Marc Attia who hols over 10% of Generale de Sante, the largest French hospital group, says he wants to buy the company. He could scupper the €17 a share bid from Ramsay Healthcare.
Aldagi BCI, the Bank of Georgia’s private medical insurer and the country’s largest hospital chain, has been snapping up stray hospital groups in strategic areas seemingly unopposed. Meanwhile, Turkish healthcare giant Universal Hospital Group – who once pledged $150 million to buy five Georgian hospitals – has angered locals and failed to come good on investment promises. Georgia is the only country in Europe to embark on the wholesale privatisation of its public hospital network.
Within the EU, more than 12m people are alcohol dependent, which costs €66bn a year in healthcare and crime costs plus a further €59bn in absenteeism, unemployment and early deaths. Yet some treatments claim to enable 75% of patients to achieve their goals.
After six years of recession, what are the prospects for the elderly care sector in Spain? Many operators, particularly the largest, Grupo SAR, are seeking new models to create a market. They point to a possible step down sector and even the Alzira Model as the basis for growth over the next decade. But for […]
Life is changing for two highly-indebted Spanish care home groups. Sanyres says it will not be able to pay its debts from mid-August 2015 and one of its largest investors, Catalunya Bank, which owns a third of the company, is being auctioned off. Meanwhile, Grupo Amma has reduced its debt, which stood at €130m, by selling and leasing back its properties.
Acadia, which is the second largest player in the USA behind Universal Health Services (which operates in both the acute and the psychiatric care sector) plans to consolidate the UK market. CEO Brent Turner says the UK is particularly attractive as PiC’s UK margins are some 500 basis points higher than Acadia’s. The deal is earnings accretive immediately. Acadia says that in 2013 PiC had sales of $285m and an adjusted EBITDA of $75m.
Franco-Belgian lab chain Cerba European Lab, where PAI has a majority stake, has carried out a bond issue to buy French regional lab chain JS Bio Selas. Meanwhile it has denied rumours that its Luxembourgoise lab Laboratoires Ketterthill is for sale. We look at the price it has paid and at Cerba’s European strategy.
There are plenty of indications that private equity is running scared of overpaying for healthcare service assets. This could lead to a spate of IPOs. The big buyers this spring have been stock market quoted groups.
Mesa Medical, the entrepreneurial multi-vendor service outfit, has set up a joint venture with Curagita, Germany's largest imaging service provider. The move follows similar deals between Mesa and Euromedic and Alliance Medical and marks its introduction to Germany.
A few weeks back we blogged on the potential of wellness, the vast new hinterland which is rapidly opening up as individuals seize responsibility for their own health. Vitalia, the Spanish day centre franchise chain, is a fine example and we have just interviewed its founder Catalina Hoffmann.
Healthcare Business International users cookies to improve the functionality, performance, and effectiveness of our communications. Detailed information on the use of cookies is provided in our Cookies Policy. By continuing to use this site, or by clicking "I agree" you consent to the use of cookies.
