Life Healthcare is the last of the Big Three South African hospital groups to invest in Europe. It has just bought Scanmed, a small regional hospital group in Poland. So why, after scouring the developing world for three years, has Life settled on Europe? We talk to Lowick who has been with life since 1997 and who heads up its international expansion plans.
Turkish medtech group and stent manufacturer Alvimedica appears to have purchased a large empty private hospital in Croatia owned by entrepreneur Marin Bosotina who runs reagent distributor and lab group MC Analyza. Alvimedica plans to develop a centre of excellence in cardiology for the region.
As forecast here, regional French hospital chain Medipole is to merge with Medi-Partenaires, in a reverse takeover which will create the second largest chain in France with sales of around €1.1bn. Private equity house Bridgepoint is behind the deal. But why would anyone want to invest in the French hospital market?
Orpea, Europe’s second largest nursing home group has moved into Germany with the acquisition of Silver Care, an unconsolidated operator with nearly 6,000 beds, from French private equity house Chequers Capital for cash. Observers were surprised by the speed of the deal. We talk to Orpea president Jean-Claude Marian.
The Dutch government’s plans to allow foundation hospitals to pay dividends to investors has been shelved. A report on Slotervaartziekenhuis, one of just four Dutch hospitals to be privatised, is likely to be enough to bury such measures for the next 3-4 years.
As forecast here, Apax and Nordic Capital, are preparing to float or sell Capio, the Pan-European hospital chain with facilities in Sweden, Germany, France and a psychiatric unit, Capio Nightingale in the UK. Separately, Capio is preparing to sell its French properties.
Hopes that the corporate subscription healthcare model in Poland could quadruple to €8bn have faded. Our sources say that an awkward silence suggests that we won't see action before 2015 elections.
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