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Medicover consolidates in Poland

Polish healthcare provider Medicover has acquired smaller rival CDT Medicus, at a low double-digit EBITDA multiple.

McKesson sells UK arm to turnaround specialist as it exits Europe

US-based pharmacy group McKesson has sold its UK arm - made up of retail pharmacy group Lloyds Pharmacy and a drug distribution business - to Aurelius, an investor specialised in turnarounds. The new owner is likely to focus on the rationalisation of the business, HBI hears.

Excess deaths force cost cutting at Fresenius Medical Care

Dialysis patients are dying from COVID at increasingly high rates at Fresenius Medical Care, forcing the provider to slash 5,000 jobs and target €500m cost savings annually by 2025. The group has seen 18,200 more patients die than expected since the beginning of the pandemic, representing over 5% of its total base.

NHS England to require COVID-19 jab for job

All 1.2m of NHS England's staff will have to be vaccinated against COVID-19 from next year, reports say, with an official decision expected from the government imminently. Similar laws elsewhere in Europe have only led to minor problems for healthcare workforces but data shows that UK private providers expect to replace on average 8% of their workforce. 

Dallah Healthcare to buy stake in IMC after Amanat exit

Dallah Healthcare Company, a listed Saudi Arabian healthcare operator, has signed an agreement to buy 8.2% of the shares of a hospital in Jeddah, International Medical Centre (IMC). The move is part of Dallah Healthcare’s plan to gain a more than 25% stake in the hospital and increase its presence in Jeddah.

Dentistry: Rodericks Dental, KonfiDents sell

Two more dentistry platforms have been grabbed by two different private equity firms. NHS focused UK dental group Rodericks Dental has sold, HBI hears from multiple sources, and so has German-based KonfiDents. We name the buyers, the multiple, and consider why this development might shake up a stagnating market.

Is Eurofins’ share price drop an overreaction?

The share price of global lab group Eurofins is down 18% since a high at the end of September. Is it all an overreaction? A raised revenue guidance - but not EBITDA - points to falling margins for the group. 

Icade Sante adds first not-for-profit asset

Non-profits continue to open up to sale-and-leasebacks after Icade Sante bought its first property from the sector. HBI explores where else the big REITs have diversified away from for-profits. 

Cyberattack hits Fullerton’s vendor partner

A cyberattack on the Agape Connecting People network, a vendor that helps Singapore-based healthcare major Fullerton Health to manage patient appointments and bookings, has resulted in a data leak of Fullerton's patients’ personal information.

Flagship PPP in Czech elderly care slows

Earlier this year elderly care providers in Czechia had been looking to a new public-private partnership in Brno as a model for future agreements. However, HBI hears that the project is already slowing and the market is instead looking to alternative models. HBI speaks to David Volny, CEE-focussed partner at PE firm Dynacor Capital, to find out more.

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