The French are queuing up to buy Poland’s largest care home operator say several sources. That should put a rocket under the Polish elderly care market.
Emirati healthcare chain NMC Health is buying a 51% stake in Fakih IVF, one of the largest fertility groups in the country in a dramatically high valuation. The announcement came on 24 November 2015, one week after NMC formally withdrew from the Al Noor bid against Mediclinic.
Jos de Blok, CEO of the Dutch homecare group Buurtzorg, has announced that he will enter the statutory health insurance market in 2017 with lauch details on December 6. Four big insurers - Achmea, VGZ, CZ and Menzis – have 90% of the market. Sources say there have been no successful new entries for 34 years. Could Jos de Blok break the curse?
With just six homes and 1,000 beds Orange Valley, owned by KV Asia Capital, is Sinagpore’s largest private nursing home group. Here is an interesting interview with its CEO in the Business Times. http://www.businesstimes.com.sg/hub/enterprise-50-2015/nursing-home-provider-rides-the-silver-tsunami
Hong Kong outpatient clinic network UMP Holdings plans to IPO for up to HK$404m ($53m). Bigger rival Fullerton has unveiled plans for a US$400m IPO. The race is on to build really large outpatient clinic networks across South East Asia.
Malaysia is trying hard to attract more healthcare travellers from the Gulf Cooperation Council. In total Malaysia claims to have attracted 880,000 from around the world in 2014 and wants to hit 1m by 2016. To appeal to GCC citiziens, it is offering total Halal treatments.
Highly acquisitive Q&M Dental Group is to spin off Qinhuangdao Aidite High Technical Ceramic Co., a dental materials manufacturer, and list it on mainland China’s New Third Board in Beijing. Q&M has 51% stake in Qinhuangdao.
Four Seasons is the latest big British nursing home group to hit problems. It should make its December debt payment, but will run out of money by June/July 2016, say our sources. Guy Hands, the high profile boss of owner private equity investor Terra Firma, faces critiicism.
Colombian e-health project Axon is convincing health insurance companies to contract chronic disease management with them. It has already taken on anticoagulant and oxygen therapy with patients referred from the public system. We speak to medical partner Carlos Augusto López about the challenges in the sector and future plans.
Wage hikes, old buildings and low tariffs spell disaster. But there could be a silver lining after 2020 – if anyone is left alive in the publicly paid for residential care sector.
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