Intermediate Capital Group (ICG) is indirectly acquiring over 25% of the shares of Europe's largest radiopharmaceuticals provider Curium Pharma, HBI can reveal, after owner Capvest earlier pulled a majority sales process because of COVID-19.
Veritas Intercontinental, the spin-off of US genome sequencing group, Veritas Genetics, has raised €5m from existing investors to help finish building a new lab in Spain. CEO Javier de Echevarría tells HBI that the money will help to establish its independence from its former parent company which temporarily ceased US trading last year.
Swedish B2C telehealth player Kry has registered 14,000 patients in its first health care centre in Sweden, which comes as it's been forced into the capitated funding system. The start-up has been criticised for not making it clear enough to patients that they would be de-registered from their physical healthcare practice.
Valuations in the healthcare services sector will roughly stay the same post-COVID, according to a panel of investors from UBS, EQT, Icade Sante and TPG at a HBI-365 panel. That's despite the fact that HBI-365 delegates do not think that deal flow will return to pre-pandemic levels until the second half of next year.
HBI hears Synlab's private equity owner Cinven has mandated banks for an initial public offering, expected to take place next year. It will value Synlab at €5bn-6bn.
HBI speaks exclusively to George Spanos, chairman and CEO of Greece's largest primary care and diagnostic chain, about the company's plans for the future and whether rumours the company might be for sale are true.
eQ Care special investment fund has signed an agreement to sell a substantial portfolio of healthcare properties, predominantly elderly and special care homes, to a Scandinavian property fund with a focus on social care.
Buying France's third-largest private psychiatry group Inicea was a 'unique opportunity' for which a capital raise had to be used, Korian CFO Philippe Garin tells HBI, and international bolt-on acquisitions could follow. He discusses the deal's finances, COVID-19's impact on its regulatory environment, and one reason why Germany might have weathered the pandemic so much better than other countries.
NMC Health's administrators Alvarez & Marsal expect to complete a lender-led restructuring or sale of the group by April 2021, and sales of non-core assets - UK hospital chain Aspen Healthcare and international IVF group Eugin - much sooner. It's also revealed the COVID-19 impact on the group's healthcare services revenue.
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