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IFC invests in Turkey’s 1,000 bed Elazig PPP

IFC is investing €80m in a project bond towards the construction of the 1,000 bed Elazig Integrated Health Campus in Eastern Turkey, which will contain five healthcare facilities, as part of the PPP program developed by the Turkish Ministry of Health.

FREE BLOG Narayana’s dilemmas

Indian hospital chain Narayana Health, whose innovations in procurement, process and staffing have cut the price of open-heart surgery to US$2,000, and brought its chairman, Devi Shetty, the status of rockstar surgeon, is entering Kenya - backed by the Abraaj Group and the IFC. This long-term partnership opens up a new frontier for its rapid expansion. It has been years in the making. And, yet, could it still be too soon?

Bupa to sell 150 UK care homes

Global health care giant, Bupa, is close to a sale and leaseback deal for 150 of its UK care homes. We name both the buyer and the group’s further real estate plans.

FREE BLOG Valuable Christmas reading

How do you measure healthcare system efficiency? What data should you use and what measurements can you rely on? These are the subjects covered in a new report from the European Observatory on Health Systems and Policies.

Circle Holdings: not just another Chinese deal

UK investor Circle Holdings is partnering with several Chinese groups to launch and operate a network of 10 clinics across China in the next six years. Stephen Sunderland, managing director at L.E.K. Consulting in Shanghai, says the deal is impressive.

Interview: Attila Vegh, CEO, Penta Hospitals Group

By 2025 Penta Hospitals Group (PHG) owned by private equity house Penta Investments, plans to more than triple sales to over €1bn. But growth could be even faster, says its new CEO, Attila Vegh, a former boss of three large English NHS hospital trusts. The real ambition of the group, a merger of Svet Zdravia in Slovakia, the Polish chain EMC and Penta’s hospitals in Czech Republic, is even greater than the sales forecasts suggest. Much of the growth he says will come from working with the public sector. Vegh says that Penta wants to be “a disrupter, a company which introduces best practice and innovation,” thus persuading public payors to rethink their attitude to the private sector. So how do you do that in a region which is becoming increasingly statist and hostile to international capitalism?

Interview: Jaakko Olkkonen, Wellmo: The future of insurance – Preventative health services and wearables

Savvy insurers - big players like Generali, Germany's second largest primary insurance group, and Vitality in the UK, are moving into preventative health services – suggesting there's money to be saved here. Experts seem to agree within five years, wearable devices feeding information back to health insurance companies may become the norm rather than the exception – and insurers who don't change they way they operate could soon be left behind. One such expert is Jaakko Olkkonen, managing director of Finland-based mobile platform software company Wellmo. Olkkonen admits he has a vested interest in promoting wearable devices and apps which record key health information – like user activity, sleep patterns and heart rate – and feeding it back to insurers. He runs a digital platform designed to facilitate it, after all. But he says his predictions are accurate nonetheless.

Private equity “certain to bid for Cerba”

Banking sources say they are confident that there will be bids for Cerba, the big French lab group. L'Agefi, the French financial news service, reports that first round bids for Cerba, the big reference lab group, put up for auction by PAI, ends this week. It names the advisers as Natixis and JPMorgan. Reuters reports that PAI expects to receive two bids of around €1.8bn on December 8.

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