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Policlinico di Monza strengthens its presence in Romania

Three years and a half after opening a 140-bed cardiology hospital in Bucharest for €40m, Italian operator Policlinico di Manza wants to expand in other cities in Romania through a network of clinics. It aims to become one of the top three players in the next five years.

Acibadem charges into Bulgaria

IHH owned-Acibadem aims to create Bulgaria’s largest hospital group by buying the national chain, City Clinic, and the country’s largest private hospital, Tokuda, in an intriguing and complex deal. The move skilfully pre-empts radical change to the market, but could be highly unpopular, says Jivko Ivanov, managing partner at the local consultancy firm, Simbula.

French hospitals await MCO cut anxiously

French private hospitals are waiting anxiously to hear what the new MCO (medicine, surgery, obstetrics) rate will be. The figure should be announced tomorrow. Last year it was delayed by two weeks and effectively came to a cut of a disasterous 2.5 percentage points. So what is the betting on this year?

€100m secondary market deal in German nursing homes

A portfolio of 12 nursing homes operated by Korian-owned Casa Reha has been sold by the asset manager, Corpus Sireo, to its competitor E&G Funds & Asset Management. The secondary market transaction between two German funds is worth over €100m, reports the German press. Another 20 assets left in Corpus Sireo’s Health Care I fund should be sold this year, says fund manager Marc-Phillip Martins Kuenzel.

Italian dental groups face legislative battle

The Italian dental association is lobbying for a new law that would place two thirds of voting rights in dental chains into the hands of dentists. The senate commission is currently debating a bill that would freeze M&A and stifle the market’s development. President of the Dental Pro group, Michel Cohen, claims it violates anti-trust and EU law and is unlikely to pass.

Dr Agarwal bets on Africa

Of all types of Indian healthcare operators none have been as successful in Africa as Dr Agarwal, India’s second largest eye care chain. In just five years, it has grown its African business from nothing to 30-35% of sales. So far, it has 15 clinics in Mozambique, Nigeria, Madagascar, Rwanda, Uganda, Zambia, the Seychelles and Mauritius, but it plans to open six this year and to have 40 by 2020. We talk to Dr Agarwal’s CEO S. Rajagopalan.

TVM seeks a dozen investments for new fund

TVM Capital Healthcare is to raise a third growth capital fund to invest in a dozen healthcare services, medtech and pharma companies. With a target of $300m, the new fund is six times larger than the first $50m fund raised in 2010, which was invested in five Middle East healthcare service groups and an Egyptian medtech player. The sole sale from that round has already netted $50m for TVM. So what is CEO Helmut Schuehsler looking for this time round?

Regina Maria and Medlife in M&A race to build national chains

Regina Maria, the second largest Romanian hospital operator, which was bought by Mid Europa in 2015, has lined up several deals. It, and Medlife, the number one player, will be racing to build comprehensive national coverage over the next few years. Medlife has just announced a syndicated loan of €56m of which €20m plus €5m from medlife will be allocated for acquisitions.

European operators want to run African PPPs

Centres of excellence in healthcare are being planned in Rwanda, Uganda, Kenya, Tanzania and Nigeria and European companies are lining up to design, build and run them. Representatives from several African health ministries told the African Healthcare Summit that high quality facilities were needed to stem the flow of medical tourists. Regional centres serving multiple countries will open up markets.

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