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First Russian hospital group to float on London stock exchange

Russia's second largest hospital group, MD Medical, is to float on the London Stock Exchange in October, with the aim of raising $150 million. We have interviewed CEO Elena Mladova (see interviews) on the business model and its customers. Here we look at likely valuations.

Interview: Elena Mladova, chief executive, MD Medical Group, Russia

MD Medical Group - the second-largest private provider of healthcare in Russia - specialises in obstetrics and gyaenecology, as well as paediatrics under the Mother and Child brand. We talk to CEO Elena Mladova about patients, MD’s business model and the size and growth rate of the Russian market.

Dutch primary groups to merge

By far the largest for-profit primary care group in the Netherlands is to be created. Dutch private equity investor NPM Healthcare is merging its Arts en Zorg chain with ZorgPunt, owned by insurer Menzis and private equity house Reggeborgh. The combined group will have 150,000 patients. So, how is primary care delivery set to change?

Surpluses in Germany

While the individual German krankenkassen are enjoying surpluses right now - collectively sitting on €22 billion - the central health fund that allocates money to all of them ran a €500 million deficit in the first half of 2012.

PPPs to end in Portugal

PPP hospitals, in which the private sector delivered all medical services, are set to become a thing of the past in Portugal. The partnerships, on which the state spent €228 million last year, have been criticised as a means of “disguising” public deficits and have proved to be poor business for the private partners. The Troika, meanwhile, does not look upon them favourably.

Psychiatry moves towards payment by results in the Netherlands

Dutch insurers like Menzis are pushing hard for the implementation of patient monitoring systems, threatening 5% tariff cuts if targets aren’t met. This is after a 10% cut - equal to €600 million - to the country’s psychiatry budget this year, potentially resulting in the loss of 9,000 jobs in the sector and reduced capacity to treat patients, according to the GGZ, which represents the providers in this entirely private market segment. The insurers are pushing for payment by results.

Innova plans obs and gynae chain

Polish public-sector healthcare continues to open up to private equity, as Innova Capital buys gynecological and obstetric hospital Ujastek in Cracow.

A Facebook for patients: the Holy Grail?

A Facebook for patients: the Holy Grail? We talk to Dr Mohammad Al-Ubaydli, the founder of Patients Know Best, a cloud-based system that allows patients to aggregate and share their medical data with medics and others. The system appears to have achieved lift-off, with tens of thousands of users across the UK and the USA. Al-Ubaydli claims that over 90% of patients offered the service take it up. Meanwhile, Patients Know Best is preparing for 2013, when it will roll out its service to a county of 1.6 million people in the UK. To top it all off, Al-Ubaydli is now looking for capital to make the leap abroad. So, how has he succeeded where Google, Microsoft and the NHS have failed? And how will this enable the development of new business models?

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