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Norwegian private hospitals refuse to participate in free choice reform

Launched in November 2015, health minister Bent Høie’s reform aims to reduce waiting times, increase patient choice and incentivise public hospitals. But there is a problem. Several large private hospitals group are refusing to participate –saying payments are too low.

Christus deal first of many in Colombia

Texas healthcare group Christus Health is investing $35m in Coomeva, the second largest payor in Colombian public healthcare as well as some provision. It will pump cash into Coomeva's faulty insurance operation and grow its provider network once the sector liberalizes in 2016. Industry expert Carlos Felipe Muñoz thinks that this is the first of many deals as the sector opens up to foreign private investment.

Rhoen/Asklepios and German hospital prospects

German hospital operator Asklepios increased its stake in rival Rhoen-Klinikum from 15.25 to 17.6% in December 2015. Does this mean a bid is imminent? What progress has Rhoen made at Universitätsklinikum Giessen-Marburg University (UKGM)? And what impact will planned DRG hikes have on private sector growth?

Acadia buys Priory Group for 11.3 times EBITDA

Acadia, the big US pyschiatric group, is to buy Priory Group, by far the largest psychiatric player in the UK, in a deal which values Priory at $2.219bn. There are suggestions that this could lead to a referral to the Competition and Markets Authority. Priory owner Advent International was planning a February 2016 IPO. We look at the valuation and competition issues.

Abu Dhabi wealth fund invests in French hospital group

Investors are still willing to invest in French hospitals, despite cuts in tariffs. Vivalto Santé, the fourth largest group, has been bought by a consortium that includes Abu Dhabi’s sovereign wealth fund, Mubadala Capital and French insurer of healthcare professionals, MACSF.

Quiron to spin off propco

The private equity group, CVC Capital Partners, which owns Spain’s largest healthcare provider, Quiron, wants to hive off its 50 or so hospitals in a separate company. It then wants to sell 49% of the equity. We look at what it will fetch and why it adopted this approach. The deal, if it comes off, will be by far the largest property transaction in private healthcare in Spain.

NHI won’t hurt big three

South African analysts say the country’s proposed healthcare reform will not hurt the private sector. The National Health Insurance (NHI) white paper was released last week and proposes a radical restructuring of both the public and private healthcare systems. By 2025, the health minister wants one unified system. But critics say the policy is unaffordable and will be challenged by elites with private health insurance, including civil servants.

Finnish group Pihlajalinna expands clinic chain

Pihlajalinna, the recently listed Finnish healthcare to care chain, has bought Itä-Suomen Lääkärikeskus which owns six clinics across several towns in Eastern Finland. Pihlajalinna says the €6.8m is a net debt-free acquisition sum. The company will be added to Pihlajalinna's Dextra chain of clinics in the first quarter of 2016.

Temasek in pole position for CARE Hospitals

Singapore’s sovereign wealth fund, Temasek Holdings, is set to edge out a matching bid from Abraaj in the race for the Indian group CARE Hospitals, reports the Indian press. CARE’s private equity owners, Advent International, will sell its 72% stake for INR 1800 crore (US$270m), that’s a significant return on the INR 680 crore (US$105m) it paid in 2012.

SPS builds Swiss nursing home arm

Swiss real estate group Swiss Prime Site (SPS) is buying nursing home operator Senior Care from property and hotel operator Boas-Yakhin, in French-speaking Switzerland, for an undisclosed amount. That allows Tertianum Group, SPS’s operating arm in the assisted living sector that claims to be the largest Swiss elderly care provider by revenue, to expand its network nationally.

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