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Americans scour Europe

US property investors are getting much more adventurous. Some are considering investing in Greek and Spanish hospital groups. We look at why and how they will invest.

Vitaldent to hit Poland

Vitaldent, the big family-owned dentistry chain operating across Spain and Italy, has taken out a €100m loan with Intermediate Capital Group. The group plans to grow sales nearly 50% over the next five years to €650m. It plans to do this, in part, by entering Poland. We talk to Vitaldent adviser Reiner Loeslein about strategy and business models.

Interview: Stuart Fletcher, CEO, Bupa

It has been a busy year for insurer, hospital operator and care group Bupa. New CEO Stuart Fletcher is spending roughly £1.25bn to buy businesses in half a dozen countries across the world. That includes the planned acquisition of Cruz Blanca, a Chilean service provider and insurer, as well as the purchases of Quality HealthCare (a network of 102 outpatient clinics and 500 affiliates in Hong Kong), Richmond Villages (an assisted living business in the UK), LUX MED (the largest subscription healthcare operator in Poland), ten nursing homes in Australia, and dentists here, there and everywhere. All this is part of the Bupa 2020 master plan, which will see the world’s largest player in ex-pat insurance deliver far more integrated care. We talk to Fletcher to find out more.

What is the state of play with Amedes?

General Atlantic has instructed Goldman Sachs to consider options for big German/Belgian lab group Amedes. A simple sale, however, may not be on the cards. In fact, we hear that Amedes is still looking to make acquisitions itself.

MC bids for Slotervaart as Dutch hospital sector opens up

The Netherlands is on track to pass legislation enabling private investors to buy shares in the country's not-for-profit general hospitals, which provide almost all inpatient acute care in the country. Meanwhile, it looks as though Slotervaart, a privatised hospital whose shareholders have been fighting each other for months now, will be taken over by MC Groep, one of the first privatisation players in the country. We talk to Chris Van Den Haak, partner at BDO Netherlands, who has just written a report on the financial health of the Dutch general hospital sector. Are we about to see a tsunami of privatisation?

Hungary – healthcare reform paying off

Hungarian sources say that recent healthcare reform, pushed through by Minister of State for health, Dr. Miklós Szócska, under the Fidesz government, has succeeded in cutting costs substantially. Nonetheless, the government has upped healthcare expenditure ahead of elections in 2014.

Gorgeous Georgia is where the money is

A private hospital chain in Georgia, the Eastern developing nation, could be worth $400-580m (€295-430m) when it floats in London. We investigate.

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