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G Square finds a buyer for Artemis

G Square, the only specialist Pan-European healthcare fund has successfully sold Artemis, its German ophthalmology chain to Montagu Private Equity. Its Swiss dentistry chain is also for sale.

Mediclinic reverses strategy and swoops on Spire

Mediclinic, the big South African hospital operator, has snapped up a 29.9% stake in Spire, the UK’s second largest hospital group for £432m. The move which might have pre-empted US buyers, surprised analysts, who said that as recently as February 2015, Mediclinic management was saying it had no plans to invest in mature, developed markets. Shares in Mediclinic at ZAR 10,317 are up just 3% on the announcement of the deal. Meanwhile, talks between Netcare, the largest South African group and Mater Private, the second largest Irish player, have collapsed.

Cinven’s €3 billion bet on labs

Cinven has placed a €3bn bet on the European diagnostic laboratory space, by agreeing to pay a higher than expected €1.85bn for synlab Group, a multiple of just over 12 times current EBITDA. It will combine synlab with Labco to create a truly Pan-European lab group with pro-forma 2014 sales of just over €1.4bn, nearly twice that of its nearest rival. But why bet €3bn on a sector where tariffs are falling and operators have no control over pricing? And could the French authorities block the deal?

Mediclinic reverses strategy and swoops on Spire

Mediclinic, the big South African hospital operator, has snapped up a 29.9% stake in Spire, the UK’s second largest hospital group for £432m. The move surprised analysts, who said that as recently as February 2015, Mediclinic management was saying it had no plans to invest in mature, developed markets. Shares in Mediclinic at ZAR 10,317 are up just 3% on the announcement of the deal. Meanwhile, talks between Netcare, the largest South African group and Mater Private, the second largest Irish player, have collapsed.

San Donato expands to Dubai

Italian hospital chain San Donato is expanding to Dubai, says the group's president Paolo Rotelli.

FREE BLOG Chinese whispers may explain why new fads fail

Why are new ideas like lean, total quality management and business process re-engineering so talked about and so little practiced in healthcare services? I stumbled across an amusing paper – Pseudo-understanding: an analysis of the dilution of value in healthcare - which might explain why.

Zoom-zoom – the Chinese lab sector

Hospital outsourcing is one factor behind the meteoric growth of the Chinese lab sector. We give an overview of the sector and look at the drivers for growth.

Turkey’s hospital PPP programme will fail

Turkey’s massive PPP schemes for new hospitals, worth over €10bn, are already behind schedule. We talk to experts who reckon they could take a further 10-15 years to get off the ground. There is a strong chance that it will fail completely.

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