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HBI News Round Up, Friday 2nd August 2024

In this HBI News Round Up we cover the continued expansion of Caser Dental in Spain, the prospective sale of Hospital da Cruz Vermelha in Lisbon, European Commission approval of a Dutch proposal to support medical radioisotopes production for cancer diagnosis and treatment, US-based PE firms General Atlantic’s and KKR’s bid for Faridabad-based Asian Institute of Medical Sciences, pharma company Roche’s acquisition of Point of Care technology from LumiraDx, healthcare service provider’s MedNjoy Clinics’ expansion into London and Munich and PE firm, LDC’s investment in leading provider of diagnostic imaging equipment Medray Group.

Clariane exits the UK and makes progress on Dutch and Belgium sale

Pan-European listed French nursing home group Clariane has successfully exited the UK with the sale of its Berkley Care subsidiary. The group has also made progress on the sale of its Belgian and Dutch branches, but has not yet secured a buyer for these.

Orpea raids ramp up

While inspections at facilities belonging to French multinational elderly care operator Orpea have been commonplace within France, news of Europe-wide police raids sweeping Belgium, Luxembourg, Italy, Portugal and Switzerland is now making headlines.

EU’s AI Act gets the greenlight from the European Commission

Despite opposition, the AI Act seems to be ploughing ahead right on schedule. This week, two key groups of lawmakers - the European Commission's civil liberties (LIBE) and internal market (IMCO) committees - gave their overwhelming support for the new law, which should come into force this summer.

EU states approve AI Act

In December, European policymakers gathered in Brussels to hash out the first framework for AI regulation. Despite threats to derail it, all 27 EU member states have now given it a collective thumbs up - but concerns around overregulation, bureaucracy, and the stifling of innovation remain. 

Clariane sells in the Netherlands

French nursing home operator Clariane (formerly Korian) is selling half of its stake in its joint venture with European real estate investor Aedifica. The sale of the real estate for six Dutch homes for €25m follows Clariane’s plans to reduce its debt and also mirrors rival operator Orpea’s attempts to pull back from the country.

FREE BLOG Emerging markets may have an AI advantage

‘Moore’s Law’ suggests that the number of transistors on a microchip doubles about every two years, while the cost of computers halves. It's an old observation, but the idea that computing power tends to increase exponentially over time still resonates. Today the idea is most frequently applied to artificial intelligence, and with rapidly advancing developments in generative AI, 2024 is poised to become one of the most transformative years on record.

New AI act could stifle EU innovation – but benefit the UK

After 38 hours of deliberation, a long-awaited deal has finally been reached in Brussels. HBI speaks to three market experts to understand what the AI Act - the comprehensive European framework for AI innovation and regulation - could mean for the future of healthcare in Europe.

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