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Bupa smiles despite write offs

What looks at first sight like dismal results from Bupa, the international insurer and healthcare operator, with a fall in pre-tax profits of 39% to £374m on sales of £9.8bn is actually much brighter than they first appear. Exclude most write offs and currency fluctuations, and pre-tax profits fell 2%, exclude all write offs and they rose 7% on sales up 6% in constant currencies. That is despite a 5% drop in sales at Bupa Global, the international insurance arm as Bupa dropped unprofitable business. We talk to CEO Stuart Fletcher about how apps and ehealth are helping sales, new insurance offers and acquisitions.
March 3, 2016

Report: Teleconsultation – the future of healthcare?

In the United States, teleconsultation reached sales of $100m in 2015 and is expected to hit 1m online visits this year. In Europe, things are moving much slowly. Regulations are not yet in place in most countries, payors have enormous reservations and doctors are not willing to get paid less for online consultation. But apps like Meedoc and Min Doktor in the Nordic countries are creating patient bases and insurers are starting to incorporate telehealth as a differentiator. Big private operators such as Medicover, Terveystalo and José de Mello are all deploying telehealth today.
March 3, 2016

Meinian looks beyond iKang

Chinese outpatient and health check-up group, Meinian Onehealth, has purchased a controlling stake in rival, Ciming Health. Meinian is paying 2.7bn Yuan (US$413m) for 72.22% and will raise 1.9bn Yuan (US$291m) worth of funding through a private placement. The deal suggests Meinian has given up on the takeover of rival, iKang, which is currently pursuing a lawsuit for information theft.
March 2, 2016

FREE BLOG New high-end hospitals to open in China, but can they attract doctors?

Private companies continue to seek entry in the Chinese private hospital market. In the past two months, IHH announced the opening of two large hospitals in 2017, and Samsung Medical Oaks launched a 150-hospital network. But while it appears relaxing the regulatory environment is paying off, doctors are hard to get.
March 2, 2016

FREE BLOG IHH takes over Bulgaria

IHH Acibadem’s planned takeover of two of the top three largest Bulgarian operators is interesting on two levels.
March 2, 2016

KIMS nears sale

Deal terms for the sale of Kerala Institute of Medical Sciences (KIMS), an Indian hospital group with a strong Middle Eastern presence, are starting to materialise. Some 8-10 large private equity funds want existing investors, Ascent Capital and OrbiMed Advisors’, 40% stake plus an extra 15-20% from new shares. That will cost around INR 2,050 crore (US$300m) and negotiations will start in a month’s time.
March 2, 2016

Helios privatises the Velbert municipal hospital

Fresenius Helios, Germany’s largest hospital operator, has bought a 519-bed municipal hospital in Velbert, located in the northern province of North Rhine-Westphalia. Although most public hospitals in the region are in deficit, privatisation remains unsual due to high subsidies.
March 2, 2016

Trilantic buys into Italian rehab

Private equity house Trilantic Europe is investing €66m for a minority stake in Italian rehabilitation centre Fondazione Salvatore Maugeri. Vittorio Pignatti Morano, chairman of Trilantic Europe, tells Healthcare Europa how the group intends to expand through private sector acquisitions and partnerships with the public sector.
March 2, 2016

Solid Nordic results suggest more IPOs

Nordic healthcare groups Capio, Attendo and Pihlajalinna have released solid annual results after floating in 2015. Political risk appears to be fading in Sweden and new public-private opportunities are under way in Finland. Could rivals like Ambea and Humana file for IPOs in 2016? We look at the figures.
March 2, 2016
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