Shareholders in Babylon, which was worth $4.2bn at listing in October 2021, face being wiped out as it reverts to private ownership as creditor Albacore takes over. CEO and founder Ali Parsa, whose remuneration totalled $7.1m in 2022, is likely to stay on, says a legal expert who says the group could face legal action.
Archives
Sales rumours make Fresenius’ future clearer
Germany-based health care conglomerate Fresenius’ plans for its future are becoming clearer as rumours of subsidiary sales come to the fore.
May 12, 2023
Finnish outsourcing opportunities slow to materialise
The SOTE reform to the Finnish health care system has been in place since January 1, 2023, but additional outsourcing opportunities have been slow to materialise. Operators are nonetheless convinced they are on the way.
May 10, 2023
FREE BLOG Why there is no quick fix for German healthcare
At times, it can feel like healthcare reform moves at the pace of an oil tanker, and currently, nowhere is this more true than in Germany. Among the issues holding the EU5 market back are an allergy to digitalisation, an inability to make unpopular decisions, and the rigidity of roles in the medical profession.
May 5, 2023
Finnish healthcare looks strong despite big groups’ mixed results
On first glance the Q1 reports for Finnish groups Pihlajalinna and Terveystalo present a mixed look at the state of the for-profit market in Finland – but this couldn’t be further from the truth.
May 5, 2023
Inflexibility and data protection holding Germany back
Role rigidity in German hospitals and data protection laws are holding Germany back, according to a professor at a university hospital. HBI speaks to a workforce expert to find out more.
May 5, 2023
More strikes on the way in Finland and Croatia
As the global health care workforce crisis shows no signs of slowing, HBI looks at what is happening in Finland and Croatia, where industrial action is underway.
May 5, 2023
German hospital reforms “breach constitution” – but some hospitals will close
German health minister Karl Lauterbach’s controversial hospital reforms have hit another bump in the road, with a new 144 page legal report stating the proposals are outside of the federal government's jurisdiction - and against the constitution.
April 28, 2023
Spanish PMI boost as government tries workforce fix
Continued inefficiencies in the Spanish NHS continue to drive an increased uptake in private medical insurance (PMI), as the government tries to patch up an under par public workforce.
April 28, 2023
HBI Deals+Insights briefing June 2023: Deals+Insights members
Click here to see your Deals+Insights June 2023 In June’s edition we take a first look at Orpea’s restructuring plans, consider what legal challenges could mean for Germany’s hospital reforms and the Dutch competition authority, and hear digital health firm Babylon will be taken private by its creditors. Major M&A stories include prospective sales of […]
April 27, 2023
HBI Deals+Insights briefing May 2023: Deals+Insights members
Click here to see your Deals+Insights May 2023 In May's edition we look at the likelihood of a resurgence of M&A deals, consider whether PE should shift its focus from consolidation to boosting efficiency, and look at the prospects of increased outsourcing in the UK. Major deals covered include Mubadala-backed M42's reported $2bn+ purchase of […]
April 26, 2023
Despite oversupply, SHI in Germany outpaces PMI
It's not surprising in a country with an oversupply of healthcare that private medical insurance (PMI) expenditure is low. What may be surprising is despite this oversupply, statutory insurance expenditure is still growing at a faster rate than PMI.
