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Medical Properties plans more deals in Europe

Medical Properties Trust (MPT), the US healthcare REIT specialising in hospital property, is scouring Northern and Western Europe for deals, following its purchase of the property portfolio of RHM Kliniken. We take a look at its strategy.

Interview: Kristof Jacunski, Partner, TOM Investment Group

Origin Active Lifestyle Communities, a Canadian group that manages housing and care facilities for seniors, is entering the Polish market. Founder and CEO Neil A. Prashad expects to build the first of its communities on Polish soil within the next two years, at a location near Warsaw, at a cost of PLN 50-80m (€12-19m). The Warsaw community will feature 110-150 housing units, a day care facility, and a nursing care home. Residents will fund themselves by paying out-of-pocket. Origin has partnered with Austrian and Polish investors to execute the project. We interview Krzysztof Jacunski, Partner at Polish backer TOM Investment Group – one of Origin’s investors - to find out more about the motivation behind the venture, the state of the Polish market and Origin’s business strategy.

Zoltan Fuzesi joins KPS Diagnostics

Zoltan Fuzesi, the former Director of Strategic Corporate Development at imaging services group Euromedic, and the man who implemented its quick-fire M&A growth, has landed at KPS Diagnostics, one of the new breed of genetic testing companies.

BMI improves with hope on the horizon

UPDATED - Following our interview with Stephen Collier, CEO of BMI, shares in Netcare, the South African hospital chain that owns General Hospital Group, the UK's largest hospital chain, which trades as BMI, rose 2.4% to ZAR 2,468 (€181) on full-year results that saw sales rise 10% to ZAR 27.8bn (€2.03bn), with adjusted earnings per share ahead 25% at ZAR 1.42 (€0.10), thanks to strong South African performance. Sales at BMI, however, rose just 2% to £851m, with EBITDA at £65.4m before exceptionals, and EBIT at just 0.7%, nonetheless reversing previous losses. A fall in private patients was outweighed by treated more patients from the NHS. There is also increasing hope that the UK's Competition Commission may have to rethink its highly critical findings regarding the group, which could see BMI forced to divest no fewer than ten hospitals.

Korian/Medica merger to create new care giant

Europe's - and, by some measures, the world’s - largest nursing home group, with pro-forma 2012 sales of €2.2bn, 57,000 beds and 600 units, has been formed by the planned merger of French giants Medica and Korian. What are the real synergies between the companies, and what will be the merged group’s strategy? We take a look, while Korian CEO Yann Coleou, who will be the CEO of the merged group, is speaking at the annual Healthcare Europa conference on March 13, 2014.

Interview: Dag Andersson, CEO, Diaverum

With close to 300 dialysis centres in 19 countries, Diaverum's Dag Andersson claims to run “the most global healthcare service in the world”. The company is majority-owned by private equity house Bridgepoint, which hired JP Morgan in January 2013 to review the company's strategic options. We speak to Andersson about Diaverum's future.

Landlord to evict Biomnis

On top of all of its prior problems, troubled French reference lab group Biomnis, now owned by private equity group Ardian, faces the loss of its Lyons premises. The group - which, together with Cerba, is one of the two big traditional French lab chains - is going through a painful restructuring at its Paris and Lyons sites, and is narrowly avoiding bankruptcy at the end of 2012.

No movement yet from Spanish banks

Spanish banks hold the keys to many of the top ten care home groups in Spain. So, does the European Central Bank's audit mean that they will be selling them off soon?

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