The man who helped turn Al Noor into a US$1bn company is building what he claims is the first major value healthcare platform in the UAE focused on serving the working class. Healthcare Nova chats to Abhishek Sharma, CEO of Foundation Holdings which has just launched Right Health with a view to IPO by 2021.
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New law could pave the way for consolidation in French primary care
A new law allowing the management of primary care centres in France by for-profit enterprises for the first time could open the door to them also being run for profit - but campaigners in France are vehemently objecting.
February 5, 2018
Turkish hospital IPO priced
Medical Park Group, Turkey’s largest private hospital chain by bed count, has priced its IPO suggesting a valuation of the company of between €900m and €1.3bn. Another national hospital group has reportedly decided to postpone its own IPO to avoid a clash.
January 31, 2018
Mexican maternity chain targets affordable market by ditching hotelier model
Healthcare Nova speaks to an operator who says he is providing affordable maternity and OBGYN services in Mexico by ditching the hotelier model, and drawing inspiration from other emerging market providers. Juan Moctezuma is co-founder and CEO of Reina Madre Hospital in Toluca, which has been included in Duke University's Global Health Institute Innovations in Healthcare 2018 cohort.
January 29, 2018
Abraaj to IPO North African hospitals in London or New York: what’s on offer?
Abraaj recently revealed plans to sell its North Africa hospitals business, either in an IPO on the London or New York stock exchanges or through a private sale. We talk to our contacts in the region and look at what kind of valuation it could get.
January 27, 2018
Chinese pharma giant-owned hospital group consolidates in Portugal
Listed Portuguese hospital operator Luz Saude, majority-owned by Chinese pharma giant Fosun, has acquired the largest private hospital in the Portuguese city of Coimbra.
January 25, 2018
NMC Health acquires UAE’s largest cosmetic surgery provider
London-listed NMC Health has acquired cosmetic care provider CosmeSurge from UAE competitor Emirates Healthcare Group, a company it has common shareholding with. Healthcare Nova speaks to NMC and our contacts in the UAE about a deal we saw coming months ago.
January 24, 2018
US health group enters strategic partnerships in three new emerging markets
Sanford Health, a large non-profit US rural health group, has invested in healthcare providers in Costa Rica, Vietnam and South Africa, and is expanding its Ghanaian and Chinese ventures. We spoke exclusively ahead of public announcement to Dan Blue, VP of Sanford World Clinics, who says more will follow.
January 23, 2018
US-based rural healthcare giant enters into collaboration with Irish private hospital
Sanford Health, a non-profit US rural health group with US$4.2bn in revenue, has entered into a research collaboration with Hermitage Medical Clinic. We talk to the EVP of Sanford World Clinics about this deal, and the continued work with its other recently-acquired European asset.
January 23, 2018
Private equity firm wins auction of struggling Greek diagnostics group’s debt
A private equity firm has won the rights to buy the majority of listed diagnostics group Euromedica's debt for an 80% discount and should close the transaction by the end of January. But rumours abound as to where the money will come from.
January 21, 2018
Turkish hospital IPO edges forward
One of Turkey's biggest hospital groups has started marketing its IPO to investors with an intention-to-float document release. Private equity owners Turkven will float nearly half of Medical Park Group in a listing set for the first half of 2018. We talk to contacts in Turkey.
January 19, 2018
Paracelsus closing hospital after it fails to find a buyer
The Karlsruhe-Durlach acute care clinic of German hospital and rehab group Paracelsus will close at the end of February after negotiations with buyers ground to a halt. We hear that the big hospital groups have been circling around the company's highly profitable rehab units, while it wants to get rid of its loss-making hospitals.
