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Cambian share price hits record low

UK-based specialist mental health services provider Cambian has issued its second profit warning in four months, leading shares to fall nearly 50% to 66p. The share price had already collapsed over 50% to 128p after the first profit warning in October 2015. So the group has seen its share price plummet 71% in total since its IPO in April 2014. Cambian's finance director left after the first profit warning.
February 22, 2016

Mediclinic completes Al Noor deal

South Africa’s Mediclinic has finalised its reverse takeover of Emirati rival Al Noor, outbidding local chains VPS Healthcare and NMC. The new group will have pro-forma sales of around US$4bn for the year ended March 31, 2016, operates 73 hospitals and has over 10,000 beds. The deal is valued at US$2.3bn.
February 19, 2016

Finland’s largest ever healthcare property deal

Finland’s largest ever healthcare transaction has moved the property spotlight to the Nordics. Fund manager, Northern Horizon, sold 27 care homes with more than 1,000 beds for €155m to a fund managed by local investor eQ. Northern Horizon’s head of Finland, Jussi Rouhento, told us multiple institutional investors from central Europe made enquiries.
February 19, 2016

GHG boosts profits, opens outpatient centres

Georgia Healthcare Group (GHG), which dominates the Georgian healthcare market, saw net profits for 2015 soar 78% year-on-year to GEL 23.6m (€8.5m). Sales also grew by 22.5%, to GEL 242.7m (€87m), reflecting a buoyant and increasingly state driven market. GHG’s CEO, Nikoloz Gamkrelidze, revelled in reaching 30% EBITDA margins ahead of time and now wants a third of the market by sales.
February 16, 2016

Interview: Dr André Schmidt, CEO, Median

Merging Median and RHM has created Germany’s largest rehabilitation network with sales of €700m in 2015. André talks about his vision of creating optimised clinicial pathways which span acute care through to inpatient rehab and on to outpatient care and ehealth wearables. Andre is speaking at the Healthcare Business International 2016 conference on April 26-27 in London – click here to see the agenda.
February 16, 2016

Primary Health Properties targets Ireland

The UK primary care REIT, Primary Health Properties (PHP), plans to invest between €100-150m in Irish primary care real estate beginning this spring. Managing director Harry Hyman told us that yields are higher than the UK and the statutory payer covering 60-75% of rent reduced risk. PHP’s total pipeline is £140m with £41m in Ireland.
February 12, 2016

Aster DM reaffirms IPO pledge

The chairman and managing director of Aster DM, a diversified healthcare group spread across the Middle East, India and the Philippines, says it will IPO in India this year. A public listing has been expected for over a year now. Dr Azad Moopen also announced Rs 250 crore (US$37m) of investments in three Indian hospital projects in 2016.
February 12, 2016

Apollo continues to diversify

India’s largest hospital group, Apollo Hospitals, has launched a national reference lab in Hyderabad and announced plans to open 200 more labs and 1,000 collecting centres in the next five years. The subsidiary, Apollo Health and Lifestyle, will invest between INR 150 crore (US$22m) and INR 200 crore (US$30m) predominantly in tier 2 cities
February 12, 2016

FREE BLOG East Africa – plenty of opportunity

Until recently, East Africa was too poor to attract substantial foreign interest apart from donor funding. There are just too many opportunities elsewhere for global healthcare players. But this is changing.
February 11, 2016
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