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Biggest private hospital in Athens for sale

Red Cross-owned Henry Dunant hospital, which claims to be the largest private hospital in Athens, is for sale. How tempting a target does it make at a time of severe crisis?
January 14, 2013

Orpea targets Belgium

Belgian newspapers say that French nursing home group Orpea is close to buying one of the top three nursing home groups in Belgium.
January 14, 2013

German nursing shortage will lead to pay rises

How bad is the German nurse shortage? Franz Wagner, CEO of the German Nursing Association and Director at the WHO, reckons that the nursing shortages are so bad as to have led to the collapse of the recruitment sector!  He expects pay to rise fast.
January 14, 2013

Interview: Jorge Gallardo, Chairman, Vithas

From what was once known as Adeslas has emerged Vithas, the fourth-largest private-sector hospital chain in Spain. Jointly owned by Goodgrower and la Caixa Group - in an 80/20 split - Vithas comprises 10 hospitals treating 1.5m patients, with sales of €196m in 2011. We talk to Jorge Gallardo, chairman of the Board of Vithas and managing director of Goodgrower.
January 11, 2013

ECI targets medical compliance with Citation deal

Private equity house ECI Partners has purchased UK compliance consultancy Citation. The deal values Citation at £50m, over three times its 2011 sales of £15.4m and 15.15 times its 2011 EBITDA of £3.3m. Citation provides employment and health and safety compliance services to small- and medium-sized enterprises (SMEs) across the UK. We talk to Richard Chapman, Head of Business Services at ECI Partners, to find out more about the compliance space, and why Citation could be a promising platform for a host of new legal services.
January 11, 2013

Jose de Mello wins PPP dispute

According to Pedro Pita Barros of the New University of Lisbon, Portuguese hospitals in total are owed €3bn by the state - with a lot of this burden falling on the private sector. But could a reprieve be on the way? A tribunal has awarded €18m to Jose de Mello Saude for payments owed during its management of the Amadora Sintra hospital, managed under a PPP arrangement.
January 4, 2013

Fraud police target private sector in Lombardy

In Italy, a corruption scandal in the region of Lombardy has exploded into the private healthcare sector. The Guardia di Finanza - the Ministry of Finance’s branch of the police force - is investigating staff and offices in private clinics in Varese, while in Milan regional director of healthcare services Carlo Lucchina has had his offices raided. Indictments handed down by the Italian courts have hit the heads of local Aziende Sanitari Locali (ASLs), the local-level purchasers of healthcare services, as well as clinic directors and politicians.
January 4, 2013

S&P downgrades GHG property debt

Standard and Poor’s has downgraded UK hospital group GHG’s property debt. But what does this really mean? How does this affect BMI, the hospital operations company (OpCo) renting from the GHG PropCo, and Netcare, the owner of 51% of both companies?
January 4, 2013

Synlab collars Collard

Synlab, the BC Partners-owned laboratory group, has acquired Laboratoire Dr. Collard in Belgium. Investment banking sources say that the group is still hoping for an IPO in 2014.
January 4, 2013
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