We talk to our contacts in South Africa about what the new president and today's mid-term budget mean for the private health sector. Two measures were singled out in discussions, while the new incumbent has surprised onlookers by signalling that the much-discussed national health insurance bill will be put to parliament in the next few weeks.
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IVF/lab group sells stake to Oaktree; buys in Italy, Spain and Switzerland
NL Holding has sold a 30% stake to Oaktree Capital, while simultaneously acquiring fertility providers and specialised diagnostic laboratories in Switzerland, Italy and Spain. This coincides with Oaktree offloading its pan-European dentistry platform. We take a more detailed look at what NL has bought.
February 20, 2018
Air Liquide healthcare revenue growth slows
Gases giant Air Liquide's healthcare segment grew 9.3% in 2017, not matching the previous year's growth. Growth was higher in the Americas than in Europe and earnings-per-share saw a double-digit increase.
February 19, 2018
Imaging investor buys in Switzerland
German and Swiss imaging investor RAD-x has acquired an outpatient diagnostic imaging group active in three Swiss cantons. We talk to RAD-x's CEO, and Affidea's former CEO, about the deal and prospects for consolidation in the sector in Switzerland, Germany and France.
February 18, 2018
Indian hospital plans growth with help from UK government
UK government private equity arm CDC has invested US$21m in Asian Institute of Medical Sciences in a growth round of fundraising. The group will put the cash towards more than doubling its bed count. We talk to chairman and managing director Dr N.K Pandey.
February 15, 2018
Saudi group turning hotel into hospital in Egypt
GCC operator Elaj Group has reportedly paid US$10m for an unused luxury hospital in Egypt with a view to turning it into a multi-speciality hospital. We talk to a hospital design consultant who has done this in India and claims its 25% cheaper than a new build.
February 15, 2018
German hospital giant “buying Med 360”
We hear that the race to buy the German imaging group Med 360 has been won by the country's third-largest hospital group.
February 13, 2018
Turkish hospital lands on stock market with a low multiple
Turkish hospital chain Medical Park Group has completed its IPO raising €294m for 36% of the €840m valued company. The EBITDA multiple is a far cry from previous healthcare transactions in Turkey, but a source tells Healthcare Europa it's a fair one.
February 12, 2018
Bulgarian fertility and oncology gets government boost
The Bulgarian government is funding additional fertility and oncology services provided by private providers.
February 12, 2018
French postal service expanding into medicalised homecare
French state-owned postal services giant La Poste has increasingly been moving into healthcare with the acquisition of France's fifth largest medicalised homecare provider and more recently a medical adherence app. We speak to a consultant who has covered French healthcare for decades, about the acquisition and the wider market.
February 12, 2018
Aster DM to IPO with US$1.5bn valuation
GCC and Indian healthcare group Aster DM is finally set to IPO on February 12-16 and is seeking to raise US$150m for a valuation of US$1.5bn - figures 50% and 40% lower than when it filed two years ago.
February 7, 2018
FREE BLOG The problem with investing in emerging markets
Private equity group Abraaj has been cleared of misappropriating funds from its US$1bn Abraaj Growth Markets Health Fund by the outside accountants hired by its investors following reports money had been mishandled. The saga highlights the difficulties and delays in deploying capital in emerging markets.
