Aedifica and Cofinimmo, two of Europe’s largest listed healthcare REITs, look set to merge. The boards of both companies have reached an agreement over terms for a share swap, which will now be put to shareholders. HBI spoke to Aedifica’s Chief Investment Officer, Charles-Antoine van Aelst, and Cofinimmo’s Head of External Communications, Philippe Etienne, to understand the motivations behind a deal that, if completed, will create Europe’s largest specialist healthcare real estate investor with ~€11 billion healthcare assets under management.
Archives
Ribera Salud’s President and CEO both sacked by parent Vivalto Santé due to differing strategic visions
Alberto de Rosa, President and founder of Ribera Salud, one of Spain’s largest private hospital groups, has been given the sack by the company’s majority shareholder, French hospital group Vivalto Santé, because of disagreements over strategy. Elisa Tarazona, CEO, has also been booted out.
June 2, 2025
Spire slashing 400 hospital jobs to increase efficiency and flexibility
Spire, the UK’s largest for-profit hospital group, plans to hand out redundancy packages to about 400 of its ~14,000 employees (~2.5%) as part of an initiative to create operational efficiencies and have a higher proportion of bank (i.e. part-time) workers. The jobs being cut include clinical as well as admin staff, but the group says there will be no reduction in patient-facing clinical hours.
May 29, 2025
In-receivorship Healthscope receives 10 non-binding offers
Healthscope, Australia’s second largest private hospital group, has received 10 non-binding indicative takeover offers, according to its CEO. This comes after the group’s US private equity owner Brookfield handed over control of the business to creditors after failing to resolve its financial issues.
May 29, 2025
Keys Group buys ADHD 360
Keys Group, a UK provider of child and adult education and care services, has acquired ADHD 360, one of the UK’s largest private providers of services for people with ADHD.
May 22, 2025
PHP attempts to outbid KKR for Assura
Primary Healthcare Properties (PHP), a listed UK REIT focused on the primary care sector, has upped its bid for Assura, its main competitor as the only other REIT with a significant portfolio of UK GP practices. US PE firms KKR and Stonepeak have meanwhile reiterated their joint offer for Assura, saying PHP’s would be more risky. Assura has delayed its planned shareholder vote on the KKR/Stonepeak offer to properly consider the new PHP offer.
May 22, 2025
Brookfield hands control of Healthscope to creditors whilst Ramsay hints interest
Private equity firm Brookfield Business Partners is handing control of its financially troubled Australian hospital asset Healthscope to creditors, in a move not far off a (de facto) bankruptcy process. Meanwhile Healthscope’s main competitor in the Aussie hospital market, Ramsay Health Care, has hinted it might be interested in acquiring the group.
May 15, 2025
Cofinimmo rejects Aedifica takeover offer but suggests it would accept a higher one
The merger of two of Europe’s largest listed healthcare REITs, Aedifica and Cofinimmo, to create a giant pan-European healthcare REIT with ~€11 billion healthcare assets under management (AUM), may still be on the table. Cofinimmo's board unanimously rejected Aedifica’s offer for the REIT but has suggested it would accept a higher offer.
May 13, 2025
HBI Deals+Insights briefing May 2025: Intelligence members
Click here to download your April/May double edition of Deals & Insights. In May’s double issue we look at the return of M&A in European healthcare services as explained by Hedley Goldberg of Rothschild & Co at HBI 2025, Humanitas Medical Care’s plans to “revolutionise” healthcare, how Spanish and Portuguese groups show us the future […]
May 10, 2025
HBI Deals+Insights briefing May 2025: Deals+Insights members
Click here to download your April/May double edition of Deals & Insights. In May’s double issue we look at the return of M&A in European healthcare services as explained by Hedley Goldberg of Rothschild & Co at HBI 2025, Humanitas Medical Care’s plans to “revolutionise” healthcare, how Spanish and Portuguese groups show us the future […]
May 10, 2025
New Swedish joint venture to build 40 new care homes worth €700 million
Nrep, the real estate investment branch of European private equity firm Urban Partners, has formed a strategic partnership with Sehlhall Fastigheter, a care home property developer, to build 40 new care homes across Sweden.
May 8, 2025
PAI-backed VAMED care acquires Paracelsus rehab clinics creating Germany’s second largest rehab player
VAMED care, a German rehab group owned by French private equity firm PAI Partners, has acquired the rehab clinics of Paracelsus, another German provider. The intention is to fully combine the groups and create a new major German rehab brand with a care network of 50 facilities.
