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Kuwait International Bank cuts its losses, sells NMC debt

Kuwait International Bank is selling off the debt it is owed by NMC Health, the UAE's largest hospital group which remains in administration following a fall from grace precipitated by short-seller Muddy Waters' report back in 2019.
June 3, 2021

Politics and poor tariffs hamper Danish homecare market

Variation in homecare tariffs across the Danish municipalities is making growth in the for-profit sector difficult and forcing consolidation of smaller companies that cannot price match, HBI hears from several sources.
May 27, 2021

Rede D’Or to build new hospitals with $340m follow-on

Brazil's largest hospital group Rede D'Or has raised $340m in new shares with a follow-on that includes Carlyle selling down its stake. It says it will use the proceeds of the primary offering to build and acquire new assets.
May 27, 2021

Social care job applications drop as economies open

Job applications for social care have dropped off a cliff in the UK as the economy starts to open up, according to an operator. Groups in Germany, France, the Netherlands and Austria say they are still seeing a surge.
May 27, 2021

Complex legal case might derail June vote for NMC

Court documents reveal that the administrators of UAE's largest hospital group NMC Health are expecting a formal vote on the restructuring deal in June, as the process is held up by a complex legal case.
May 27, 2021

Fresenius raising $1.5bn bonds as Covid hits Q1 results

Global dialysis provider Fresenius Medical Care has issued bonds with an aggregate principal amount of US$1.5bn across two tranches. The proceeds will be used for general corporate purposes, including the refinancing of outstanding indebtedness.  
May 21, 2021

Mitsui mulls buyout of $13bn IHH Healthcare

Japanese conglomerate Mitsui is considering a buyout and de-listing of IHH Healthcare, the $13.4bn-valued pan-Asian hospital operator in which it holds a 32% stake, according to reports. Its share price has declined in the last five years amidst perennial problems in Turkey and India.
May 13, 2021

Akdital plans pre-IPO expansion

Morocco's largest hospital group Akdital Holding is expanding nationwide ahead of its plans to file for IPO. The group is going public to finance its international expansion.
May 13, 2021

Ambea Q1 points to slow recovery for Nordic social care

Recovery in the Nordic social care market is happening slower than expected as provider Ambea expects a hit on revenues and profits in Q1 to continue in the second quarter. Sweden has been particularly badly hit with EBITA down in both its elderly care and disabled care segments.
May 6, 2021

Final week for bids on Penta Hospitals

Questions are surrounding the ongoing stake sale process for pan-CEE hospital chain Penta Hospitals International (PHI). Owner Penta Investments director Václav Jirků tells HBI that remaining bids are to be received by next week and rejects rumours it may pull the process entirely.
May 6, 2021
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