Private equity house Trilantic Europe is investing €66m for a minority stake in Italian rehabilitation centre Fondazione Salvatore Maugeri. Vittorio Pignatti Morano, chairman of Trilantic Europe, tells Healthcare Europa how the group intends to expand through private sector acquisitions and partnerships with the public sector.
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Policlinico di Monza strengthens its presence in Romania
Three years and a half after opening a 140-bed cardiology hospital in Bucharest for €40m, Italian operator Policlinico di Manza wants to expand in other cities in Romania through a network of clinics. It aims to become one of the top three players in the next five years.
March 2, 2016
Cambian share price hits record low
UK-based specialist mental health services provider Cambian has issued its second profit warning in four months, leading shares to fall nearly 50% to 66p. The share price had already collapsed over 50% to 128p after the first profit warning in October 2015. So the group has seen its share price plummet 71% in total since its IPO in April 2014. Cambian's finance director left after the first profit warning.
February 22, 2016
FREE BLOG East Africa – plenty of opportunity
Until recently, East Africa was too poor to attract substantial foreign interest apart from donor funding. There are just too many opportunities elsewhere for global healthcare players. But this is changing.
February 11, 2016
Singaporean Q&M Dental buys Lee & Lee Dental Surgeons for US$7m (S$10m)
Singaporean dentistry chain Q&M Dental is to buy Lee & Lee Dental Surgeons, a high-end practice also in Singapore, for US$7m (S$10m).
February 1, 2016
Report: Colombia – Tax free zones, HMOs and a friendly government
Few countries offer such exciting opportunities for private healthcare as Colombia. The government has set up a series of tax-free medical tourism hubs for Central America, the Caribbean, Venezuela and Peru. Meanwhile the mandatory insurance system which covers 97% of the 48m population is creaking and big payor/providers could be sold to private investors. Colombia's amalgamation of public, private and not-for-profit insurers and operators faces a severe crisis. Small wonder private equity houses such as Tribeca, SEAF Colombia and Advent International are eyeing the sector.
February 1, 2016
Rival Filipino conglomerates Ayala Corp. and MPIC pour millions into healthcare
Ayala Corp., one of the largest conglomerates in the Philippines, is to launch a network of 100 outpatient clinics in the next three years. Called FamilyDoc, these facilities will contain a pharmacy as well as diagnostics and lab units – even a shop, aiming to cater for the primary care needs of a growing middle class. And it is not the only one looking into healthcare.
February 1, 2016
Waiting game in the German rehab market
The rehabilitation market in Germany is consolidating. Median bought four clinics from Lielje Group in December 2015 and Orpea acquired Celenus Kliniken, the third largest provider in the country, in May 2015. But it is unlikely new players will enter the market, for now, says Nikolaos Tavridis, CEO of Axion Consult.
January 28, 2016
The demise of not-for-profit providers in Italy
The Italian healthcare system is going under severe budgetary constraints. In light of the cuts, small not-for-profit operators, many of Catholic ownership, struggle to stay afloat and are selling off assets. Large for-profit players, like San Donato, Humanitas and Korian, are jumping on the opportunity.
January 21, 2016
Indonesian conglomerate Mayapada Group to build 17 hospitals
The hospitals division of Indonesian conglomerate Mayapada Group is to build 17 hospitals in large cities across the country. The project is worth an estimated US$360m and is in partnership with the National University Hospital Singapore.
January 21, 2016
Interview: Alex Alexander, managing director, Ciel Healthcare Africa
Ciel Healthcare, part of Mauritian investment group Ciel, has been making waves in recent months. After increasing its stake in Ugandan HMO’s International Medical Group (IMG) in July 2015, it has just bought part of Hygeia, Nigeria’s largest health provider. We speak to Ciel Healthcare Africa’s managing director, Alex Alexander.
January 21, 2016
Malaysian government fund makes two investments
Ekuinas, a private equity fund owned by the Malaysian government, invested in two third-party medical claims administrators (TPA) service providers for US$18m (RM80m).
