London stock exchange-quoted healthcare group Abu Dhabi-based Al Noor Hospitals has bought rehabilitation group Rochester Wellness, which provides homecare in the Dubai region, as well as impatient services in Dubai and Muscat.
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French telehealth group SeniorAdom to partner with large elderly care players
Having product-launched in January 2015, French telehealth group SeniorAdom just raised a new financing round from several investors. OMNES Capital, who led the financing round, says SeniorAdom will partner with key elderly care players, such as large nursing home groups, or health insurance companies.
September 18, 2015
Liberals and Social Democrats agree to reform Stockholm’s healthcare provision
Stockholm has come up with new healthcare pricing, which will still allow competition and private provision, but ensure better coverage in poor areas. The measure saw social democrats and liberals working together. That is a good sign for a private sector which has faced a nasty ideological rift in recent years.
September 18, 2015
New Czech not-for-profit network “day light robbery” claims providers
The socialist Czech government is planning to create a not-for-profit hospital network, including specialty facilities, by the end of 2016. The plan involves turning some public providers into not-for-profits and merging others.
September 18, 2015
synlab set to enter Greece?
After buying Cypriot group Medilab in February 2015, there are rumours synlab is to enter the Greek market. The move, frozen after the January elections, has been planned for some time and could materialise soon. Who are the targets for acquisition?
September 18, 2015
Major renal dialysis joint venture to open in China
US-based DaVita Kidney Care is entering a JV with the president of China’s only dialysis private hospital, Shunling Renal Hospital, in Jinan, Shandong.
September 11, 2015
Italian care home chain Eukedos starts external growth phase
Eukedos's president, Carlo Iuculano, says he might merge quoted care home group Eukedos where he holds a majority stake with the larger La Villa chain, which he also controls. This would create a group with 38 nursing homes and 3,200 beds, the third largest after Korian and Kos.
September 11, 2015
Kenya adopts biometric identity as it rolls out universal health cover
Kenya is following Ghana in adopting a biometric fraud system offered by Genkey, a biometric identity management, through the National Health Insurance Fund (NHIF). The country’s president, Uhuru Kenyatta, pledged 25m Kenyans would be covered by the end of 2015. But how effective is biometric identity in stopping healthcare fraud?
September 11, 2015
Ardian to sell 47% stake in Kos for at least €235m
Private equity house Ardian is to sell its 47% stake in Italian care group KOS. The likely buyer is CIR, the conglomerate which holds a majority stake in KOS, although many private equity houses are also interested in the stake which has almost certainly got “drag along rights”. Those would enable any buyer to force CIR to sell if a bidder came along for the entirety of KOS.
September 11, 2015
Al Noor enters $272m expansion phase through long-term leases as profits fall slightly
Emirati hospital chain Al Noor is to expand its Al Ain Hospital, Khalifa Street Hospital and Airport Road Hospital after agreeing to long-term leases with landlord Al Saqr Property Management. Worth $272m (Dh1bn), the deal allows Al Noor to strengthen its presence in its core Abu Dhabi market.
August 24, 2015
Report: Reforming China’s hospital sector
Between 2009 and 2014, the Chinese government spent over $370bn on healthcare, three times the $124bn initially planned. It is now drafting a new set of reforms in its new five-year road map to 2020, by which time total healthcare spending is expected to reach $1 trillion according to McKinsey.
August 21, 2015
FREE BLOG Luddism, outcome measures and healthcare
Luddism comes in many forms. Even a well versed and articulate argument put forward by medical professionals to stop people filling in a survey. You might say an analogy between modern-day brain surgeons and Victorian textile workers, is pushing it, but the results are the same. Social and economic progress is stymied by a narrow interest group resisting technological or procedural change, and that is precisely what the resistance to tranparency and performance measurement in healthcare represents.
