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Europa Stream

 

Challenges in German healthcare system present opportunities for tech-focused investors

Germany's healthcare system, known for its efficiency and quality, is currently facing substantial challenges, as highlighted by a recent McKinsey survey. The survey, conducted from November 2022 to January 2023, involved 201 physicians from various specialties and ages across Germany. While not representative, it included a diverse group of doctors.

Bain Capital eyes controlling stake in India’s HCG from CVC Capital

Bain Capital, the American private investment firm, is the leading candidate to acquire a 60.4% controlling stake in India-based cancer care provider HealthCare Global Enterprises (HCG), from CVC Capital Partners, a Luxembourg-based private equity and investment advisory firm, CNBCTV18 reported. The stake is said to have been valued at approximately $356 million, while HCG’s market value stands at $589 million despite a 3% drop in its share price this year. Negotiations are ongoing, and the deal is not yet finalised. 

Germany’s pharmaceutical company STADA expands its presence in MENA region

STADA, a European pharmaceutical company based in Germany, has acquired the FITO™ trademark from Leo Pharma, a multinational Danish pharmaceutical company, to expand its consumer healthcare presence in the Middle East and North Africa (MENA) region.  International law firm Bird & Bird has advised STADA Group on acquiring the FITO business from Leo Pharma in an asset deal.

How CRISPR and HiBiT can accelerate drug discovery

CRISPR has been called one of the most exciting developments in genetic engineering. It is opening up new possibilities in medicine, particularly for discovering new types of drugs for genetic diseases and new ways of repairing and replacing organs and tissue in regenerative medicine. In an interview with HBI, Philip Hargreaves, Director of Strategic Marketing & Business Development at Promega UK, the UK  branch of US biotech company Promega, spoke about how CRISPR, when combined with Promega’s innovative HiBiT technology, can accelerate the drug discovery process.

Blackstone eyes landmark private healthcare merger in India 

Aster DM Healthcare, a Dubai-based multinational private hospital group with operations in India’s Bengaluru, is said to be negotiating a merger with Hyderabad's Care Hospitals, one of India’s largest hospital groups. This potential merger could create India’s third largest hospital group.

CVC DIF acquires medneo UK

Netherlands-based infrastructure fund CVC DIF (formerly DIF Capital Partners) has acquired medneo UK, a UK-based imaging services company.

UK’s ICO moves to fine NHS software provider £6m

Advanced Computer Software Group Ltd, the company that provided IT and software services to the NHS during the 2022 ransomware attack, may face a £6 million fine from the Information Commissioner's Office (ICO), the British data and privacy watchdog.

HBI News Round Up, Friday 9th August 2024

In this HBI News Round Up we cover global private markets manager CVC’s acquisition of diagnostic imaging company medneo UK, NHS and self-pay healthcare services provider Provide Community Group’s acquisition of Mind Professionals, Skanray Partners collaboration with Tata Elxsi to develop surgical imaging and healthcare innovation and wellness technology company TRIPP’s launch of an AI-powered meditation guide.

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