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Hospital group buys Mexico’s largest diagnostic chain

Private equity house Inbursa has sold Mexico's largest lab and diagnostic centre network, Laboratorio Médico Polanco, to the country's only quoted hospital group, Médica Sur. The deal values Polanco at MXN 1.7bn (US$93m) including debt. Our sources say this is the largest healthcare services deal ever in the country.

FREE BLOG PPPs for Africa?

The African Healthcare Summit 2016 in London was all about Public-Private Partnerships (PPPs) in which hospitals are built or operated by private operators. PPPs were mentioned by no fewer than seven ministers for healthcare at different African countries.

Indian online healthcare platform Practo to go into homecare and telehealth

Indian start-up Practo, which offers online appointment and practice management tools to patients and doctors, is to launch new platforms targeting homecare and telehealth. Practo bought several of its competitors after raising $120m in 2015 and is now active in 15 countries across South East Asia. We spoke to its managing director and co-founder, Shashank ND.

Namibia to build national mental health network

Facing a huge shortage of mental health facilities and practitioners, Namibia wants to build a mental health network composed of several regional centres and three referral hospitals by 2018. According to the Minister of Health Dr. Bernard Haufiku, speaking at the Africa Healthcare Summit 2016 in London, the private sector is keen to get involved.

Kenya plans five PPPs

Kenya is looking for a transaction advisor to get the construction of five hospitals, three greenfield and two brownfield, off the ground. The largest, the Kiplombe hospital in southwest Kenya, will be a massive 2,000 beds and will use a turnkey contract with loans from the Export-Import (EXIM) Bank of China. The head of the oncology unit at the Ministry of Health, Dr Lillian Kocholla, shared the plans with the African Healthcare Summit.

FREE BLOG What does the Vitaldent scandal tell us?

An international dentistry group with EBITDA of €35m, which was about to start an auction process to sell to private equity, probably for an enterprise value of over €200m, has been engulfed in a scandal so bad that its very existence is in question (see our sepearate news story).

Scandal engulfs Vitaldent

Vitaldent, the big Spanish and Italian dentistry chain, has been engulfed in a tax scandal. This came a few weeks before an auction was about to start to sell the business, which boasted EBITDA of €35m. In 2015, PAI came close to paying €200m for the group. Observers say the brand has been trashed so badly that the group, which gets over half its sales from franchisees, may not survive.

Consolidating Ukraine

Into-sana, the largest hospital group in Odessa and possibly the largest in Ukraine, has recently bought two outpatient clinics in Kiev. Konstantin Lebediev, a medtech healthcare services consultant based in Denmark, suggests this is the start of a national chain.

Catalonia slams door on public-private concessions

The Catalan government will not renew two public-private hospital concessions in Barcelona - Clínica del Vallés and Hospital General de Catalunya - once they expire in August 2016. Spain's largest group, Quirón, owns both of them. This follows a retreat in Valencia. Even Madrid where the right wing PP runs a minority government may be vulnerable.

Rx Health Management builds US$200m fund

The former Egyptian health minister, Dr Hatem Elgabaly, hopes to raise US$200m to invest in African healthcare by the middle of 2017. Three deals in Egypt and Nigeria are under negotiation and three others in Morocco and Nigeria are early-stage. All are already funded, he claims. The strategy is to build a platform in hospitals, diagnostics and pharma in North Africa and replicate their success in Sub-Saharan Africa by consolidating and modernising mum'n'pops or expanding existing platforms.

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