Everyone is familiar with the idea of a retirement village, but they are relative newcomers in any form to Europe and the common perception first popularised in 1950s America is out-dated. Then retirement meant receiving the proverbial gold watch at 65 and moving somewhere cheaper, joining a like-minded community with a golf course, often somewhere with better weather. Some developments became towns in their own right. Arizona’s Sun City has 62,000 residents. Today over 5% of those 65+ live in dedicated retirement communities.
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Bupa growth strongest in emerging markets
The global healthcare group Bupa, experienced rapid growth in markets as diverse as Saudi Arabia, Hong Kong and Chile. It continues to make acquisitions across emerging markets, as well as launching new healthcare insurance products and distribution agreements. Global sales rose 7% to £4,916m from the first half of 2014, at constant exchange rates (CER), or 3% taken at actual exchange rates (AER). Underlying profit before taxation hit £253.3m, an increase of 2% at CER, or a fall of 3% at AER. In a wide-ranging interview, CEO Stuart Fletcher, spoke to Healthcare Nova about the results and Bupa’s future plans.
August 7, 2015
FREE BLOG What can we learn from Bupa’s results?
Taking a closer look at the strange and complex beast that is Bupa, may be intimidating, but it’s always worthwhile. With sales of almost £10bn a year, Bupa is larger than almost half the FTSE 100. In the siloed and slow-moving world of healthcare services, the results of this leviathan, present an opportunity to compare the performance of one company across countries, continents, sectors and sub-sectors.
August 7, 2015
Chinese investment firm buys Israeli telemedicine group
Shanghai Jiuchuan Investment, a Chinese investment firm specialising in medtech, bought SHL Telemedicine for $120m.
August 7, 2015
UK care industry in “serious position,” says Bupa CEO
The CEO of Bupa, Stuart Fletcher, spoke of his concern for the UK care industry, after the latest half-year results revealed 10% fall in UK profits, despite a 7% rise in global revenue at constant exchange rates. Half year sales to 30 June, 2015 came to £4,916m, up 7% on the first half of 2014. Taken at actual exchange rates, sales increased by 3%.
August 7, 2015
UK care industry in “serious position,” says Bupa CEO
The CEO of Bupa, Stuart Fletcher, spoke of his concern for the UK care industry, after the latest half-year results revealed a 10% fall in UK profits. Sales rose 7% to £4,916m, at constant exchange rates, or 3% taken at actual exchange rates. Underlying profit before taxation hit £253.3m, an increase of 2% at constant exchange rates (CER), but a fall of 3% taken at actual exchange rates (AER).
August 7, 2015
Five bidders left for Bratislava hospital
With GNP and Sanigest out, only five companies remain in a bid to build and operate a 880-bed hospital in Bratislava.
July 8, 2015
French private hospitals to sue public funding bodies
The association Fédération de l’Hospitalisation Privée (FHP-MCO) is encouraging private hospitals to sue France’s local public funding bodies, the Agences Régionales de Santé (ARSs), for their bias toward public hospitals in the allocation of funds. The approach seems to be working.
July 6, 2015
Hesira aims for Swiss consolidation
Pan-European dentistry chain, Hesira, is to buy Cliniques Dentaires de Genève (CDG), a Swiss high-end dentistry group of three clinics, through its existing Adent chain of 9 outlets, also in French-speaking Switzerland.
July 6, 2015
Report: Outpatient services – a panacea for private hospitals?
Across Europe hospital groups have been moving into outpatient. In Germany Helios and Rhoen have attempted to build specialist doctor and family doctor centres, buying licences from existing practitioners. The same move can be seen in France, Portugal, Italy and Switzerland.
July 1, 2015
San Donato expands to Dubai
Italian hospital chain San Donato is expanding to Dubai, says the group's president Paolo Rotelli.
June 24, 2015
Turkey’s hospital PPP programme will fail
Turkey’s massive PPP schemes for new hospitals, worth over €10bn, are already behind schedule. We talk to experts who reckon they could take a further 10-15 years to get off the ground. There is a strong chance that it will fail completely.
