Australian diagnostics group Healius has sold its imaging division, Lumus Imaging, to pan-Asian PE firm Affinity Equity Partners, for A$965 million (~$655 million).
Civitas Investment Management, a UK-based investment firm focused on real estate and social impact investments, has entered Germany for the first time, buying 27 elderly care and assisted living properties from Deutsche Wohnen, a German property management and development company.
In this HBI News Round up we cover Spanish health insurer Sanitas’ new hospital in Barcelona, Indian eye hospital chain Dr Agarwals Health Care filing a draft red herring prospectus with the Securities and Exchange Board of India (SEBI), Delhi-based hospital CK Birla Healthcare’s plans to raise $150 million to expand in India, and insurer AXA Health launching an online dermatology and digestive health platform in partnership with HBSUK.
The UK branch of British multinational healthcare company Bupa has expanded its health and wellbeing subscription services with the launch of the Well+Silver tier for self-paying customers.
This new tier follows the bronze subscription introduced in June and is available to UK residents over 18 without Bupa insurance.
M&A activity in healthcare has been subdued over the past two and a half years. We discussed this with Ramesh Jassal, who has just joined investment bank Heligan Group as Partner ‑ Healthcare, Corporate Finance, to build a specialist healthcare advisory team. He shared his view on why we should expect to see deal activity return in 2025, and which sub sectors will see most interest.
Private Medical Insurance (PMI) is now the most sought-after employee benefit in the UK, as shown in a recent study by Zest, a technology provider.
Among 2,000 UK adults surveyed, 33% ranked PMI as the top benefit, ahead of increased pension contributions (32%), employer support on energy bills (24%), and a wellbeing allowance (20%).
Huma, a London-based global health tech company, has announced its acquisition of eConsult, a digital triage platform that allows patients to make medical or administrative requests to their NHS GP practice.
In this HBI News Round up we cover one of India’s top for-profit hospital providers Aster DM Healthcare launching a new hospital project in India, the Ministry of Health in Spain restricting who can perform cosmetic surgeries, the UK’s second largest private ophthalmology group Optegra’s latest NHS eye clinic, Spanish for-profit hospital group Grupo Recoletas buying two new fertility clinics and Dutch-African CarePay raising €10 million to expand.
We also look at French drugmaker Sanofi receiving two bids for its consumer health unit, PE firm LeapFrog investing $120-30 million in India’s healthcare and Bulgarian courts overturning healthcare regulations.
French digital health insurance startup Alan raised $193 million in a Series F round led by Belgium's second-largest bank Belfius, marking the largest European insurtech deal this year, Bloomberg reported.
The investment raises Alan's valuation to $4 billion, up from its $2.9 billion valuation in 2022. Alan reported $388 million in 2023 revenue and aims for 40% growth in 2024.
Mid-market PE firm Inflexion is reportedly considering a take-private of Advanced Medical Solutions (AMS), a listed UK-based medtech firm that produces technology for healing wounds and has a market cap of almost £500 million.
Healthcare Business International users cookies to improve the functionality, performance, and effectiveness of our communications. Detailed information on the use of cookies is provided in our Cookies Policy. By continuing to use this site, or by clicking "I agree" you consent to the use of cookies.
