As forecast here, Eurofins Scientific is to enter the European medical diagnostic lab sector with the acquisition of Bio-Access. But the deal has little rationale, unless Eurofins also buys French reference lab Biomnis.
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MediPôle Partenaires aims for regional consolidation, as small operators struggle to survive tariff cuts
MediPôle Partenaires, France’s second largest private healthcare provider, just acquired the small multispecialty hospital Polyclinique de l'Ormeau. Despite anti-private measures and a 2.5% tariff decrease this year, Benoît Chastaing, head of M&A and IR at MediPôle Partenaires, says the group has enough leverage to survive the cuts, but not indefinitely.
June 19, 2015
Apax enters race for Synlab
Rothschild and BC Partners have infuriated private equity bidders for Synlabs by allowing Apax-owned Unilabs to enter the bidding for the Pan-European lab group.
June 19, 2015
FREE BLOG Who really makes money out of labs?
Blaise Mentha, Jean-Louis Oger, Eric Souetre - it is striking how charismatic entrepreneurs serially trouser millions from diagnostic labs. It is much harder for private equity to make money from lab groups. Why? And does the same hold true for other healthcare sectors?
June 19, 2015
Report: Spain: Europe’s fertility playground
In Spain, the fertility market is booming as patients from near and far flock to clinics and fork out cash for a chance at happiness. Clinica Tambre, a medium sized private clinic in the centre of Madrid, claims that 40% of its patients come from nearby France and Italy for treatment. The driving force behind this is egg cell donation.
June 19, 2015
Deal makes Sonic number one in Switzerland
Sonic Healthcare has bought Medisupport, a chain of labs across 10 swiss cities in a move which probably makes it the largest player in the country.
June 19, 2015
Brazil’s largest homecare group Dal Ben to increase volumes with HMOs
Dal Ben, which claims to be Brazil’s largest homecare company, aims to diversify its client base through partnerships with Health Maintenance Organisations (HMOs), as well as expanding into nursing homes and acute hospitals. We speak to Marcelo Fonseca, board member of Dal Ben, about the future of homecare in Brazil.
June 16, 2015
Hassab Labs looks to catch up with IDH
Egypt’s third largest lab group, Hassab Labs, is targeting North Africa as it ramps up its expansion plans. CEO Mohamed Azab says a partnership with the pan-African, Saham Insurance, will provide opportunities there and across the rest of the continent. But is it too late?
June 16, 2015
NMC pays nearly $1.8m per bed for ProVita
NMC Health, the UAE’s second largest hospital and outpatient group, has acquired ventilator-dependent, long-term care group ProVita for an enterprise value (EV) of $160.6m in cash. With ProVita currently only having 90 beds, this deal values each bed at close to $1.8m, emphasising the shortage and demand for long-term care in the region.
June 16, 2015
Interview: Pascal Vinet, director of global operations for healthcare at Air Liquide
Leading international supplier of healthcare gases and services, Air Liquide has recently expanded its hygiene division to the Asia-Pacific region. We speak to Pascal Vinet, director of global operations for healthcare, about the group’s strategy.
June 16, 2015
India’s fifth largest hospital group for sale?
We hear that Advent International is looking to offload its 72% stake in Care Hospitals, India’s fifth largest hospital group.
June 16, 2015
Singapore private equity firm Quadria Capital raises $304m fund for Asian healthcare investments
Singapore-based private equity firm Quadria Capital has raised $304m toward healthcare investments in South East and South Asia. Abrar Mir, managing partner at Quadria Capital, explains why the region is so attractive to investors.
