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Risebrow to help companies sell to the NHS

Hugh Risebrow, the former UK managing director of lab group synlab UK and former commercial director at Guy’s and St Thomas’s NHS Foundation Trust has become CEO of UK consultancy Latchmore Associates. He hopes to help healthcare service companies set up base in the UK and to sell their services to the NHS.
September 11, 2015

Interview: Dr Mark Kurtser, chairman, MD Medical Group

Shares in MDMG, the largest Russian player in obs, gynae and paediatrics have crashed 70% since its listing on the London Stock Exchange in 2012, yet there doesn’t seem a lot wrong with the half year results with sales up 36% at RUB 4.52bn ($70m) and EBITDA ahead 29% at RUB 1.25bn ($20m) in the first half of 2015. Kurtser, once chief obstetrician and gynaecologist of the city of Moscow and the go-to-doctor for the Russian elite, has built the business from scratch and still owns 68%.
September 11, 2015

FREE BLOG Proving private healthcare helps society

The concept of brand in private healthcare is changing fast. In most countries, patients still buy the doctor brand – the best local specialist - for their condition. They then go to the private hospital where that individual practices. In nursing homes, relations pick the local home with the best reputation and infrastructure – they are unlikely to buy because of the brand name on the wall.
September 11, 2015

FREE BLOG Falling currency spells doom for some

You’re running a hospital group in an emerging market and your medtech bill suddenly doubles, so does your rent and your debt. That is the reality for many Russian hospital groups after the currency halved against the dollar. Western medtech is vital and dollar-denominated debt and rents are common.
September 11, 2015

Italian care home chain Eukedos starts external growth phase

Eukedos's president, Carlo Iuculano, says he might merge quoted care home group Eukedos where he holds a majority stake with the larger La Villa chain, which he also controls. This would create a group with 38 nursing homes and 3,200 beds, the third largest after Korian and Kos.
September 11, 2015

Kenya adopts biometric identity as it rolls out universal health cover

Kenya is following Ghana in adopting a biometric fraud system offered by Genkey, a biometric identity management, through the National Health Insurance Fund (NHIF). The country’s president, Uhuru Kenyatta, pledged 25m Kenyans would be covered by the end of 2015. But how effective is biometric identity in stopping healthcare fraud?
September 11, 2015

Ardian to sell 47% stake in Kos for at least €235m

Private equity house Ardian is to sell its 47% stake in Italian care group KOS. The likely buyer is CIR, the conglomerate which holds a majority stake in KOS, although many private equity houses are also interested in the stake which has almost certainly got “drag along rights”. Those would enable any buyer to force CIR to sell if a bidder came along for the entirety of KOS.
September 11, 2015

Interview: Dr Mark Kurtser, chairman, MD Medical Group

Shares in MDMG, the largest Russian player in obs, gynae and paediatrics have crashed 70% since its listing on the London Stock Exchange in 2012, yet there doesn’t seem a lot wrong with the half year results with sales up 36% at RUB 4.52bn ($70m) and EBITDA ahead 29% at RUB 1.25bn ($20m) in the first half of 2015. Kurtser, once chief obstetrician and gynaecologist of the city of Moscow and the go-to-doctor for the Russian elite, has built the business from scratch and still owns 68%.
September 11, 2015

Pihlajalinna launches more JVs after IPO

Pihlajalinna, the Finnish healthcare and social services outfit, which recently IPOed with a market capitalisation of €255m, has struck a third joint venture with Finnish municipalities to outsource health and social services. Finland is likely to open up even more to the private sector under the current government.
September 11, 2015
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