Adult Care

 

Waterland buys Priory, plans €2bn Median merger after propco sale

PE firm Waterland is buying UK mental health and adult specialist care operator The Priory Group from American Acadia Healthcare for €1.2bn and will merge it with existing portfolio company German rehab chain Median to create a c.€2bn revenue group, the sixth-largest for-profit acute operator in Europe by revenue. We talk to Waterland partner Dr Carsten Rahlfs and Median CEO Dr Andre Schmidt on the deal, plans with Priory and whether selling off the majority of its real estate to MPT is sensible.

Interview: Klaus Boehncke, Partner, L.E.K. Consulting 

What can you do with AI and big data today and what will be possible within three years? Why has adoption been slower than you might have expected? And what sort of role should health care providers look to play? HBI gets an expert view from digital, technology and business strategy expert Klaus Boehncke, partner at L.E.K. Consulting, who is chairing the Best Practice Workshop: Delivering Digital Excellence: A Framework for Success at HBI 2020 in two weeks.

UK care specialist Heathcotes sells

Care services provider Envivo Group has bought the opco of Heathcotes, while social impact investor Civitas Investment Management (CIM) has acquired the real estate.

Exemplar snatched by Ares in pre-emptive bid

Mid-market UK adult specialist care provider Exemplar Health Care has sold to the private equity arm of US investment fund manager Ares Management for "double-figure EBITDA multiple" in a pre-emptive bid.

Analysis: which listed care providers are recovering best?

Why are listed Nordic care providers' share prices seeing a faster recovery than other European counter parts? And how has each operator weathered the storm? HBI takes a deep dive into the financials to deliver an exclusive analysis as providers prepare their Q3 results.

KKR and Triton sell large chunk of Ambea shares

Previous majority shareholders of Ambea KKR and Triton, through their joint investment vehicle Actor SCA, have sold over 12% of Ambea shares to the market this week in their gradual retreat from company ownership. 

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