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Hancock’s perilous position a problem for the NHS

The future of the UK NHS is changing according to the recent White Paper and Queen's Speech - we're moving towards collaboration not competition and a Secretary of State for Health with wider powers. But current incumbent Matt Hancock's reputation is damaged and his political capital on the wane. HBI heard at a Kings Fund digital event that this could prove a problem for the NHS.

Terveystalo finally goes international

Terveystalo has moved outside Finland for the first time by acquiring one of Sweden's largest occupational healthcare groups, Feelgood. It is the second of Finland's big three operators to internationalise. 

Billions set to be written off as creditors take charge of NMC

NMC's creditors are now in the driving seat, after a take-it-or-leave it ultimatum from joint administrators Alvarez and Marsal left them with little option other than to accept a financial restructuring plan which wipes out billions of dollars owed to them, in return for ownership of the business.

$4.2bn Babylon to go public at 11-13x revenue multiple

Global digital health platform Babylon Health will IPO through a $4.2bn merger with SPAC Alkuri Acquisition Corp. The deal gives it a 13x revenue multiple of the $4.2bn equity value and 11x a $3.6bn enterprise value. The move comes as Europe's players increasingly look to the States as a more scalable market. Despite just launching there last year, 70% of Babylon's revenues now come from the States.

Life Healthcare entering South African imaging market

South African hospital and European imaging group Life Healthcare is planning to enter the imaging market on home turf, with up to 3bn Rand (€180m) earmarked for buying out radiology practices in its hospitals, its head of Investor Relations (IR) tells HBI.

Market welcomes strong Q4 for Max, despite Covid-related revenue drop in FY21

The market welcomed a strong Q4 performance from India's second-largest for-profit hospital chain by revenue, Max Healthcare, last week. Record-breaking Q4 EBITDA appears to have offset any potential market concerns that could have arisen from reporting a drop in revenue, and a resurgence of COVID, especially around the capital.

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