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Will American REITs really invade Europe?

We’ve been promised that the giant American REITs would move into the European health and social care space in a big way for quite some time now. Will the moment ever come? While UK consultants are bullish, American investment analyst James Sullivan of Cowen & Co. thinks there’s reason to be skeptical.

Bridgepoint set to sell Terveystalo

Informed sources say that Finnish operator Terveystalo, one of the two largest players in the sector, is being put up for sale by private equity owner Bridgepoint. The company provides corporate wellness and occupational health services, outpatient clinics, medicalised homecare and inpatient hospitals across the country. Both Bridgepoint and Terveystalo declined to comment.

Russia turns to private sector to deliver public healthcare

The Russian federal government is pushing for more involvement of private operators in the delivery of statutory healthcare. The first tender for the functional privatisation of a public hospital and for private provision of ambulance services, both in Moscow, will go out this year. Meanwhile, as private healthcare grows at 12-15% per annum, providers are expanding beyond Moscow and thinking of new payment mechanisms.

FREE BLOG Why France and European payors need private, for-profit hospitals

Few politicians in France are prepared to say that the country benefits from having a large and dynamic private hospital sector. The Socialist government's plan to cut private sector tariffs further will, in fact, likely send the sector into a nose dive. This, despite the fact that the presence of a large for-profit private sector goes a long way towards explaining why France has one of the world’s very best healthcare systems. Without an active private sector, France would end up with something much more like the English NHS. Here’s why.

FREE BLOG Life expectancy and the 1970s kitchen

It has become a commonplace for economists to tell us that the pace of technological growth has slowed dramatically. Typically, they point out that the kitchen of the 1970s is almost identical to the kitchen of 2013, but vastly different from the kitchen of 1910. We just aren’t producing new stuff that people want as much (aside from the internet). I was struck by how untrue this is for healthcare.

All go in French lab space

Labco has changed its shareholder structure to accommodate 3i's demands and enable the business to be sold. Meanwhile, Cerba - one of half-a-dozenpotential bidders for Labco - has successfully launched a bond issue. As a backdrop to all this, a new law to be presented to the French senate is unlikely to stop consolidation: bad news for the country’s small biologistes, who have gone on hunger strike.

Global Health Partner’s second chance

The business model was ambitious: build a chain of holistic clinics across the world, each focused on a particular condition, and then demonstrate that you are the national best for back pain, orthopaedics or complex dentistry. But Swedish group Global Health Partner has conspicuously failed to deliver, with an EBIT loss after write-downs of SEK 50m on sales of SEK 138m in the first nine months of 2012. The share price halved over the year. We look at whether new CEO Marianne Dicander Alexandersson can turn it around.

Vertical integration way forward for telehealth

In telehealth, vertical integration is the way forward. So thinks Moonray Health, the healthcare arm of Fidelity International. It has just bought a majority stake in Wiltshire Medical Services, a British out-of-hours services provider to family doctors, and merged it with Telehealth Solutions, which provides telehealth technology. This model of integration will allow tech-challenged organisations to deploy telehealth painlessly. Moonray boss Tim Clover expects the UK government to incentivise payors to put 100,000 patients on telehealth, soon creating a market worth many tens of millions.

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