Global health insurer Bupa aims to build a network of 130 medical centres over the next three years in Australia, with plans to invest in GP clinics and partner with hospitals to provide services.
Mubadala Investment Company, Abu Dhabi’s strategic investment firm, has launched Mubadala Bio, a new life sciences unit. The aim is to increase pharmaceutical manufacturing in the UAE, and improve access to treatments.
FutureLife, a pan-European provider of IVF and genetics services co-owned by Luxembourg-based private equity firm CVC Capital Partners and Central Europe-based private equity firm Hartenberg Holding, has reached an agreement to acquire a stake in the Bahceci Group.
The UK and India have concluded a Free Trade Agreement (FTA) as of 6 May, following three years of discussions. Though not yet formally signed, the agreement is expected to deepen economic ties, with UK government projections estimating a £25.5 billion boost to annual trade, a £4.8 billion increase in GDP, and a £2.2 billion rise in wages over the long term.
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.
The government has announced plans to reduce immigration in the UK and focus the system towards “those who contribute most to economic growth” with “higher skills standards” as well as training within the UK. As part of a white paper, the plan to lower “record-high levels of net migration” and end the “reliance on international recruitment” will include the end of overseas recruitment for social care visas, in a further hurdle to overcome for the sector.
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.
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.
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