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Livingbridge buys Everlight

London-based mid-market private equity investor Livingbridge is buying a majority stake in global teleradiology firm Everlight Radiology. HBI chats to a source with knowledge of the sale and a UK analyst to find out more.

Big infra interest in Icon Group

At least four infrastructure investors and one sovereign wealth fund will likely join the auction of Australian-Asian oncology business Icon Group as first-round bids are expected this month. The deal is likely to hit a $2bn+ valuation.

Bupa shift towards digital could impact M&A

Bupa’s new CEO Iñaki Ereño has announced a new strategy for the international health insurer and service group including making 40% of customer care touchpoints Bupa-owned, and having 60% active digital customers. What does this mean for Bupa's M&A strategy going forward? We talk to consultancy Candesic to find out more.

Spire takeover looks unlikely as Circle-BMI sells

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. 

Suitors line up to buy $1bn Fullerton

Private equity firms Coalition Capital Partners and Warburg Pincus are reportedly short-listed to acquire South East Asian healthcare services provider Fullerton Healthcare Group for $1 billion.

Ramsay makes £1bn Spire offer – but investors want more

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.

‘Interest’ in Everlight despite COVID hit to teleradiology

Private equity has reportedly rekindled interest in UK-Australia teleradiology group Everlight Radiology, over a year after owner ICG kickstarted a sales process before COVID hit. But with UK competitor Medica revealing a 20% drop in revenue for the year because of the pandemic, how likely is a sale?

Why your communications director could be your next CEO

The biggest for-profit hospital operators in Australia, Hungary and Norway have all appointed new CEOs internally from communications roles or backgrounds in 2020. Is this indicative of a wider trend in the healthcare sector? The three women appointed tell HBI why it makes sense.

Interview: Dr Hugo Stephenson, CEO, Induction Healthcare

The Induction Switch app is used by the majority of hospital doctors in the UK but its owner has only very recently started generating revenue a year after launching on the AIM. That's despite a userbase stretching South Africa, Australia and the USA. Its CEO, an entrepreneur who has founded no less than three health tech companies, talks to HBI about how it plans to turn free-using customers into revenue-generating customers.

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