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Russia paves the way for private care operators

Russia is moving forward with policies to allow private players to enter the Russian nursing care market, says managing partner at Senior Group Russia Alexei Sidnev, who is deep in talks with the state. Russia spends around 30% of its government budget on social care. On top of that, it is estimated that the population of over-80-year-olds will double by 2020. Right now, just 1% of long-term care beds in Russia are private. Sidnev outlines five policy changes to Healthcare Europa.

Espirito Santo Saude to float in Lisbon IPO

Agro-tourism conglomerate RioForte and bank ESFG, who together own over 80% of Espirito Santo Saude, have announced plans to float 25%-40% of the company on the Lisbon stock market. ESS, the second-largest Portuguese hospital chain, has also announced plans to move into Angola.

Teknon fetches pretty price for Magnum

As forecast here in July, private equity house Doughty Hanson has paid a handsome price for Centro Medico Teknon, the top private hospital in Barcelona. Hanson will merge Teknon with its existing hospital chain Quiron, which is the largest in Spain. We name the price, the multiple and look at the rationale behind the deal.

Eldercare providers dashed on Polish rocks

With forty million people and rising GDP, Poland should be a massive opportunity for elderly care providers. So why have companies like Serenity and MCI.BioVenture’s Continuum failed? Where can profits be made?

UK hospitals win concession from Competition Commission

UK private hospital groups have won a ruling against the Competition Commission. In August, the Commission released a damning report on the hospital sector, suggesting that the three largest groups - NetCare-owned BMI, Cinven-owned Spire and HCA - be forced to divest 20 hospitals. Now, a tribunal has ruled that the Commission unfairly denied these groups access to data that would allow them to mount a defence.

Dutch hospitals to go for-profit

Will Dutch hospitals finally become investable? Observers believe that the Netherlands’ coalition government is preparing to pass landmark legislation allowing every hospital in the country to disburse profits to shareholders. We speak to industry sources about what to expect.

Report: International hospital chains – Ready for take-off?

In many healthcare service sectors, the big international consolidators hold a 20-50% share of the market. Hospitals have long been the exception, with international players holding well below 1% marketshare. Yet the recent success of IHH, Ramsay Health Care, Netcare and Mediclinic shows that investors are banking on international consolidation working in the private hospital sector as well. Are they right?

Finland liberalises elderly care policies

Patient vouchers and new intensive care units should drive private sector growth in the elderly care market in Finland. Based partly on an excellent report from Normacare, Healthcare Europa takes a look at the sector.

Continuum Care shuts down

Pioneering Polish elderly care operator Continuum Care has shut down after investor MCI Bioventures pulled its investment in July 2013. The company was set up by former CEO of Medicover, Agnieszka Szpara. Grzegorz Gromada at MCI had previously claimed that he expected patient growth of 50% per annum for “the next 10 to 15 years.” So what went wrong?

Irish private bed ceiling lifted

Irish private hospitals are bracing themselves after the removal of the ceiling on the number of private beds allowed in public hospitals. Observers think that this will force up the price of healthcare insurance. We also take a look at which private hospitals are coming up for sale.

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