcare, Metro Bank
  • David McHattie, head of public sector and healthcare, Barclays

Outstanding leader 2018

Pete Calveley
Chief executive, Barchester Healthcare

An instantly recognisable figure in the health and social care market, Pete Calveley has been singled out by his contemporaries as the Outstanding Leader in the sector. Seen as a “class act”, Pete has overseen an extremely strong year for Barchester as “he continues to focus on quality to drive financial performance”. Described by a fellow Power Fifty member as “very no nonsense, very humorous, great fun and very open – Pete has the whole sector’s best interest in mind when dealing with issues or
problems along the way, he is a huge positive contribution and influence on the sector”.

After eight years as chief executive of Four Seasons Health Care, Pete Calveley joined Barchester Healthcare in 2014, bringing to the company his extensive knowledge and understanding of the care sector. He leads a dedicated team of more than 14,000 Barchester staff who provide top quality services for more than 12,000 residents.

Pete is also a member of the Department of Health Forward Thinking Group, which informs policy decisions. He has been central to building awareness of the capability of independent operators to provide services that complement the NHS and in making the case for a joined-up approach to health and social care funding.

Outstanding leader

Health and social care providers operate in undeniably tough trading conditions and growing companies in this environment requires a resilient, visionary and pragmatic leader. The HealthInvestor Power Fifty Outstanding Leader prize is given in recognition of the chief executive who encapsulates these qualities and more, and has steered their company most successfully through the year.

  • Justin Ash, chief executive, Spire
  • Jane Ashcroft, chief executive, Anchor Trust
  • Pete Calveley, chief executive, Barchester Healthcare
  • Andrew Cannon, chief executive, Voyage Care
  • Joy Chamberlain, chief executive, Elysium Healthcare
  • Carole Edmond, chief executive, Regard
  • Steve Gray, chief executive, Nuffield Health
  • Avnish Goyal, managing director, Hallmark Care Homes
  • Paul Jeffery, chief executive, Caring Homes Group
  • Mike Parish, chief executive, Care UK
  • Jeremy Richardson, chief executive, brighterkind
  • Nick Sanderson, chief executive, Audley Retirement
  • John Strowbridge, chief executive, Avery Healthcare
  • Daya Thayan, chief executive, Kingsley Healthcare
  • Trevor Torrington, chief executive, Priory Group

Sector specialist 2018

Clare Connell
Managing director, Connell Consulting

One of the health and social care sector’s most visible figures, Clare Connell has built a consultancy with deep sector knowledge, with Power Fifty members describing her as an “outstanding networker and business driver with a client list to be proud of”. Voters praised the quality of Connell Consulting’s work, with one Power Fifty member saying “she has a breadth of knowledge including financial, commercial and operational experience and when visiting assets she is fully in tune with the nature of the services”.
Connell Consulting has a large and growing market share of the UK health and social care commercial due diligence market and works on several billions of pounds worth of private equity transactions each year. The business also provides strategic and operational consultancy services to the leading operators in the sector. In 2016 Connell Consulting won ‘Consultants of the year – Strategic’ at the HealthInvestor Awards. Clare graduated from Durham University and has worked in strategic consulting for almost 20 years, starting her career at the strategy practice of Accenture.

Sector specialist

Necessary to every deal or company expansion plan, because of their deep sector knowledge, are the due diligence advisors. The HealthInvestor Power Fifty Sector Specialist award is presented to the advisor who has shown themselves most indispensable on transactions or as a source of strategic advice in 2018.

  • Clare Connell, managing director, Connell Consulting
  • Bhavna Keane-Rao, founder, BKR Consultancy
  • Andrew McKechnie, partner, PwC
  • Leonid Shapiro, managing partner, Candesic
  • Tony Stein, chief executive, Healthcare Management Solutions

Non-executive director 2018

Ted Smith

One of the most respected individuals in the health and social care sector, the “wise and experienced” Ted Smith was selected as the leading Non-Executive Director in the 2018 Power Fifty. Praised for his “fantastic guidance and mentoring to executive teams across a range of companies”, Ted “does the right thing in the right way – every time”.
Ted qualified as a pharmacist in 1980 and spent the first 25 years of his career in UK retailing, holding senior positions with Boots the Chemist, WH Smith and the Big Food Group. In parallel he also sat on the council of the Royal Pharmaceutical Society and the board of his local Family Health Services Authority.

In 2004 Ted moved to the health and social care sector as chief executive of Craegmoor and then to the same role with European Care and then Embrace. Since then he has chaired nine groups within the sector, all in a non-executive capacity. He is currently chair of Accomplish, Keys Care and Pharmacy2U. He also works with G Square, the specialist healthcare private equity house, as operating partner.

Non-executive director

The HealthInvestor Power Fifty NED prize is given to an individual who has shown themselves to be a dynamic, must-have non-executive director or chairman of a health and social care company by being the perfect foil to the executive teams and an invaluable font of knowledge.

  • Stephen Collier
  • Robert Kilgour
  • Mike Parsons
  • Chai Patel
  • Ted Smith

28 November 2018

Plaisterers’ Hall, One London Wall, London EC2Y 5JU

One to Watch sponsor:
Celebration reception sponsor:
Networking reception sponsor:

The Power Fifty 2018 categories:

  • Leading investor
  • Deal maker
  • Capital provider
  • Outstanding leader
  • Sector specialist
  • Non-executive director

Power Fifty members 2018

  • Justin Ash, chief executive, Spire Healthcare
  • Jane Ashcroft, chief executive, Anchor Trust
  • Phil Bayliss, head of later living, Legal & General
  • Ruben Bhagobati, senior principal, AMP Capital
  • Derek Breingan, head of health and social care, Clydesdale Bank (CYBG)
  • Pete Calveley, chief executive, Barchester Healthcare
  • Andrew Cannon, chief executive, Voyage Care
  • Joy Chamberlain, chief executive, Elysium Healthcare
  • Stephen Collier
  • Clare Connell, founder and managing director, Connell Consulting
  • Issy Corbett, head of healthcare m&a, PwC
  • Benjamin Davis, chief executive, Octopus Healthcare
  • Carole Edmond, chief executive, The Regard Group
  • Julian Evans, head of healthcare, Knight Frank
  • Laurent Ganem, founder and chief executive, G Square Healthcare Private Equity
  • John Godden, chief executive, Salutem Healthcare
  • Hedley Goldberg, global head of healthcare services, Rothschild & Co
  • Avnish Goyal, chair, Hallmark Care Homes
  • Steve Gray, chief executive, Nuffield Health
  • Jeremy Huband, head of healthcare, HSBC
  • Paul Jeffery, chief executive, Caring Homes Group
  • Liz Jones, partner, Livingbridge
  • David Jones, partner – health and life sciences m&a, Deloitte
  • Bhavna Keane-Rao, founder, BKR Care Consultancy
  • Robert Kilgour
  • Dasos Kirtsides, head of healthcare, Shawbrook Bank
  • Denis Knockton, head of mid-market healthcare, Metro Bank
  • Matthew Lee, head of uk healthcare and managing director, Lincoln International
  • Richard Lunn, managing director – care, Christie & Co
  • Kenneth MacKenzie, founder and chief executive, Target Fund Managers
  • David McHattie, head of public sector and healthcare, Barclays
  • Andrew McKechnie, healthcare strategy partner, PwC
  • Tom Morgan, executive director, healthcare, CBRE
  • Andrew Nicholson, global head of healthcare corporate finance, KPMG
  • Andrew Ovey, head of healthcare, AXA Investment Managers – Real Assets
  • Mike Parish, group chief executive, Care UK
  • Mike Parsons
    Chai Patel
  • David Porter, managing partner, Apposite Capital
  • Jeremy Richardson, chief executive, brighterkind
  • Nick Sanderson, chief executive, Audley Group
  • Leonid Shapiro, managing partner, Candesic
  • Richard Singh, partner, Gleacher Shacklock
    Justin Skiver, senior vice president – international, Welltower
  • Ted Smith
  • Tony Stein, chief executive, Healthcare Management Solutions
  • John Strowbridge, managing director and co-founder, Avery Healthcare
  • Daya Thayan, chief executive, Kingsley Healthcare
  • Will Thompson, head of healthcare investment banking, EMEA, Barclays
  • Trevor Torrington, chief executive, Priory Group

About HealthInvestor UK

HealthInvestor UK is the leading magazine and website for investors, operators, lenders and advisors focused on the UK health and social care sector. Our team of experienced journalists provide readers with the latest market news and analysis through our website and monthly magazine.

Contact the team

Sponsorship opportunities:
Paul Routley | +44(0)207 104 2006
Paul.Routley@investorpublishing.co.uk

Speaking opportunities:
Veena Gupta | +44(0)207 104 2058
veena.gupta@investorpublishing.co.uk

Marketing opportunities:
Ivan Ujvari | +44(0)20 7104 2000
ivan.ujvari @investorpublishing.co.uk