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Norwegian private healthcare sector set to double in size by 2020

Although the regulation restricting private operators changed as far back as in 2000, private players have only started to play a role over the past two years. So why the sudden shift? Tom Tidemann, CEO of Unicare, says 11 years of socialist ‘red-green’ governments hindered the drive for a more commercial approach to healthcare. With a right-wing coalition in office, fair public-private competition can finally emerge.
August 21, 2015

Cygnet buys Alpha Hospitals for £95m

Private equity firm C & C Alpha Group (CCAG) has sold Alpha Hospitals to Cygnet Healthcare for £95m, as rumour spreads that another mental health provider will sell in the coming weeks.
August 21, 2015

Bahamas’ government plans national roll out of Babylon app

The Bahamas government is considering incorporating a bespoke version of the tele-health application, Babylon, in its national health insurance (NHI) service. James Cercone, president of Sanigest Internacional, a consultancy firm which is supporting the project, says the app could form an “essential part of expanding access to quality healthcare services especially to people in rural and island settings.”
August 21, 2015

Bupa growth strongest in emerging markets

The global healthcare group Bupa, experienced rapid growth in markets as diverse as Saudi Arabia, Hong Kong and Chile. It continues to make acquisitions across emerging markets, as well as launching new healthcare insurance products and distribution agreements. Global sales rose 7% to £4,916m from the first half of 2014, at constant exchange rates (CER), or 3% taken at actual exchange rates (AER). Underlying profit before taxation hit £253.3m, an increase of 2% at CER, or a fall of 3% at AER. In a wide-ranging interview, CEO Stuart Fletcher, spoke to Healthcare Nova about the results and Bupa’s future plans.
August 7, 2015

FREE BLOG What can we learn from Bupa’s results?

Taking a closer look at the strange and complex beast that is Bupa, may be intimidating, but it’s always worthwhile. With sales of almost £10bn a year, Bupa is larger than almost half the FTSE 100. In the siloed and slow-moving world of healthcare services, the results of this leviathan, present an opportunity to compare the performance of one company across countries, continents, sectors and sub-sectors.
August 7, 2015

UK care industry in “serious position,” says Bupa CEO

The CEO of Bupa, Stuart Fletcher, spoke of his concern for the UK care industry, after the latest half-year results revealed 10% fall in UK profits, despite a 7% rise in global revenue at constant exchange rates. Half year sales to 30 June, 2015 came to £4,916m, up 7% on the first half of 2014. Taken at actual exchange rates, sales increased by 3%.
August 7, 2015

UK care industry in “serious position,” says Bupa CEO

The CEO of Bupa, Stuart Fletcher, spoke of his concern for the UK care industry, after the latest half-year results revealed a 10% fall in UK profits. Sales rose 7% to £4,916m, at constant exchange rates, or 3% taken at actual exchange rates. Underlying profit before taxation hit £253.3m, an increase of 2% at constant exchange rates (CER), but a fall of 3% taken at actual exchange rates (AER).
August 7, 2015

NMC aims to become regional leader

London-listed UAE hospital chain NMC Health is to invest $325m into Qatar and Saudi Arabia in the next two years. Although the group acquired Spanish fertility clinic Eugin in February 2015, this announcement indicates NMC sees growth closer to home. Competitors Aster DM and Al Noor also have big plans.
August 5, 2015
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