Genmed

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

Headquarters

HQ city

Cwmbran

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• LG Energy Group (LGE)coreStrategic or Co-development Partner · 8 June 2022Genmed 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.
• OlympuscoreTechnology or IntegrationOlympus 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)coreChannel Partner/ Reseller/ DistributorGenmed 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

Broad 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

• LinkedInlinkedin.com/company/genmed.me-ltd.
• Xx.com/genmedservices

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Genmed