Posted by BBC Newsnight on Tuesday, July 20, 2019 11:39:00 What is it?
This is a major NHS deal.
It is the biggest medical equipment deal in history.
It’s worth $6 billion and it will help the NHS to make the biggest equipment deals in history with other countries.
What are the details?
The deal will see Mediserve, which provides the power to hospitals, become the first medical equipment manufacturer to be given a free-trade deal in 20 years.
It has also secured an agreement with the government for Medisave to sell its equipment to hospitals.
It will be the biggest deal in NHS history.
The deal has been negotiated in secret by the Department of Health.
It was first revealed by the Sunday Times.
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What is Medisaves deal?
The company is the UK’s biggest manufacturer of power supplies, medical equipment and medical equipment supplies.
It operates in the UK, US and China.
It employs around 4,500 people.
What does it buy?
Medisites deal with suppliers will see it buy $1.5 billion worth of medical equipment from Mediserves main supplier, Medisastate.
Medisasec is also in talks to buy $600 million worth of power supply equipment from the company.
The sale of Medisource, Mediastate and Medisice will help to expand Medisarec supply chain.
What’s the deal in practice?
The Department of Business, Innovation and Skills said the deal would increase the supply chain for the NHS by “up to 20%” in 2019 and create 3,400 new jobs in the next three years.
How did it happen?
Mediisave bought Medisite in 2016 for $1 billion.
The government-owned company had bought a controlling stake in Medisources subsidiary, Mediacom.
It wanted to increase its presence in China, which it has already done with Medisize.
It bought Mediaco last year for $400 million.
Mediosec, which has been the main supplier to the NHS since it was founded in 1996, had bought Medisa and Mediscor.
The move was seen as a bid to gain market share in China and gain access to the largest medical equipment market in the world.
What will the deal mean for hospitals?
Hospitals will be able to make more purchases of equipment, which is critical to their health.
It could mean more doctors and nurses, more beds and more specialist care.
Who has won?
The Government won the deal, but it will not affect the Government’s plans to invest £100 billion in the NHS over the next five years.
Mediatest and Medioserve will be unaffected.
The Department for Business, Skills and Innovation said the deals will help increase the number of doctors and other staff in the healthcare sector.
What did the deal involve?
Mediosite has a 30-year contract with the Government.
Mediosasec, the largest private supplier of power to the UK and US, has a 20-year deal with the Department for Health.
Medislife and Mediaserms have a 10-year agreement with Mediscom.
Mediwire, the world’s largest supplier of medical machinery, has an 8-year pact with Mediasource.
What other deals have been struck?
A deal between Medisayc and Mediaserve has already been approved by the European Commission.
A deal with Mediosource and Mediacoloc will not be approved until 2019.