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Private insurers hit Spire and its competitors

Shares in UK hospital chain Spire, where Mediclinic has a 30% stake, dived over 10% on warnings of a drop in private medical insurance business in the four months to October 2015. Spire also faces problems on the NHS side of its business with likely tariff cuts and a collapse in local contracts in the four months to October. Self-pay is also off. What are the ramifications for other players?

€40bn more? Don’t count on it!

Reforms proposed by German health minister Hermann Grohe would lead to an overspend of €40bn, according to experts. Whilst our contacts in the hospital sector fear the money won’t materialise, there is little doubt that the German private sector remains feather-bedded. Although the migrant influx is leading to headaches...

Korian grabs Casa Reha

Korian continues its German expansion and buys the third largest German nursing home group Casa Reha for €300m. This acquisition is a success ‘on paper’ according to analysts, but the group must be careful to not overly rely on external growth.

KIMS & Saket City up for grabs

The Kerala Institute of Medical Sciences (KIMS), a network of hospitals and outpatient centres in South India and the GCC, is for sale. Big national players are also eyeing up Saket City Hospitals in Delhi.

Falck enters Switzerland

The diversified healthcare provider Falck has taken a majority stake in the ambulance provider, Käch AG, and the patient transport business, MoPi.ch. A price was not disclosed. The acquisitions will form a base to grow in the fragmented market, says acting CEO of Falck’s emergency services, Poul Mortensen.

Spanish elderly care group Sanyres for sale

Banks Kutxa and BBVA have stated that they will sell Spanish elderly care group Sanyres in 2016. Sales were a mere €57m in 2014, but frenzy in the market has built up after Geriatros sold to PAI Partners at 10-12 times EBITDA in July 2015. Analysts anticipate similar rates for Sanyres. The next groups in line are La Caixa-owned Amma and private equity-owned SARquavitae.

Gimv invests €12.5m to expand Equipe Zorgbedrijven

Private equity house Gimv has bought a minority stake in Equipe Zorgbedrijven, a Dutch outpatient clinic chain. Gimv, which has also invested in French hospital chain Almaviva Santé, will be running the expansion alongside CEO Jak Dekker and two of the founding surgeons. We talk to Gimv's healthcare specialist Elderd Land.

Huge market for genetic testing in India

Arranged marriages and caste separation are driving inherited disease in India, says Sam Santhosh, the CEO of MedGenome which claims to be the country’s biggest genetic laboratory group. MedGenome expects to double sales in 2015 and claims its prices are a quarter of those charged in the USA.

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