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As healthcare cyber attacks rise, what key questions should PE investors ask?

On September 20th, Reuters reported that Star Health, India’s top health insurer, suffered a massive cyber attack, exposing sensitive data—names, addresses, phone numbers, and medical records—of over 31 million customers on Telegram chatbots. With a market capitalisation exceeding $4 billion, Star Health and Allied Insurance has a significant presence in the industry. Star Health has not responded to an HBI request for comment.
September 27, 2024

Interview: Phil Frame, NorthEdge

NorthEdge is a regionally focussed UK PE firm, headquartered in Manchester and with presence across the North and Midlands. It invests in lower mid-market companies across the healthcare, technology and business services sectors, and currently has £900m of assets under management.  In an interview with HBI, Phil Frame, Partner and Healthcare Investment Lead at NorthEdge, discussed some of the areas of healthcare innovation the firm is currently most excited about, and the abundant opportunity in the UK regions.
September 26, 2024

Interview: Dr Oliver Harrison, Koa Health

Dr Oliver Harrison is the founder and chief executive of Koa Health, a UK-headquartered digital mental health company. He spoke to us about what makes Koa Health different and about the company’s new employer-funded mental health platform which he describes as the culmination of the work the company has been doing to date.
September 26, 2024

Czech government transfers responsibility for emergency care to insurance companies

The government of Czechia, commonly known as the Czech Republic, has approved a major amendment to the Act on Health Services, a law that regulates the provision of healthcare in the country. Several changes to the Act have been made, including a transfer of responsibility for funding and organising emergency care from the country’s regional authorities to healthcare insurers.
September 20, 2024

IHH Healthcare Malaysia may see corporate restructuring as shareholders seek greater control

IHH Healthcare, a leading Malaysian for-profit hospital group, may undergo corporate restructuring as key shareholders explore increasing their stakes, according to The Edge Malaysia. Mitsui & Co Ltd, shareholder and a global trading and investment company seeks to increase its holding from 33% to 49%. Malaysian institutional funds and Luxembourg-based private equity firm CVC Capital Partners together look to gain a hold on the remaining 51% stake. 
September 20, 2024

India’s hospital merger between Aster DM Healthcare and Blackstone-TPG backed Care Hospitals: here’s what we know

On August 9, HBI reported on a potential merger between Aster DM Healthcare, a Dubai-based multinational hospital group with operations in Bengaluru, and Hyderabad-based Care Hospitals, owned by PE firms Blackstone and TPG. If completed the merger may lead to the creation of a new entity — possibly named Aster DM Quality Care Pvt. Ltd. — jointly managed by Aster DM’s promoters and executives from Blackstone and Care Hospitals. Both organisations currently operate approximately 4,000 beds each, with any merged entity commanding a network of over 9,000 beds. Any deal would make the new entity India’s third-largest hospital network, behind only Apollo Hospitals and Manipal Health Enterprises.
September 20, 2024

How occupational health captured the interest of private equity

Europe’s occupational health market is seeing growing interest from investors as employers across the continent become increasingly amenable to taking a proactive approach to supporting their employees’ health. The sector is beginning to see significant M&A and PE acquisitions.
September 20, 2024

Spire’s revenue surge hints at rising private sector opportunities delivering NHS services

On September 12, Spire Healthcare, one of the UK’s top for-profit private hospital groups, reported a rise in revenues and profits. The company stated that this surge was partly driven by increased NHS outsourcing and higher private insurance uptake among working-age individuals.  The hospital’s pre-tax profits rose approximately 12% to £23 million in the first half of the year, with revenues increasing about 13% to £763 million. Spire expects annual underlying profits to range between £255 million and £275 million, having already achieved £130.6 million in the first six months.
September 20, 2024
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