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SHL Telemedicine buys almeda

Listed Israeli telehealth provider SHL Telemedicine has purchased German player almeda GmbH. Does this indicate accelerating action in chronic disease management, a market that has, for years, made big promises but failed to deliver big numbers?
July 9, 2013

Erbudak accused of embezzlement

Slotervaart Hospital, one of three privatised hospitals in the Netherlands, is in deep trouble. Minutes of a board meeting leaked to Dutch newspaper Parool reveal that bank ING has halved Slotervaart’s credit facility, from €52m to €28m, while the hospital is forecasting a net loss of €5m in 2013 after a €2.1m loss in 2012. Meanwhile, co-founder and entrepreneur Aysel Erbudak, still suspended from the board, has been accused of embezzling funds from the hospital.
July 9, 2013

Italian procurement remains divided

New, more efficient ways of healthcare procurement are being resisted by the fractious regional politics of Italy. There is still a highly fragmented system for procurement, despite growing pressure on the healthcare budget. We speak with Gabriella Racca of the University of Turin to find out more.
July 9, 2013

UPS expands pan-European logistics

UPS has recently bought CEMELOG, a Budapest-based logistics hub specialising in medtech and pharma. We talk to Daniel Gagnon, Director of Healthcare Logistics & Strategy for UPS Europe, about the company’s strategy and the impact on distribution and healthcare services.
July 9, 2013

Winners for Madrid hospital contracts

The winners of the ten-year contracts to run six of Madrid’s public hospitals have been announced. The administrative concessions - under which private operators will run the hospitals covering over one million people as well as co-funding capital investments with the Madrid region - have been controversial, drawing protests from the public and loud complaints from hospital providers. Who are the winners? Why did market leader IDCSalud (formerly Capio Sanidad) not bid? What does this mean for embattled operator Ribera Salud? And why are Puerto Ricans suddenly interested in Spain?
July 9, 2013

NHP appoints advisors

NHP, the UK property company (propCo) that owns the estate of second-largest care home operator HC-One, is looking for investment bank advisors. NHP’s estate of 297 care homes on freehold and long leasehold and three nurse accommodation homes has been valued at £530m, less than half of its current debt load of £1.35bn. What will NHP do to keep the business going? We investigate.
June 29, 2013

B Braun threatens to take Rhoen to court

B Braun, the German medtech company with a 5% stake in Rhoen Klinikum, has threatened the hospital operator with a lawsuit. This is fallout from Rhoen’s annual general meeting (AGM) earlier this month, when shareholders voted to lift the 90% acceptance threshold requirement for any takeover of the company.
June 29, 2013

Unilabs fails to get bond issue away

Apax-backed Swiss diagnostics operator Unilabs failed to launch a €685m bond issue on June 13. The company says that it plans to return to the markets, blaming the initial failure on a general market downturn.
June 29, 2013

Al Noor makes troubled offering

Abu Dhabi-based hospital and clinic operator Al Noor has listed on the London Stock Exchange. The group runs three hospitals, two satellite clinics offering a mix of ambulatory and overnight beds and a family care clinic. Al Noor earned EBITDA of around US$70m on sales of $324.4m, for a net profit of $60.5m in 2012. This is up 11% from 2011 sales of $292.9m, with net profit up 19% from $50.8m. The group has a 35% share of Abu Dhabi’s private outpatient market and 39% share of its inpatient market. So how did the float go?
June 29, 2013

MediGroup is Serbia’s first big chain

Blue Sea Capital has made a third acquisition in Serbia ahead of the launch of MediGroup, the first big branded healthcare chain in the country.
June 29, 2013
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