The UK’s competition authority (the CMA) has decided to allow the merger of Assura and Primary Healthcare Properties (PHP), the only two major UK healthcare REITs focused on primary care clinics, bringing the creation of a giant primary care REIT holding about £6 billion (~€7 billion) worth of property and about 20% of the UK’s primary care practices one step closer to realisation.
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Thermo Fisher buys clinical software company Clario for $9bn
Thermo Fisher, a US life sciences and clinical research company listed on the New York Stock Exchange, has acquired Clario, a US company that provides software for clinical trials, from private equity firms Nordic Capital and Astorg Partners, for around $9 billion.
October 30, 2025
Healthcare Activos spends €150m on seven facilities
Spain-based healthcare real estate investor Healthcare Activos has acquired seven facilities, two of which are newbuilds. This brings Activos’ total assets under management to €1.3 billion. HBI caught up with Alberto Fernandez, Co-CEO, to understand how these acquisitions fit in with the investor’s long term strategy.
October 30, 2025
Welltower spends £6.4bn buying UK’s largest care operator and property of second largest operator
US healthcare REIT Welltower has spent £6.4 billion (~€7.3 billion) buying up a significant chunk of the UK’s elderly care infrastructure. It has bought both the opco and propco of the largest group by revenue, Barchester, as well as the property assets of the second largest group, HC-One.
October 30, 2025
HBI Deals+Insights briefing November 2025: Intelligence members
Click here to download your Deals+Insights November 2025 edition. In November 2025’s issue we cover US REIT Welltower’s acquisition of the UK’s largest care home group, Barchester, and the property assets of the second largest group, HC-One. Other big M&A deals covered include Blackstone and TPG’s $18.3 billion acquisition of women’s health-focused med tech giant […]
October 29, 2025
HBI Deals+Insights briefing November 2025: Deals+Insights members
Click here to download your Deals+Insights November 2025 edition. In November 2025’s issue we cover US REIT Welltower’s acquisition of the UK’s largest care home group, Barchester, and the property assets of the second largest group, HC-One. Other big M&A deals covered include Blackstone and TPG’s $18.3 billion acquisition of women’s health-focused med tech giant […]
October 29, 2025
News in brief: Warburg Pincus to buy significant minority stake in €5.5bn French diagnostics company Sebia
US private equity firm Warbug Pincus is buying a significant minority stake of French in vitro diagnostics company Sebia. Full details haven’t been publicised, but the deal is reportedly for over 30% of the shares, and is reportedly valuing the business at ~€5.5 billion.
October 23, 2025
Bavarian Nordic board tries to push shareholders to accept Nordic Capital-led take-private
A consortium made up of two private equity firms, Nordic Capital and Permira, is trying to buy out Danish vaccine maker Bavarian Nordic and take it off the stock market. Bavarian Nordic’s board is keen for shareholders to accept, but not enough shareholders accepted the initial offer made in August. Nordic Capital and Permira have now made a sweetened offer, and lowered the percentage of shares that have to accept it in order for the offer to proceed from 75% to two thirds of the total.
October 23, 2025
Bupa acquires third London hospital
British multinational health insurer Bupa is buying King Edward VII’s Hospital, a 56-bed facility in the Harley Street area in London. This follows the recent acquisition of New Victoria Hospital, a 33-bed facility in Kingston Upon Thames. Both acquisitions are driven by Bupa’s strategic intent to keep 40% of referrals within its provider network. However, we hear Bupa may struggle to attract the consultants, and therefore enough patients, that would be required to achieve this.
October 23, 2025
Interview: Andrew Neville, Inflexion
Inflexion is a European mid-market private equity firm that invests in multiple healthcare sub sectors — medical devices, outsourced pharma services, specialty pharma products and animal health. In a conversation with HBI, Andrew Neville, Partner, explained what Inflexion is looking for in the businesses it invests in, and offers case studies of two companies currently in its portfolio.
October 17, 2025
Magnum Capital to buy Spanish dermatology chain Pedro Jaén
Magnum Capital, a Spanish private equity firm focused on the Iberian peninsula, is in advanced negotiations with Spanish dermatology chain Pedro Jaén about acquiring it, according to reports in the Spanish press.
October 16, 2025
Fresenius accelerates Vamed sell-off
Healthcare conglomerate Fresenius Group has decided to split the sale of the Austrian branch of subsidiary Vamed into two steps, in order to simplify and accelerate the process.
