Regent Assay were lead financial advisers to University Hospital Birmingham NHS Foundation Trust on the formation of a new HR and payroll business. UHB, which runs the Queen Elizabeth and Selly Oak hospitals, treats over half a million patients per annum and employs more than 6,500 people in the Midlands. Its existing payroll function currently serves 10% of NHS employees across the UK.

This public/ private partnership with Xchanging is intending to use UHB’s existing platform to develop a market leading HR and payroll business across the NHS. Xchanging is one of the world’s leading business processing services companies.