At the end of last year, healthcare specialist REIT Icade Santé looked to fall victim to capital markets' apathy for European healthcare services, postponing its IPO. Could it be looking to try again in H2 2022 - or is it too soon to try?
Following the recent outrage about care homes in France, the French government plans to introduce further measures to improve evaluation and transparency.
Almost a year after its IPO, lab giant Synlab has posted strong FY21 results bolstered by Covid, but not, it says, dependant on it. Management say extra cash will be used as a springboard for growth. Could it also lead to private equity majority shareholder Cinven selling its remaining interest?
Media firestorms exposing poor treatment in for-profit nursing homes have occurred frequently over the last decade. Normally companies respond by chucking their CEOs or by sitting tight-lipped and threatening to sue. Not Sophie Boissard at Korian.
Cerba Healthcare, France’s largest laboratory group by revenue, has acquired Yourlab, a medium-sized clinical pathology company based in the west of France.
Both Korian and Orpea’s share prices increased more than 10% after the release of investigative TV show Cash Investigation’s hidden camera episode revealing scenes inside a Korian nursing home. Meanwhile Orpea’s expansion into Russia has been halted after last week’s invasion of Ukraine and French public investment bank Bpifrance pulled out.
Australian multi-national hospital group Ramsay saw steady sales but sharply decreasing earnings in the last six months of 2021. The company says this was due to Covid disruptions, whilst underlying demand for healthcare services remains strong.
Orpea's smaller PE-backed French rivals who are spilling out across Europe say they are not worried by the Orpea scandal. Colissee has just acquired in Portugal for the first time. HBI talks to the C-level at the French operator to learn more.
French elderly care giant Korian is having to walk a fine line between reporting a return to strong revenue and earnings growth in 2021 whilst simultaneously affirming its commitment to always putting the welfare of its residents and quality of care first. The approach it has adopted is to herald the launch of a new strategy: to become a ‘mission-led’ company! Meanwhile Orpea has postponed its annual results until at last as April 30.
A major French operator, the Doctegestio group, has launched a new platform called Avec which combines everything from dentistry and primary care to hospital and nursing homes. We talk to Bernard Bensaid, the entrepreneur behind Avec.
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