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IHH Healthcare Malaysia may see corporate restructuring as shareholders seek greater control

IHH Healthcare, a leading Malaysian for-profit hospital group, may undergo corporate restructuring as key shareholders explore increasing their stakes, according to The Edge Malaysia. Mitsui & Co Ltd, shareholder and a global trading and investment company seeks to increase its holding from 33% to 49%. Malaysian institutional funds and Luxembourg-based private equity firm CVC Capital Partners together look to gain a hold on the remaining 51% stake. 

India’s hospital merger between Aster DM Healthcare and Blackstone-TPG backed Care Hospitals: here’s what we know

On August 9, HBI reported on a potential merger between Aster DM Healthcare, a Dubai-based multinational hospital group with operations in Bengaluru, and Hyderabad-based Care Hospitals, owned by PE firms Blackstone and TPG. If completed the merger may lead to the creation of a new entity — possibly named Aster DM Quality Care Pvt. Ltd. — jointly managed by Aster DM’s promoters and executives from Blackstone and Care Hospitals. Both organisations currently operate approximately 4,000 beds each, with any merged entity commanding a network of over 9,000 beds. Any deal would make the new entity India’s third-largest hospital network, behind only Apollo Hospitals and Manipal Health Enterprises.

How occupational health captured the interest of private equity

Europe’s occupational health market is seeing growing interest from investors as employers across the continent become increasingly amenable to taking a proactive approach to supporting their employees’ health. The sector is beginning to see significant M&A and PE acquisitions.

Spire’s revenue surge hints at rising private sector opportunities delivering NHS services

On September 12, Spire Healthcare, one of the UK’s top for-profit private hospital groups, reported a rise in revenues and profits. The company stated that this surge was partly driven by increased NHS outsourcing and higher private insurance uptake among working-age individuals.  The hospital’s pre-tax profits rose approximately 12% to £23 million in the first half of the year, with revenues increasing about 13% to £763 million. Spire expects annual underlying profits to range between £255 million and £275 million, having already achieved £130.6 million in the first six months.

Zerenia buys digital pain management platform Leva Clinic

Zerenia Clinic, a UK healthcare provider specialising in medical cannabis treatment, has acquired Leva Clinic, a digital health company specialising in pain management that offers a variety of behavioural self-help tools via an app as well as cannabis medication.

Livi launches new employer-funded online GP service 

UK telehealth company Livi (a subsidiary of Swedish telehealth company Kry) has launched an employer-funded GP service targeted at small and medium sized businesses. The new service gives employees of companies that sign up access to on-demand online video consultations with a GP via Livi’s app. We speak to Jamie Griffin, Head of Commercial (NHS) at Livi, to find out more.

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