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More pressure for Labco

Marisol Touraine, the French Minister of Health and Social Affairs, has put a big obstacle in the path of the sale of lab group Labco. She announced earlier this week that she would present a new law in January to the National Assembly, addressing the concerns expressed by biologistes (pathologists), who are up in arms over increasing market liberalisation. Meanwhile, out of current bidders for the company, Labco management is said to prefer Cerba and Unilabs.
November 29, 2012

Icade Sante raises more money

Healthcare property is all the rage with French institutional investors. Icade has just raised €110m for its Icade Santé fund, hot on the heels of a €500m sale-and-leaseback hospital deal.
November 29, 2012

New image and strategy for French regional hospital group

Club de 15, the national association of regional French hospital groups, has changed its name to Cite Santé. Despite superficial appearances, association director general Jeremy Corbineau denies that its members plan to carry out a complete merger of their activities. Such a merger would create a business with sales of €3bn. Instead, Corbineau says that the plan is to make the association less of a talking shop, providing more concrete services to members.
November 29, 2012

German privatisation pipeline looks more like a garden hose

Pickings look thin in the push to privatise German hospitals, despite a recent win for market-leader Helios. Most attention right now is on the company's continuing battle with Sana for a contract for a 350-470 bed hospital at Bieberach.
November 29, 2012

Largest private hospital in Bulgaria for sale

Tokuda, the largest private hospital in Bulgaria - in fact, the largest in all of the former Warsaw Pact countries - is for sale. The 1,000-bed facility has a contract with the national health insurance fund.
November 16, 2012

Slovakian pharmacies may lose bonus

The Slovakian Ministry of Health could deal a blow to pharmacy chains as it considers legislation to cancel rebates for customers. The ‘bonuses’ paid 50/50 to patients and insurers for prescription medicines - at the discretion of pharmacies - could be cancelled by the left-wing-led government. We talk to Martin Danko of Penta Investments to find out more.
November 15, 2012

Lukewarm for Labco

French lab group Labco has received about half a dozen offers in its first round. But none are thought to be anywhere near the €1.2bn that 18% shareholder 3i is said to want. EQT, which triggered the process with an unsolicited approach this summer, hasn't bid. Potential buyers tell us that Rothschild has conducted a rather "lackadaisical process" so far.
November 14, 2012

German ambulance market opens

The €2.8bn German ambulance market is up for grabs following a 2010 European court ruling. Falck, the largest private provider of ambulance services in the world, reports that it is seeing big opportunities in the country following the decision banning German municipality's practice of handing no-bid contracts to favoured not-for-profits.
November 9, 2012
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