Click here to see your Deals+Insights July 2025 edition. July’s edition includes coverage of several major on-going healthcare M&A deals: Spanish fertility chain IVI RMA’s acquisition of UAE-based Art Fertility Clinics, Indian hospital chain Manipal Hospitals’ acquisition of regional competitor Sahyadri, the sale of consumer genetics company 23andMe, and the merger of Assura and PHP, […]
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Swedish healthcare AI start-up Tandem Health raises $50m Series A
Tandem Health, a Stockholm-based start-up that provides AI-based tools to clinicians to reduce admin workload, has raised a $50 million Series A to fund its expansion.
July 3, 2025
FREE BLOG Standout themes from HBI’s Asia report
We’re about to release a Special Report on healthcare investment in Asia. The report offers a comprehensive overview of the dynamics, trends and opportunities in the healthcare markets of eight hugely important countries in the region: China, India, South Korea, Thailand, Vietnam, Indonesia, Malaysia and the Philippines.
July 3, 2025
Assura switches to favouring PHP merger over KKR buy-out
UK healthcare real estate investor Assura has changed its mind between the two suitors vying to acquire it. The REIT’s board is now recommending its shareholders accept a sweetened £1.79 billion (~€2.1 billion) offer from Primary Healthcare Properties (PHP), its main competitor as the only other UK healthcare REIT focused on primary care assets. This comes just two weeks after it said it was accepting a ‘final’ £1.7 billion (~€2 billion) cash offer from US PE firms KKR and Stonepeak.
June 26, 2025
Australian Health Minister eases off insurers after benefits ratio increase
Australian Health Minister Mark Butler has decided to hold off on pursuing action against private health insurers after seeing evidence that they have responded to the order he gave three months ago to increase payments to private hospitals.
June 25, 2025
EU bans Chinese med tech companies from public tenders, but private hospitals still allowed to buy from China
The EU Commission is banning EU member state governments from purchasing medical devices from Chinese companies. The ban applies to all public procurement contracts worth more than €5 million, but does not apply to private hospitals.
June 20, 2025
FREE BLOG The era of near-zero interest rates may not be over, but PE shouldn’t celebrate this
Today the Bank of England decided to keep its policy interest rate held at 4.25%, but hinted it would reduce it further in August (it’s been cut four times over the past year, from its peak of 5.25%). Over on the continent, where inflation is lower, the European Central Bank recently cut its main rate to 2%, whilst Switzerland, which saw deflation of 0.1% in May, has cut its rate to zero. The US Federal Reserve is keeping its rate held at 4.4%, in the face of uncertainty over how much tariffs will push up inflation.
June 19, 2025
Omega confirms it acquired 45 Four Seasons care homes
US healthcare REIT Omega Healthcare Investors has confirmed it was the acquirer of 45 of the final batch of 47 UK care homes that were sold earlier this year in the final stage of the years-long liquidation of Four Seasons, formerly the UK’s largest for-profit elderly care group.
June 19, 2025
FREE BLOG Where will AI have the biggest impact in healthcare?
This week I attended London Tech Week. The entire Tuesday schedule for the ‘Impact Stage’ (one of seven stages at the three-day event) was dedicated to sessions on technological innovation in healthcare, and featured some interesting discussions.
June 12, 2025
Clariane completes asset disposal program with €345m sale of Petits-fils home care subsidiary
Listed pan-European French elderly care group Clariane is selling Petits-fils, a home care subsidiary, to French bank Crédit Agricole Santé & Territoires, for €345 million. The sale marks the completion of Clariane’s €1 billion asset disposal program which it launched in November 2023 to shore up its finances.
June 12, 2025
Assura once again rejects PHP in favour of ‘final’ KKR/Stonepeak £1.7bn cash offer
Listed UK healthcare REIT Assura has made a decision between the two parties vying to acquire it: the REIT’s board has agreed to a ‘best and final’ increased cash offer from US PE firms KKR and Stonepeak, which it says it intends to unanimously recommend to shareholders. Primary Healthcare Properties (PHP), Assura's main competitor as the only other UK REIT with a significant primary care portfolio, has responded by sweetening its offer and urging the board to reconsider.
June 12, 2025
Bupa Hong Kong expands into mainland China with hospital partnerships
The Hong Kong division of multinational private health insurer and provider Bupa is expanding its direct settlement scheme into mainland China by partnering with four Chinese private hospital groups that operate in the Guangdong–Hong Kong–Macao Greater Bay Area. The move comes after Bupa Group withdrew from the country in 2023, and after the Chinese government decided to open up certain regions to foreign healthcare investment in 2024.
