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Europa Stream

 

Mehiläinen buys Aleris to create €3.7bn revenue mega group

Finland-based pan-European healthcare group Mehiläinen is buying pan-Nordic outpatient group Aleris from private equity firm Triton, marking Mehiläinen’s entry into Norway and Denmark. The combined group will have €3.7 billion revenue and be present in nine countries, making it Europe’s largest outpatient-focused healthcare group.

Verdane invests in ETERNO

Oslo-based private equity firm Verdane has invested in Berlin-based healthcare technology company ETERNO to support its expansion in Germany as it scales its AI-native operating system for outpatient care.

Arada acquires Reem Hospital, commits ~$544m to UAE expansion plan

UAE real estate developer Arada has acquired Abu Dhabi-based healthcare provider Reem Hospital from an investor consortium led by private equity firm Investcorp.  Arada is committing AED 2 billion ($544 million) to Reem Hospital, including both the acquisition of the controlling stake and future expansion investments.

Isomorphic Labs raises $2.1bn 

Isomorphic Labs, a London-based AI drug design and development company, has raised $2.1 billion in funding led by American venture capital firm Thrive Capital. Google Ventures. Tech giant Alphabet's independent venture capital arm, alongside specialist technology investment firm MGX, global investment firm Temasek, Alphabet's independent growth equity fund CapitalG, and the UK Sovereign AI Fund, the British government’s £500 million ($670.32 mn) venture fund, also invested in the firm.

GHO and CBC merging to form world’s largest specialist healthcare PE firm with $21bn AUM

London-based healthcare-focused private equity (PE) firm GHO (Global Healthcare Opportunities) Capital is merging with Asia’s largest healthcare-focused private markets investor, Singapore-based CBC Group. Once completed the merged entity will be the largest specialist healthcare PE firm in the world, with over $21 billion assets under management (AUM) across medical devices, pharma, diagnostics, healthcare infrastructure, and healthcare IT.

CMA issues ultimatum to Welltower over UK care home acquisitions

The UK’s Competition and Markets Authority (CMA) has given US healthcare REIT Welltower a deadline of Thursday May 14th to come up with remedies to allay concerns it has about the effect of its acquisition of UK care homes on competition in certain local UK care markets.

H.I.G. Capital acquires Spain’s Vitaly Group via Avanta Salud

American private equity firm H.I.G. Capital, which manages around $74 billion in assets, has acquired Vitaly Group, a Spanish occupational health and safety provider. The deal was completed through its portfolio company Avanta Salud, also based in Spain.

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