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“Retailisation” of Italy’s private market poaches patients from the public sector

Italians are increasingly turning to the private sector for diagnostic tests, dentistry and outpatient specialists leading to a "retailisation" of healthcare. We talk to three of the largest of this new breed of operators to assess the emerging market. Italian patients today pay privately for 20 percent of their healthcare expenses, which amounted to a […]

Permira to build new imaging services provider

Private equity house Permira is backing a merger between Mesa Medical, a Pan-European supplier of third party maintenance and used imaging kit, and Asteral, which is the largest provider of managed equipment services around imaging equipment in the UK. The deal will alarm suppliers like Siemens, GE and Philips.

Lasik remains tough for Clinica Baviera

With a network of ophthalmology centres across Spain, German and Italy Clinica Baviera provides a useful litmus test for what is happening in ophthalmology and, beyond that. for general demand for non-essential surgery/dentistry paid out of pocket. Demand, particularly for laser treatment, remains weak.

Polish healthcare reforms play it safe

A triad of laws and amendments that will shake up Poland’s healthcare sector are on the brink of passing through the parliament under controversial Health Minister Bartosz Arłukowicz prior to the 2015 presidential elections. Speaking to Healthcare Europa, Pawel Kalbarczyk, an expert in Polish health care market, explained that Arłukowicz is trying to push through […]

Spire IPO disappoints

Could private equity owner Cinven and the banks behind the IPO of Spire - Bank of America, JPMorgan and Morgan Stanley - have done better? Spire, the UK’s second largest hospital group, floated at just 210p a share on 18 July 2014, valuing the group at £842m, at the bottom end of expectations. Earlier, there was talk of a range up to 300p. The IPO raised a gross of £315m and Cinven, which paid £1.4bn with debt for the business in 2007, is left with a 56% stake, having not exercised its right to sell any shares. A week on and Spire shares are trading at 213p.

Espírito Santo Saúde for sale

Lisbon-listed ESS, the second-largest Portuguese hospital group, to be sold as it largest shareholder, with 51% of the company, Rioforte Investments, is set to file for creditor protection, following the bankruptcy of its Luxembourg-based holding company Espirito Santo International SA.

Interview: Ahmed Badreldin, Partner, The Abraaj Group

No other private equity house can match Abraaj’s experience of investing in healthcare services in the developing world. A lead investor in Turkish hospital group Acibadem, which was then sold to IHH, the international hospital chain, Abraaj has rolled out a lab buy and build in Egypt, Africa and the Middle East, has recently started a similar play building a Pan-North African chain of hospitals and has also invested in half a dozen hospital and outpatient clinics across sub-Saharan Africa. Ahmed will be speaking at Healthcare Europa 2015 on April 28 in London.

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