Genmed
Genmed is a UK-based vendor-neutral managed services provider that procures, funds, and manages equipment, consumables, and supply chains for over 40 NHS Trusts, Health Boards, and private healthcare organisations across surgery, pathology, endoscopy, and related clinical disciplines.
- Company typePrivate
- Founded2007
- HeadquartersWales, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
Genmed firmographics
Firmographics- Name
- Genmed
- Legal name
- Genmed Group Limited
- Website
- https://genmed.eu
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Genmed is a UK-based vendor-neutral managed services provider that procures, funds, and manages equipment, consumables, and supply chains for over 40 NHS Trusts, Health Boards, and private healthcare organisations across surgery, pathology, endoscopy, and related clinical disciplines.
- Ownership category
- akta.pro rank
Where Genmed is headquartered
LocationHeadquarters
- HQ city
- Wales
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Genmed business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Managed Service Contracts (MSC): Genmed provides managed service contracts covering procurement, supply chain, equipment funding, and administrative services for NHS and healthcare organisations. Contracts are structured as unitary payments based on cost per case, cost per test, or agreed service levels. Costs are smoothed quarterly, shifting from CAPEX to OPEX. Revenue comes from management fees, procurement savings achieved for clients, and VAT recovery facilitation.
- Managed Equipment Services (MES): Genmed provides and maintains equipment (analysers, endoscopes, imaging devices) under long-term managed equipment service agreements. Equipment is not owned by the customer. Charges are typically fixed, unitary, and bundled (including procurement, financing, installation, maintenance, calibration, training, and refresh cycles). Revenue derives from bundled service fees.
- Procurement Services: Genmed manages rapid and efficient procurement projects for NHS and public sector organisations. Provides price benchmarking across NHS and Europe, full P2P services with inventory management, energy procurement, and direct supplier negotiation outside of National Frameworks. Revenue from service fees and cost savings achieved for clients.
- VAT Recovery Facilitation: Genmed's managed service contracts are HMRC compliant for contracted-out services, enabling NHS Trusts to recover 20% VAT. This represents a direct financial benefit to clients and a key value driver. Genmed retains a management fee from this arrangement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Flexible managed service contracts tailored to each customer |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Genmed product offering
Product offeringCore offering
Genmed provides vendor-neutral managed service contracts (MSCs) and managed equipment services (MES) to NHS Trusts, Health Boards, and private healthcare organisations. Its services cover procurement, supply chain coordination, consumables sourcing, equipment provision and maintenance, purchase-to-pay administration, inventory control (including Scan4Safety/hTrak barcode systems), and HMRC-compliant VAT recovery — shifting client costs from CAPEX to OPEX while reducing the administrative burden on clinical staff.
Product overview
Genmed is a vendor-neutral managed services provider for the NHS and private healthcare sector, offering a portfolio of managed service contracts (MSCs) and managed equipment services (MES) across multiple clinical disciplines. The core offering includes Surgery Solutions, Pathology Solutions, Endoscopy Solutions, Cardiology, Imaging, Renal, Point of Care, and Case Carting services. These services are unified by Genmed's MSC framework, which provides procurement, supply chain management, equipment provision, purchase-to-pay administration, inventory control systems (including barcode-based tracking), and VAT recovery under HMRC contracted-out service rules. The company also offers Energy Services through a partnership with LG Energy Group. All services are vendor-agnostic, enabling NHS Trusts to select equipment and consumables based on clinical requirements rather than supplier relationships. Services shift costs from capital expenditure (CAPEX) to operational expenditure (OPEX) and are designed to reduce administrative burden on clinical staff.
Differentiator
Problem solved
Functional benefit
Brands
- Genmed Managed Services: International managed services division operating in Ireland and European markets
- Genmed Commercial Services (GCS)
Products and services
- Managed Service Contracts (MSC) Vendor-neutral managed service contracts covering procurement, supply chain, consumables, equipment, and administrative support for NHS Trusts and private healthcare providers, shifting costs from CAPEX to OPEX and enabling VAT recovery.
- Managed Equipment Services (MES) Equipment-focused managed services tied to specific kit, covering the entire equipment lifecycle from procurement through installation, maintenance, calibration, training, and refresh cycles.
- Surgery Solutions Comprehensive support for hospital surgery departments including administrative burden removal, multi-vendor equipment procurement, consumables sourcing, and flexible payment options tailored to each department's needs and budget.
- Pathology Solutions Efficient, cost-effective laboratory services covering hundreds of suppliers across the pathology diagnostics market, with data analysis for continuous improvement and third-party funding options for equipment replacement.
- Endoscopy Solutions Managed service for endoscopy departments including equipment provision, maintenance agreements, consumables procurement, and support for accreditation processes.
- Case Carting Management and logistics services for surgical case carts and associated equipment handling in operating theatre environments.
- Point of Care Solutions Managed services for point-of-care testing including equipment and consumables provision for hospital departments.
- Cardiology Solutions Managed services for cardiology departments including equipment procurement and supply chain management.
- Imaging Solutions Managed services for imaging departments including equipment procurement, installation, and ongoing support.
- Renal Solutions Managed services for renal departments covering equipment and consumables procurement.
- Energy Services Energy procurement and net zero solutions provided through partnership with LG Energy Group (LGE), including energy procurement, green procurement, power purchase agreements, renewable and energy reduction technologies, market intelligence, net zero strategy, energy surveys, and regulatory support.
- Procurement Services Managed procurement projects for NHS and public sector organisations, providing price benchmarking across NHS and Europe, full purchase-to-pay services with inventory management, and direct supplier negotiation outside of National Frameworks.
Quantifiable outcome
- £641K in specific procurement savings and £629K in costs avoided for SWLEOC, in addition to £4M+ tax savings (net of charges) over four years
- +5 more outcomes
Companies that use Genmed
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Genmed technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Genmed partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- LG Energy Group (LGE)coreGenmed partnered with LG Energy Group, a market-leading energy procurement and management consultancy. The partnership provides Genmed's NHS and healthcare customers with access to energy procurement, green procurement, power purchase agreements, renewable and energy reduction technologies, market intelligence, net zero strategy, energy surveys, and regulatory support. LGE's expertise complements Genmed's managed services offering, particularly as energy costs and net-zero targets become priorities for NHS organisations.
- OlympuscoreOlympus partnered with Genmed on the state-of-the-art endoscopy centre at Norfolk and Norwich University Hospital's Quadram Institute. Olympus provides the latest medical devices including all endoscopes and associated equipment, while Genmed manages the overall managed service contract. A seven-year maintenance agreement is fulfilled by Olympus, ERBE, Cantel, and the hospital's own EBME team.
- NHS London Procurement Partnership (LPP)coreGenmed is an authorised provider on the NHS London Procurement Partnership framework agreement, which speeds up the procurement process for NHS Trusts wishing to engage Genmed's managed services. The framework provides compliant access to Genmed's services without full tender processes.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Genmed competitors and assessment
Company assessmentBroad incumbents
- Crown Commercial Service: UK government procurement organisation that operates frameworks accessed by NHS and wider public sector; competes for managed procurement and back-office service contracts in adjacent categories.
- Sodexo Healthcare: Global facility management and soft services provider with significant NHS hospital footprint; competes with Genmed on outsourced hospital support services, though typically outside core clinical procurement.
- Baxter International: Global medical products company with renal therapies and hospital products; overlaps with Genmed's Renal Solutions and broader clinical supplies lines through direct manufacturer-led service contracts.
Direct peers
- Siemens Healthineers: Global imaging and laboratory equipment OEM with a large managed equipment services (MES) business that competes directly with Genmed for NHS diagnostic, imaging and pathology managed service contracts.
- Olympus Medical: Endoscopy equipment OEM that supplies kit at NNUH Quadram and offers its own managed service contracts to NHS endoscopy departments, competing directly with Genmed's Endoscopy Solutions.
- Philips Healthcare: Imaging, patient monitoring and diagnostic OEM with managed services and equipment-as-a-service offerings aimed at NHS Trusts; directly comparable in MES and vendor-managed contracting.
- HealthTrust Europe: GPO providing procurement frameworks and managed service solutions to NHS Trusts in the UK; comparable GTM leveraging framework agreements and aggregated supplier leverage akin to Genmed's NHS framework access.
- NHS Supply Chain (SCCL): Government-owned procurement body handling the bulk of NHS consumables and equipment sourcing; competes head-on with Genmed's procurement services and supply chain management value proposition to NHS Trusts.
- GE HealthCare: Medical imaging and monitoring OEM offering managed services and financing solutions to NHS Trusts, competing with Genmed in equipment lifecycle, MES and procurement outsourcing for diagnostic departments.
Emerging players
- Avensys: UK-based multi-vendor medical equipment service provider offering managed services and equipment maintenance to NHS and private healthcare; smaller but directly comparable to Genmed's vendor-neutral MES model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Genmed social profiles
Digital presenceGenmed compliance and trust
Trust signalCompliance3 records
Genmed financial estimates
Financial estimateRevenue estimate
Valuation estimate
Genmed leadership team
Management profileNumber of profiles
Profiles7 records
Genmed subsidiaries and ownership
Company hierarchySubsidiaries4 records
Genmed funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Genmed M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Genmed
What does Genmed do?
Genmed provides vendor-neutral managed service contracts (MSCs) and managed equipment services (MES) to NHS Trusts, Health Boards, and private healthcare organisations. Its services cover procurement, supply chain coordination, consumables sourcing, equipment provision and maintenance, purchase-to-pay administration, inventory control (including Scan4Safety/hTrak barcode systems), and HMRC-compliant VAT recovery — shifting client costs from CAPEX to OPEX while reducing the administrative burden on clinical staff.
Is Genmed a public or private company?
Genmed is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Genmed founded?
Genmed was founded in 2007. It employs 11 to 50 people.
Where is Genmed based?
Genmed is headquartered in Wales, United Kingdom, in the Europe region.
How does Genmed make money?
Four revenue lines are on record. Managed Service Contracts (MSC) is the primary driver. The others are managed Equipment Services (MES), procurement Services and VAT Recovery Facilitation.
Who are Genmed's main competitors?
Broad incumbents on record are Crown Commercial Service, Sodexo Healthcare and Baxter International. Direct peers are Siemens Healthineers, Olympus Medical, Philips Healthcare, HealthTrust Europe, NHS Supply Chain (SCCL) and GE HealthCare. Avensys is listed as an emerging player.
Does Genmed have an API?
No public API is recorded for Genmed.