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MD Medical Group buying up Siberian fertility chains

The Russian maternal and child healthcare group, MD Medical Group (MDMG), has made two further acquisitions in Siberia. Medica is an IVF, obs and gyne provider in Novokuznetsk. ARTMed Group is Siberia’s largest IVF provider with five centres in Siberia’s four largest cities. Both deals are subject to approval by regulators. We spoke to MDMG CFO, Vitaly Ustimenko.
December 11, 2015

Centre for Sight to IPO

The eye care chain, Centre For Sight, is the latest Indian group to publish a draft red herring prospectus as it prepares to IPO. It hopes to raise INR 115 crore (around US$ 17 million) by issuing fresh shares and existing shareholders will sell another 2.54 million shares. A million shares worth INR 60 crore (US$ 9 million) may, however, instead be placed ahead of the IPO to undisclosed investors.
December 11, 2015

Alloheim snaps up Senator

The German care market is reaching new heights of consolidation after Dusseldorf-based Alloheim acquired Senator Group of Lübeck. A well-placed source says the price paid was a “rich one” at around 8-10 times EBITDA. The combined group will have around 15,000 beds. That would leave it in third position behind Korian and Orpea who have been expanding into Germany at breakneck speed.
December 11, 2015

UnitedHealth Group wades further into Brazilian mess

The US insurer, UnitedHealth Group (UHG), has bought Hospital Samaritano of Brazil through its local subsidiary, Amil Participacoes. The local press puts the deal at $350m. UHG now owns 32 hospitals in the troubled market. Analysts say UHG forecasts Amil’s sales to fall next year, but margins are better for operators.
December 11, 2015

KKR wins LGC

LGC, the UK specialist lab group has sold for around £650m to KKR, giving Bridgepoint a threefold return on its investment.
December 11, 2015

synlab buys in Romania and faces flight in Germany

Pan-European lab chain Synlab has bought the medical test laboratories owned by the local group Romgermed, its first deal since its acquisition by Cinven. Meanwhile, synlab in Germany has seen a flight of senior managers and laboratory doctors.
December 11, 2015

Aurelius to try and make money from domiciliary care

Aurelius Group, a listed Pan-European private equity house which specialises in turnarounds, has bought Allied Health, the UK’s largest domiciliary care provider, with sales of £282m in 2014 for £19m, with Saga chipping in a further £10m to the Allied pension fund. Saga wrote the value of Allied down to zero in January 2015. We talk to Tristan Nagler, Aurelius UK managing director, about what Aurelius saw in the business and review the sector.
December 10, 2015

BaltCap jumps on Estonian dentist

Estonian private equity house BaltCap is buying a 56% stake in the country's largest dental chain, Dental Invest Estonia (DIE). Martin Kõdar from BaltCap says the plan is to expand from general dentistry and orthodontics to new services like ear, nose and throat surgery.
December 10, 2015

Interview: Mark Britnell, Chairman and Senior Partner for the Global Health Practice, KPMG

Author of the recently published book In Search of The Perfect Health System, Mark has got through three passports in six years as he tours the world looking at healthcare systems. We talk to him about uberisation, telehealth, innovation in elderly care and the role of private healthcare providers as governments around the world roll out statutory healthcare insurance.
December 10, 2015
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