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PE buys complex childcare in Ireland

Private equity firm Cardinal Capital Group has bought Ashdale Care, which provides specialist therapeutic care for children with complex behavioural needs in Ireland.
September 9, 2021

Promedica24 continues expansion – sale ‘on the table’

Pan-European homecare group Promedica24 tells HBI that long-term investor ForeVest is considering an exit in the next 1-2 years. Tomasz Brzeziński, CEO and CFO, says that the group has plans to move into Switzerland and Austria as well as diversify its revenue sources in Germany. Brzeziński is one of 100 speakers at HBI 2021, Sept 20-22, the global CEO-level event focused on for-profit healthcare.
September 2, 2021

Europe’s carer-booking market to pick up with new entrants

Doctor-booking platforms is an established multi-million euro market in Europe. However, platforms that connect families with carers have so far lagged behind. That is starting to change with the emergence of new carer-booking platforms that want to internationalise. HBI speaks to one, Greece's grandmama.
September 2, 2021

Rede D’Or backs down on Alliar

Brazilian hospital group Rede D'Or has pulled back on its attempt to takeover imaging group Alliar after it became clear it could not take control. However, large lab group Fleury has now also thrown its hat into the ring for a stake.
September 1, 2021

Asia Healthcare Holdings raising $350m

TPG-backed operating and investment platform Asia Healthcare Holdings (AHH) is reportedly raising $350m for acquisitions in specialist healthcare. 
August 27, 2021

Philippines in crisis as 40% of nurses quit

Two in five Filipino nurses have quit working in their home market over the past year leaving the hospitals in the grip of a care crisis. The country is already a high exporter of nurses globally but poor wages and working conditions may push even more to migrate. 
August 26, 2021

Homecare wages rise as vacancies jump sixfold

Wages in Europe's domiciliary care market have risen up to 15% as the sector scrambles for staff, driven by a sixfold jump in empty vacancies and better protections for governments. This will likely signal a care cost inflation across the continent as one operator tells HBI that the costs will be passed on to the customer.
August 25, 2021

US homecare tech specialist buys Home Instead

US-based homecare tech specialist Honor Technology has acquired Home Instead, the global leader of franchise homecare services. The deal creates a global homecare group worth more than $2.1 billion in homecare revenue.  HBI chats with sources including Home Instead's UK CEO to find out what the deal means for markets outside of the United States.
August 19, 2021
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