HBI’s inaugural HBI Health Care Services Top 100 lists the largest 100 companies by EMEA health care services revenue. In total revenue their revenue came to over €105bn - and we've uncovered some surprising winners and losers.
The heaviest hitters in Europe’s digital health market have valuations at an all-time high: Babylon is valued at $4.2bn, Kry at $2bn and Alan at €1.4bn. There remains, however, a huge disparity between the M&A and the fundraising markets, with most buyers of these start-ups opting for early-stage acquisitions. HBI gives an overview of the market.
EQT is buying two of Germany's largest radiology companies by revenue, Meine Radiologie and Blikk, with the intention of combining them to create the country's largest group by revenue.
Ramsay Health Care’s takeover of UK competitor Spire Healthcare is looking increasingly unlikely as the share price trades well below the new offer price and its rebel shareholders press on with their derail attempt. It’s been a busy week for Toscafund, which has also sold a controlling stake in Circle-BMI to an American provider.
M&A is picking up in the European imaging sector this week with Affidea and Naxicap buying big in Italy and Switzerland, respectively, and a top-five German imaging group reportedly in the middle of a sales process.
HBI hears that Antin Infrastructure Partners is considering the sale of Almaviva Sante, the fourth largest French hospital group by revenue. HBI speaks to a France-based consultant to find out more and to talk about potential suitors.
Global hospital group Ramsay Health Care's 240p-per-share bid for UK chain Spire Healthcare looks increasingly unlikely to make it over the line, with two of its four largest institutional investors now voicing opposition. We talk to an analyst about Spire's outlook and look at its shareholder structure.
NMC's creditors are now in the driving seat, after a take-it-or-leave it ultimatum from joint administrators Alvarez and Marsal left them with little option other than to accept a financial restructuring plan which wipes out billions of dollars owed to them, in return for ownership of the business.
Global digital health platform Babylon Health will IPO through a $4.2bn merger with SPAC Alkuri Acquisition Corp. The deal gives it a 13x revenue multiple of the $4.2bn equity value and 11x a $3.6bn enterprise value. The move comes as Europe's players increasingly look to the States as a more scalable market. Despite just launching there last year, 70% of Babylon's revenues now come from the States.
Global hospital operator Ramsay Health Care has made a £1bn offer to acquire listed UK group Spire Healthcare, but some investors may reject the offer and share price movements show another bid may be expected. The 29.9% shareholder, Mediclinic, has agreed to sell to Ramsay despite making a similar takeover offer three years ago. It comes during a UK market pivot towards NHS activity to help clear massive backlogs after Covid.
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