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Why AI is failing in healthcare

Why has AI failed to deliver on the promises of 3-4 years ago in healthcare? Gemma Galdon, CEO of Ethica Consulting, whose business has audited algorithms for a decade, explains why at the EIT Health Conference and looks at why so many algorithms are flawed.
May 26, 2022

Social bond finances for-profit diabetes prevention

A Swedish pension fund is investing via a social bond in a programme that aims to stop unfit 50-60 year olds in Stockholm developing diabetes 2 and other expensive conditions. The scheme, run by a start up, is set to roll out more widely in Sweden and internationally. Bogi Eliasen, Director of Health at the Copenhagen Institute For Futures Studies says that Scandinavian countries, Qatar and Saudi Arabia are all keen to up prevention spend and are looking at similar schemes.
May 26, 2022

Kry laying off 10% of its staff

Stockholm-based digital health player Kry is laying off 10% of its 1,000-strong workforce to reassure its investors and its partners in trying times for the market.
May 26, 2022

Warsaw hub model set to spread across CEE

A new Warsaw Health Innovation Hub in Poland has seen 30 big pharma and medtech contribute brains and money to tackle healthcare projects, extending the cooperation which developed during Covid between the government and the private sector. Healthcare providers are set to join. The model is likely to be adopted by other CEE countries.
May 26, 2022

Optimistic confusion over EU’s new Health Data Space

There was quiet confidence about the proposed, new European Health Data Space (EHDS) from European Commission staff at the EIT Health Conference 2022 in Stockholm this week. The scheme should make it much easier to use health data for scientific research. But implementation could be tortuous.
May 25, 2022

IDH sells DD Group

The owner of UK-based dental specialist IDH, Palamon Capital, is selling DD Group (formerly Dental Directory), its UK and Ireland-based dental and medical aesthetics distributer and service provider. Palamon says this concludes phase one of its investment plan to return IDH to a pure-play dental service.
May 24, 2022

Orpea share price plummet could make it a bigger takeover target

French elderly care group Orpea saw its shares fall to a new low on Wednesday after new accusations regarding its financial structure, alleging irregularities, were made against the company. The current share price of around €24 makes the company ever more likely to be subject to a takeover bid. Orpea says those "likely to be involved in these frauds" were "immediately" removed - and points out the allegations do not relate to patient care.
May 20, 2022

Vitaldent acquisition shows shift to aesthetics

Spanish / Italian dentistry network VitalDent has incorporated its latest acquisition, 73 clinics previously owned by Smysecret. The acquisition marks a deliberate move to aesthetics targeting the 18-35 age group and adds significantly to its burgeoning business.
May 20, 2022

KKR going ahead with Ramsay bid

Private equity firm KKR has reconfirmed its AU$88 per share offer for multinational hospital group Ramsay Health Care after completing due diligence on the company last week, HBI understands. It will now begin due diligence on Ramsay’s 52.79% stake in its subsidiary Ramsay Générale de Santé, which could take another few weeks. The deal still has to be approved by the French Competition Authority (FCA), which could take issue over the fact that KKR owns a 43% stake in Elsan, Ramsay Santé's largest competitor in France.
May 20, 2022
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