Proton Partners International

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Proton Partners International is a company based in Wales founded by Mike Moran and Professor Karol Sikora, with investment from Neil Woodford and the Wales Life Sciences Investment Fund, to develop proton therapy facilities in the United Kingdom and elsewhere.

It is developing centres in Newport, Wales, Bomarsund, Northumberland, and Reading, Berkshire and has raised in excess of £125 million of equity including £10 million from the Welsh Life Sciences Fund[1] and companies associated with Woodford. It secured £30 million from Shawbrook Bank in January 2016.[2] The Northumberland site benefited from a grant of £450,000 from the Let’s Grow regional growth fund programme.[3]

Graham Construction began work on building a cancer treatment centre in the Thames Valley Science Park in Reading for the company at a cost of £30 million in December 2016.[4] The facility opened in October 2018.[5]

It invested in the acquisition of the Gulf International Cancer Centre in Abu Dhabi in November 2016 as part of plans to create the first proton beam therapy treatment centre in the United Arab Emirates.[6]

Equipment and services are to be provided by Ion Beam Applications, [7] [8] Philips and Elekta.

It has established a number of wholly owned subsidiary companies; Rutherford Estates, Rutherford Cancer Centres, Rutherford Innovations and Rutherford Diagnostics. The Rutherford name reflects the renowned scientist Ernest Rutherford’s contribution in identifying and naming the proton in 1911. Through its Rutherford Estates company, it is now widely recognized as the world's largest developer of proton therapy centres.

In March 2017, the company announced the development of its fifth UK centre which will be built by Interserve on the Knowledge Quarter site in Liverpool.[9] At the 2018 Mipim UK property convention in London in October it was announced Proton Partners had started work on a headquarters for their Rutherford Diagnostics company. The building will also serve as a research centre and is sited next to their cancer treatment centre in Liverpool.[10]

References[edit]

  1. ^ "Construction begins on UK's first proton beam therapy cancer treatment centre". Wales on line. 18 January 2016. Retrieved 24 December 2016.
  2. ^ "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.
  3. ^ "Cancer treatment centre in Northumberland backed with grant from Journal's Let's Grow fund". Chronicle Live. 18 July 2016. Retrieved 24 December 2016.
  4. ^ "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.
  5. ^ "Reading: Cancer treatment centre opens at Thames Valley Science Park - The Business Magazine". The Business Magazine. 3 October 2018. Retrieved 19 October 2018.
  6. ^ "PROTON THERAPY CENTRE FOR ABU DHABI". International medical Travel Journal. 25 November 2016. Retrieved 24 December 2016.
  7. ^ "BRIEF-Ion Beam Applications signs two contracts with Proton Partners International". Reuters. 13 December 2016. Retrieved 24 December 2016.
  8. ^ "Proton Partners acquires Blue Phantom2 data acquisition system to support innovative cancer treatment". News medical. 9 December 2016. Retrieved 24 December 2016.
  9. ^ Houghton, Alistair (15 March 2017). "New £35m cancer centre will offer life saving proton beam therapy". liverpoolecho. Retrieved 19 October 2018.
  10. ^ Houghton, Alistair (19 October 2018). "Watch amazing fly-through video of BILLION-pound Paddington Village". Liverpool Echo. Retrieved 19 October 2018.