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Cofinimmo expands in Normandy

Cofinimmo has acquired five new healthcare sites in Normandy for approximately €44m further extending its French portfolio. The Belgian-based real estate company's new assets comprise four nursing and care homes, one of which is currently under construction, and one assisted-living facility.

Teleradiology veteran joins AI outfit as sectors’ outlooks diverge

The former CEO of lab group Unilabs' teleradiology arm TMC, Alexander Böhmcker, has joined the eighth most-funded imaging AI company in the world, Aidoc, as VP Europe. We talk to Böhmcker. What does the move say about the two sectors which had very different 2020s?

Atrys CFO on recent M&A and pan-European radiotherapy plans

Spain-listed diagnostics and radiotherapy group Atrys Health's CFO talks HBI through the strategic rationale of its spate of recent acquisitions including a €550m merger with another listed group, after we questioned the diversity of deal-making it is pursuing. He says it is looking at acquiring radiotherapy centres in Europe outside Iberia. 

Synlab and Cerba looking for exits, while Unilabs in ‘no rush’

The COVID-19 pandemic has uniquely warped revenue for the big lab groups. Difficulty forecasting means Apax is in “no rush” to explore an exit while Cerba Healthcare may join Synlab in an IPO process, HBI can reveal. Synlab is reportedly on an IPO roadshow this week and Biogroup’s recent record-breaking raise on the bond market shows there’s an investor appetite. 

NHS reform could give patients choice to seek private care

Population health is at the centre of a new NHS England reform that will give purchasing power to local, integrated health bodies across the UK. At first glance, the white paper points to less work for the private sector, but a new procurement system could tip it towards the system seen in Europe, where the local body often acts as a payor and the patient has a much wider choice of provider.

Atrys continues M&A splurge as shares soar

Spanish listed precision medicine, diagnostics and radiotherapy group Atrys Health continued its relentless M&A drive through 2020 and has started 2021 with its biggest deal yet. But how much is too much?

Penta to sell stake in hospital business; IMs out by March

CEE private equity firm Penta Investments is seeking a new investor for its hospital division, Penta Hospitals International (PHI), and aims to launch a process with investment memorandums (IMs) out by the end of February, investment director Václav Jirků tells HBI. He discusses the reason for the sale, including international expansion, and the current political turmoil surrounding Penta and its healthcare business.

Dentalpro acquires Vitaldent Italia and plans further expansion

BC-Partners backed for-profit Italian dentistry group DentalPro has signed an agreement to acquire Vitaldent Italia from JB Capital. The agreement will see DentalPro take control of Vitaldent’s 80 dental practices and integrate them into DentalPro’s network and brand.

Elsan to “refrain from sizeable acqusitions for 12-18 months” after C2S deal

Credit rating agency Moody's understands that France's largest for-profit acute hospital group Elsan will "refrain from sizeable debt-funded acquisitions such as Groupe C2S over the next 12 to 18 months and focus on bolt-on acquisitions," after downgrading its debt rating outlook to 'negative' following an increase in leverage from its the deal. We talk to Elsan and L.E.K. France.

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