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For-profit homecare may struggle to compete after French reform

Legislation in France is set to hike minimum homecare carer wages by 20% in the not-for-profit sector, with financial support from the government to do this. HBI hears low margin for-profit operators fear they will struggle to match this and retain staff.

GCC post-acute group sells for 10.5x as M&A climate cools

TVM Capital Healthcare has sold the GCC's largest post-acute/rehab provider Cambridge Medical and Rehabilitation Center (CMRC) to investor Amanat Holdings for 10.5x its 2020 EBITDA, a much lower multiple than it got for similar business Provita six years ago. We discuss the change in M&A climate with TVM CEO Dr Helmut Schuehsler and talk to Amanat's CFO about its plans with CMRC and its three other healthcare assets.

$20bn merger could transform Brazilian healthcare market

A $20bn merger between two giants of Brazilian healthcare, listed HMOs Hapvida Participacoes e Investimentos SA and Notre Dame Intermedica Participacoes SA (GNDI), will create one of the world’s biggest companies providing verticalized health-care solutions. HBI looks at the deal in detail, and talks to a Brazil-based operator to find out more.

UnitedHealth Group appoints new CEO

UnitedHealth Group, the largest health insurance firm in the United States, has appointed a new CEO.  Andrew Witty will take the helm from outgoing CEO David Wichmann, following his three-year tenure.

How digital is digital health?

Vast sums are being invested in so-called “digital health” but there remains surprisingly little medical proof that digital therapeutics, telemonitoring and coaching programmes actually work. And often so-called digital platforms merely knit together analogue processes. For instance, linking millions of diabetes patients to human counsellors and logging their blood sugar and insulin doses online may merely add huge cost without improving outcomes.

NMC CEO: Any sale will be a competitive, traditional process

Will the creditors of NMC Healthcare, the GCC's largest for-profit healthcare operator which has been in administration since April 2020, choose a sale of its core UAE business in the next 3-6 months or a longer-term, creditor-led restructuring? We talk exclusively to NMC CEO Michael Davis and UAE sources. A 'fire sale' of parts of its core UAE business now seems entirely off the table.

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