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More questions for Babylon

The more you look at the Babylon SPAC deal, the more black box it looks. The sheer complexity of the US insurance system makes it impossible for investors to assess its prospects with any accuracy. And then there is the question of the $230m sale of shares made by "certain accredited investors". How much of this went to Babylon founder Ali Parsa?
November 2, 2021

DomusVi consolidates position in the South-East of France

DomusVi, the third largest French nursing home group in France by revenue, has consolidated its position in the South-East of France and Corsica through the acquisition of the Medeos group. We speak to a consultant to find out what this means for the group in the region.
October 28, 2021

Will Babylon succeed?

Ali Parsa, the founder of Babylon Health, is now a paper billionaire with control of a business with an enterprise value of $3.6bn with an additional $575m in gross proceeds, following its merger with special acquisition vehicle Alkuri. The nearly 90% of the SPAC shareholders who chose to sell before the shares started trading may be kicking themselves - the shares peaked at $16 on October 26, though as of the time of writing are sitting at $10.82, up from the initial opening price of 10$ on October 22.
October 28, 2021

Scotland pioneers free digital mental health therapeutics

Scotland will become the first country in the world to offer digital therapeutics for insomnia and anxiety for free at a national level, after NHS Scotland announced on October 13 that it has contracted with digital therapeutics group Big Health to make its two apps available to all five million Scottish adults. Big Health’s UK Director, Dr. Charlotte Lee, tells HBI the company plans to retain its focus on insomnia and anxiety as these areas are key to good overall mental health.
October 28, 2021

Africa’s healthcare to benefit from projects worth $140m

Two African healthcare improvement projects worth $140m are in the pipeline, one of which could see Africa's first 250-bed single facility specialist hospital in West Africa built. HBI speaks to Dr Egbe Osifo-Dawodu, partner at global healthcare strategic consulting firm Anadach Consulting, to find out more.
October 28, 2021

Biogroup pioneers drone use in France

French lab group Biogroup is hoping to test the transportation of urgent samples in France by drone by the end of the year, subject to the approval of the French Civil Aviation Authority.
October 27, 2021

PIS isn’t poor when it comes to health care

Law and Justice, (PIS) the governing party in Poland has had a problematic relationship with private health care. After all it was PIS that ran TV adverts showing a dystopian future in which ambulances were shown refusing uninsured patients. And PIS which confiscated inbound PPE for private operators switching it to the NHS. So is surprising to hear a major operator lauding PIS as a good partner.
October 26, 2021

“Secret” Artemis sale talks, as Veonet process progresses

HBI understands that Montagu, owners of Artemis Augenkliniken which is Germany’s second-largest ophthalmology chain by revenue, is in bilateral talks to sell. HBI names the potential buyer, and also has a delve into the ongoing sale - and current finances - of Veonet Group.
October 21, 2021

Priory appoints new CEO, refinancing put on hold

UK-based mental health and specialist residential adult care group Priory has postponed syndication of a planned €800m refinancing. The move comes ahead of a seemingly unconnected broadcast of an investigation into one or more of the group's facilities, and the announcement of a new UK CEO.
October 21, 2021
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