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HBI Spotlight

 

Is the PE tap being turned off?

Economic uncertainty could well mean a slowdown in M&A from private equity houses. Could we be facing a repeat of the dark days of 2009, and a halving of deal flow, or is there light on the horizon? HBI has been chatting with consultants and advisers over the last couple of weeks to see if there is a consensus.

EDG for sale, while Dentex sells

As exclusively predicted by HBI at the start of August, pan-European and dentist-led European Dental Group (EDG) is up for sale.

Veonet buys in Spain, looks abroad for expansion

HBI hears exclusively that large Germany-based ophthalmology platform Veonet is buying in Spain, and turning its attention generally to opportunities outside its domestic market.

Amazon to bet $12bn on health care

Amazon is among the bidders in the $8bn auction of AI/big data US player Signify Health. That comes just over a month after it bought loss-making US primary care chain One Medical for $3.9bn. The tech giant is also closing its existing telehealth arm, Amazon Care.

Ramsay rejects new KKR bid after poor results

The acquisition of multinational Australian hospital giant Ramsay Health Care by a consortium led by US PE firm KKR looks likely to fall through, as KKR lowered its offer almost immediately after Ramsay reported disappointing FY2022 results and Ramsay then rejected the new offer.

Netherlands to end free choice in health care

The Dutch government is seeking to end free choice within health care by removing the obligation on health insurers to reimburse care from any provider. The proposal is part of the cabinet’s plan to shake up the Netherland’s health care system, and will make it much harder for new entrants to compete with established providers. HBI chats with two market experts to find out more.

Ramsay deal at risk due to French connection

The US$15bn KKR acquisition of Australia-based Ramsay may not go ahead, owing to consistent problems with the hospital group’s French subsidiary. HBI chats to an Australian analyst to find out more.

Mediclinic accepts £3.7bn bid

The board of Mediclinic, the South Africa-based multinational hospital giant, have announced they have agreed acquisition terms with the consortium comprised of Remgro, the investment vehicle of the billionaire Rupert family and a long-time Mediclinic shareholder, and the Mediterranean Shipping Company (MSC). They have recommended these terms to shareholders.

Ramsay deal may unblock

Media reports suggest that Ramsay Santé, the 53%-owned continental European arm of Ramsay Health Care, may relent and allow KKR to carry out due diligence which would enable it to complete on its AU$88 a share bid. But investors were not convinced with the shares languishing at AU$69.84 at close of play.

Portuguese hospital groups face €191 million fine

The Autorldade da Concorrencia (AdC), the Portuguese Competition Authority, has sanctioned and imposed fines of €191 million on several private hospital groups and the Portuguese Private Hospitals Association (APHP).

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