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Report: Healthcare Europa Property Survey 2015

There is intense investor interest in healthcare services property across Europe. Fund manager Marc Phillip Martins-Kuenzel, at German real estate investor Corpus Sireo claims that he had 400 approaches from prospective buyers in a single year. This reflects the global search for high yielding investments. But healthcare property also carries risks. Some sectors such as the French hospital market, where major deals have been done, look risky as the government cuts tariffs. And the sector remains opaque and poorly segmented. There are plenty of traps for the unwary. It is also far from clear how much new capacity will come on stream for investors over the next decade. Here we look at whether and when the boom will go bust. First, we run through the headlines and what has happened to prices. We then go on to look at supply and demand. Other articles profile the main US and European property investors and the main national markets.

Casa Reha for sale as Vitalis goes to Orpea

German nursing home chain Casa Reha is unlikely to fetch much more than investor HG Capital paid for it in 2007. Meanwhile, small groups line up to sell ahead of new rules which will limit profits.

Can regional lab chains compete against reference labs in France?

With large reference labs like Cerba and Novescia buying up their own clients, regional chains have started to fight back by creating national groups with central sites for testing. But they are facing many challenges, as competition is fierce and other medical sectors are consolidating.

Bid rumours

Which big lab group is up for sale? And which hospital chain has just been withdrawn after a failed auction? We report! Why not subscribe and find out?

French telehealth group SeniorAdom to partner with large elderly care players

Having product-launched in January 2015, French telehealth group SeniorAdom just raised a new financing round from several investors. OMNES Capital, who led the financing round, says SeniorAdom will partner with key elderly care players, such as large nursing home groups, or health insurance companies.

Unilabs achieves 7% organic growth

Unilabs CEO and company doctor Jos Lamers is cock-a-hoop over second quarter sales growth of 7.1% at constant exchange rates and sees a trend towards the public sector outsourcing. Unilabs, the Pan-West European lab and imaging group, was a late entry in to the race to buy Pan-Euro lab group synlab this summer and Lamers is keen to make more acquistions. We talk to him about the results and how he sees the lab sector.

Report: Can assisted living work in Europe?

Everyone is familiar with the idea of a retirement village, but they are relative newcomers in any form to Europe and the common perception first popularised in 1950s America is out-dated. Then retirement meant receiving the proverbial gold watch at 65 and moving somewhere cheaper, joining a like-minded community with a golf course, often somewhere with better weather. Some developments became towns in their own right. Arizona’s Sun City has 62,000 residents. Today over 5% of those 65+ live in dedicated retirement communities.

Four way merger creates new hospital group in France

A four way merger has created what will be the sixth largest French private hospital group with sales of around €220m pro-forma in 2015. The new group will be the largest player in the Provence-Alpes-Cote D’Azur (PACA) region and will also own 8 hospitals in the Ile de France, the broader Paris region.

Orpea buys Residenz Gruppe Bremen

Orpea has added another German nursing home group to its portfolio and raised €310m through a Schuldschein, with Asians making up 30% of the lenders. We talk to president Jean-Claude Marian about the deal and the European nursing home market in general.

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