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Apax Partners France acquires Mentaal Beter

Apax Partners France has acquired Dutch psychiatry group Mentaal Beter. Partner Marc Benatar tells HBI that the group is planning to export its protocolised, pure outpatient model elsewhere in Europe through M&A.

Advent buys from bankrupt Dentix

The largest shareholder in Spain’s dentistry group Vitaldent, Advent International, is acquiring 80 dental clinics from struggling Dentix, and the Dentix brand.

Lockdown and Zoom create cosmetic boom

Demand for aesthetic surgical procedures and cosmetic dentistry is on the rise, fuelled by both a Zoom meeting culture where everyone is aware of their appearance on camera, and the lockdown enabling otherwise undisguisable procedures to remain hidden during recovery.

Vaccine tours to claw back medical tourism losses

A handful of medical tourism hubs are starting to organise 'vaccine tours' in a bid to replace lost revenue, HBI hears. The idea is to fly the wealthy to somewhere they can get a COVID-19 jab.

Korian enters long-term real estate partnership

France-based pan-European Care group Korian has entered into a 15-year-partnership with BNP Paribas Cardif and EDF Invest, creating a real estate vehicle with Korian at the helm.

How the world’s largest consumer PE house views healthcare

At HBI 2020 we interviewed Chinta Bhagat, a managing partner at private equity house L Catterton, the world’s biggest private equity investor in consumer products and retail, about the destruction of the general hospital and the new digital models that will replace it. “If you don’t have digital embedded in everything you do in such a way as to give the customer a choice of how to interact with you, your business will eventually be destroyed,” he says. Bhagat should know, he led McKinsey’s healthcare practice in Asia for many years and at Khazanah Nasional was intimately involved in the creation of Pan-Asian hospital chain IHH. He is now scouting the world for digital healthcare investment opportunities.

Aetna Global Benefits for sale

The sales process has started on the sale of one of the top four global ex-pat healthcare insurers, HBI hears. We name names and potential buyers in what is likely to be a billion dollar plus deal.

Waterland buys Priory, plans €2bn Median merger after propco sale

PE firm Waterland is buying UK mental health and adult specialist care operator The Priory Group from American Acadia Healthcare for €1.2bn and will merge it with existing portfolio company German rehab chain Median to create a c.€2bn revenue group, the sixth-largest for-profit acute operator in Europe by revenue. We talk to Waterland partner Dr Carsten Rahlfs and Median CEO Dr Andre Schmidt on the deal, plans with Priory and whether selling off the majority of its real estate to MPT is sensible.

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