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Europa Stream

 

IHH makes two acquisitions but reports 51% drop in Q2 profit

Listed pan-Asian hospital giant IHH is continuing to grow through bolt-ons, having made two major acquisitions this month. For Q2 2023 the company reported a drop of 51% in net profit compared to Q2 2022, to RM302m ($65m). However, the company said this was mainly because the Q2 2022 figure was unusually high, and is continuing to grow organically as well as through M&A.

Circle Health sells for $1.2bn

Circle Health, the UK's second largest hospital group by revenue, has sold for $1.2bn (€1.1bn) inclusive of debt assumed. The buyer was Pure Health, a healthcare conglomerate based in the UAE, effectively owned by the Abu Dhabi government.

Ramsay share price plummets as results released

Australia-based multinational hospital group Ramsay Health Care’s disappointing results have seen its share price drop by double digits since close Wednesday. It seems its European segment’s performance did not match that of its other divisions.

San Donato set to buy American Heart of Poland

The largest Italian hospital group is set to buy a majority of American Heart of Poland, a fast-growing Polish hospital group, in its first serious move outside Italy, although it has also outlined expansion plans in the Middle East. This deal is also backed by GKSD Investment Holding, the vehicle of Tunisian entrepreneur, Kamel Ghribi. But what exactly is San Donato buying?

Icon’s UK debut deal with Nuffield

The UK's largest healthcare charity Nuffield Health is partnering with Australian oncology care provider Icon Group to debut its cancer care radiotherapy services in the UK market. 

German doctors demand more money as outpatient sector “faces collapse”

Germany’s National Association of Statutory Health Insurance Physicians (KBV) has put a series of demands to the Ministry of Health. These include sustainable, inflation-linked financing, more training and digitisation and less bureaucracy. The group says that if its demands are not implemented the outpatient sector is at risk of collapsing.

Orpea likely looking to sell in Belgium

Orpea Belgium’s 2022 results are public, and it doesn’t look good. Having suffered a historic loss approaching €400 million last year and with Orpea looking to sell its non core business, we ask a market expert whether and when divestment there looks likely.

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