Pihlajalinna, the recently listed Finnish healthcare to care chain, has bought Itä-Suomen Lääkärikeskus which owns six clinics across several towns in Eastern Finland. Pihlajalinna says the €6.8m is a net debt-free acquisition sum. The company will be added to Pihlajalinna's Dextra chain of clinics in the first quarter of 2016.
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SPS builds Swiss nursing home arm
Swiss real estate group Swiss Prime Site (SPS) is buying nursing home operator Senior Care from property and hotel operator Boas-Yakhin, in French-speaking Switzerland, for an undisclosed amount. That allows Tertianum Group, SPS’s operating arm in the assisted living sector that claims to be the largest Swiss elderly care provider by revenue, to expand its network nationally.
December 18, 2015
Confinimmo spends €60m in Germany and the Netherlands
Belgian REIT Cofinimmo, which owns a portfolio worth over €3.3bn, has bought several medical offices in the Netherlands for €29.5m with yields ranging between 7% and 8.3%. Earlier this week, it also acquired the Kaiser Karl rehabilitation clinic in Bonn, Germany for €30m as well, to be rented to 800-bed German operator Eifelhöhen-Klinik AG under a 25-year double net lease, for an initial yield of 7.32%.
December 18, 2015
Meinian turns up the heat on iKang
Chinese healthcare outpatient clinic group Meinian Onehealth Healthcare has increased its offer to rival iKang, which aims to delist from NASDAQ, to US$23.50 per American Depositary Share (ADS). This comes two weeks after iKang adopted a poison pill in response to Meinian's original counter-bid to take the group private, giving the right to its shareholders to buy more shares if Meinian manages to acquire a stake.
December 17, 2015
French supplementary insurance groups move into services
With hospital fees up 220% in ten years, French supplementary insurance groups are moving into specialties that see large amounts of private expenditure, such as ophthalmology and dentistry. One platform, Santéclair, which covers 10m people, is launching its orthopaedics network in January 2016 –introducing bundle payments and no excess costs for patients.
December 9, 2015
Poland’s largest pharma distributor pushes into outpatient sector
Warsaw-listed Neuca Group claims to be Poland’s first wholesale pharmaceutical distributor. It has created a large network of subsidiaries looking at the healthcare market. One of them, Neuca Med, aims to create one of the largest networks of clinics in the country and just acquired Medic Klinika, a chain of outpatient centres.
December 9, 2015
Measuring quality outcomes: the next frontier for competition?
Private health and care would be transformed if quality could be measured accurately in a way that patients could really understand. If measured, quality would then soar. And the sterile European private versus public debate would fade out as payers focused on quality outcomes and patient choice.
November 30, 2015
Report: Reforming healthcare – trends and trajectories
European countries are undergoing rapid and substantial demographic and technological changes. Yet, healthcare systems are still mainly state-funded and acute-focused, as they have been for the past 70 years. This is starting to change.
November 4, 2015
Lux Med buys diagnostics specialist Euro-Clinic
Bupa-owned Polish provider and insurer Lux Med buys Euro-Clinic. Based in Krakow, Euro-Clinic’s diagnostic laboratories will allow Lux Med to further integrate its service offering.
October 30, 2015
Mediclinic has launched what is likely to be a knock out bid at £11.60 a share for Al Noor
The deal which values UAE hospital group Al Noor at nearly £1.3bn, has won "irrevocable undertakings" from the two largest shareholders - Sheikh Mohammed Bin Butti Al-Hamed and Dr Kassem Alom, who together hold 34.3% of the shares. Mediclinic shareholders, holding 42.6% of the shares, have also pledged to accept the deal.
October 15, 2015
Correction: Winner of Belarus PPP contract undecided
Healthcare Europa mistakenly reported last week that InterHealth Canada has been appointed to run the PPP in Grodno, Belarus. We have now been told by Interhealth that this is not the case. There is no information on which company was awarded the contract at this stage.
October 2, 2015
Abraaj’s Global Healthcare Fund may miss $1bn target
Abraaj has raised $250m for its Global Healthcare Fund, but should make it to $400m, according to investor sources. A second close is likely at $750m but Abraaj is unlikely to hit the $1bn target it had planned in 2014.
