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Europa Stream

 

HC-One pilots flexible working for carers

UK nursing home operator HC-One has launched FlexForce, a flexible working initiative that hopes to ease staffing shortages by improving the sector’s notoriously low retention rates. The scheme is being rolled out to 269 homes, following a successful six month trial this June across the north of England and Scotland. 
September 1, 2023

Third bolt-on for Phoenix

M&A in the UK's for-profit hospital market is back in full swing. As well as the sale of the UK's largest hospital group, Circle, August saw the acquisition of One Healthcare, a small group which operates two multi-speciality hospitals in Kent and Hertfordshire, by Phoenix Hospital Group, a slightly larger UK operator.
September 1, 2023

Babylon saga reaches end

Digital unicorn-turned-mouse Babylon Health has placed two of its UK divisions into administration and reportedly sold its clinical services business to US digital health firm eMed Healthcare.
September 1, 2023

Orpea sells 22 Dutch homes

This week, French nursing home operator Orpea announced the sale of 22 nursing home facilities in the Netherlands to Amvest Living & Care for €85m.
August 31, 2023

Interview: Jonathan Broomberg, CEO of Vitality Health International, Global Head of Health Insurance for Discovery

For nearly 20 years Broomberg has been intimately involved in the development of one of the world’s most sticky health care apps. If you have life or health care cover from Vitality or one of its partners you have access to an app which can reward you for exercise, diet, online or physical check ups with a range of rewards, ranging from a weekly free coffee to 50% off gym membership and discounts on flights. And in South Africa, even cheaper healthy food! Just like airlines, Vitality has different levels of status. The difference is you can move from Blue to Platinum with Vitality without spending a penny - just by better diet and exercise.
August 30, 2023

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.
August 30, 2023

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.
August 29, 2023

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.
August 25, 2023
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