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Asklepios plans expansion

Asklepios, the big German hospital chain, is sitting on €560m from its Schuldschein issue and would hav eaccess to other lines of credit. We talk to its owner, billionaire Berndt Grosse Broermann, about the sectors and geographies where Asklepios, 2015 revenue estimated at €3.15bn, plans to grow.

Hardens plans €500m imaging consolidation

Martin Hardens has quit German imaging consolidator and grouping Curagita to set up a Pan-European consolidation play in private outpatient diagnostic imaging. He plans to grow sales to €300m in five years.

Revolutionary health wallet app targets low income patients

M-Tiba, a ‘mobile health wallet’ aimed at low-income patients to spend on healthcare, is launching in Kenya. Created by PharmAccess Foundation and CarePay, it works in partnership with Safaricom, the largest mobile operator in the country with 25.1m users and 1,800 public and private healthcare services providers. We look at its possible impacts.

Abraaj puts the jewel in its crown

Global private equity house, Abraaj, which has US$9bn under management, has just bought a 76% stake in CARE Hospitals in a deal which sources say values the enterprise at 1850 Crore INR (around US$273m), capping an offer of around 1800 Crore INR (US$266m) from Temasek. Analysts say that Abraaj is paying around 17 times trailing EBITDA, which is less than the multiples of the large quoted groups. But what are its plans?

Satya exits Hygeia, Ciel takes up the baton

London private equity house Satya Capital is selling a 63.4% stake in Nigeria's largest hospital group Hygeia to Ciel Healthcare, the IFC, Swiss Re and the US Investment Fund for Health in Africa-II in a US$66.8m deal. The investment is likely to leave Mauritius-based Ciel, which is building a Pan-African chain, in control. Previous attempts to sell Hygeia in 2014/15 failed.

Sberbank Insurance targets PMI market

The insurance arm of Russia’s largest bank is targeting the private medical insurance (PMI) market, launching its first product this year. Sberbank Insurance’s CEO, Hannes Chopra, says the troubled market is ripe for disruptive innovation. Something it hopes to do in a new partnership with the outpatient group Doktor Ryadom.

Ambea grabs Solhagagruppen

Ambea, the big Swedish elderly/disabled care group is to buy Solhagagruppen in a deal which Ambea claims will make it the largest player in the disabled sector in Sweden. We talk to Ambea CEO Fredrik Gren about the deal, the Swedish market and Ambea’s strategy. Gren is speaking at our annual conference.

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