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Ribera Salud sheds half of its management team at Alzira hospital

Ribera Salud has reduced from 22 to 13 the number of directors in Hospital de la Ribera, Alzira, in the Spanish region of Valencia. Trade unions say they were forced to report on the issue due to increasing unrest among workers. They estimate that shareholders Centene and Sabadell will be sparing “a million euros” in management payrolls.
October 19, 2015

Numerix buys imaging data company

French imaging medical services group Numerix which specialises in servicing and providing X-ray machines to private sector radiologists has bought Global Imaging On Line, which handles imaging data. CEO Dider Sensay says he expects the acquisition plus investments to come to €12m for GIOL which has sales of €10m a year. Next step could be a big data acquisition.
October 16, 2015

Retirement communities and health insurance to boom among China’s wealthy

No fewer than 70% of richest Chinese are interested in retirement communities, 80% have health insurance, but they still shun private hospitals, according to a new study commissioned by Taikang Life Insurance from Hurun Report which specialises in researching China’s new wealthy. Taikang itself plans to establish a chain of elderly care communities nation-wide.
October 16, 2015

Trouble at MC Groep Lelystad cardiology department

All four of the cardiologists at MC Groep’s Lelystad hospital are absent from work following an unpopular move to outsource cardiology work to rival chain Cardio Centra Nederlands. MC is the largest (well, actually the only) hospital privatisation group in the country.
October 16, 2015

Georgia Healthcare Group to IPO in three weeks

The Republic of Georgia’s dominant private healthcare operator plans to list on the London Stock Exchange in the first week of November 2015. Talking to Healthcare Nova, Georgia Healthcare Group CEO, Nikoloz Gamkrelidze also confirmed it expects to raise $100m in the primary listing and a secondary listing may follow. The money will be spent on 20-30 new ambulatory care clinics and renovating two hospitals in Tbilisi, as Georgia continues its journey towards universal health coverage before next year’s election.
October 16, 2015

Aster DM ups stake in Saudi group Sanad Hospital to 97%

While rivals Al Noor, Mediclinic and NMC Health are engrossed in a bid war, Aster DM also wants to strengthen its presence in the Gulf states. It has bought an additional 57% stake in Saudi group Sanad Hospital, taking ownership to 97%, for $245m (AED 900m).
October 16, 2015

MPT and AXA scoop Policlinico di Monza

We hear that the American healthcare REIT Medical Properties Trust (MPT) is buying the real estate of the Italian hospital group Policlinico di Monza. The deal is for eight hospitals with an estimated value of €175m. The Italian daily Il Sore 24 Ore reports that a major French investor is purchasing the property, which is likely to be AXA REIM who is involved in a partnership with MPT.
October 16, 2015

Newly branded Avivo Group plans $300m expansion across five Gulf countries and 2017 London IPO

Pan-Gulf expansion could be the new business model for big private operators. We talk to Amitava Ghosal, the CEO of Avivo, the new name for Healthcare Mena, the operator backed by private equity house Al Masah Capital about his plans. He wants to expand out of the UAE and Kuwait and into Qatar, Oman and Saudi Arabia with a specialist outpatient clinic chain. Future steps include hospitals and SE Asia.
October 16, 2015

Eurofins could lose tens of millions of revenue

Having taken control of reference lab Biomnis, Eurofins, the fast-growing, listed international lab group, is waving a massive peace sign at other diagnostic lab players in France with the suggestion that they could “co-invest” in the groups. But will they go along with this? Or is Eurofins likely to lose a huge slab of sales?
October 16, 2015
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