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Promedica24 continues expansion – sale ‘on the table’

Pan-European homecare group Promedica24 tells HBI that long-term investor ForeVest is considering an exit in the next 1-2 years. Tomasz Brzeziński, CEO and CFO, says that the group has plans to move into Switzerland and Austria as well as diversify its revenue sources in Germany. Brzeziński is one of 100 speakers at HBI 2021, Sept 20-22, the global CEO-level event focused on for-profit healthcare.

Small-mid market M&A round up

As expected, M&A deal flow slowed through August as bankers and executives headed out on summer vacations. HBI has caught up with the mid-to-small-cap deals you may have missed; featuring hospitals, ophthalmology, and homecare. 

Homecare wages rise as vacancies jump sixfold

Wages in Europe's domiciliary care market have risen up to 15% as the sector scrambles for staff, driven by a sixfold jump in empty vacancies and better protections for governments. This will likely signal a care cost inflation across the continent as one operator tells HBI that the costs will be passed on to the customer.

US homecare tech specialist buys Home Instead

US-based homecare tech specialist Honor Technology has acquired Home Instead, the global leader of franchise homecare services. The deal creates a global homecare group worth more than $2.1 billion in homecare revenue.  HBI chats with sources including Home Instead's UK CEO to find out what the deal means for markets outside of the United States.

Comeback treatments squeeze payors

Claims on private medical insurance were higher than expected for some providers in the second quarter, hitting or even exceeding pre-pandemic levels for the first time.  The picture is similar for public payors with AOK reporting double-digit growth in spending. Across the board, it's having an impact on the bottom line - and leaving some substantially in the red.

German state nationalises Sana hospital

German state North Rhine-Westphalia is taking over Sana Kliniken’s 50% stake in one of Europe’s largest cardiology clinics. It’s Germany’s second recent non-profit merger in heart medicine.

Payors throw money at mental health

Psychotherapy, a highly fragmented market across Europe, has historically been mostly private pay. Waves of pandemic-related mental health crises are now forcing payors to multiply budgets or add new tariffs in countries from Czechia to Switzerland. Where's the opportunity?

Shift to outpatient in Germany may not increase for-profit opportunities

The shift from inpatient to outpatient care during the pandemic has been particularly visible in Germany, and it is widely accepted will continue post Covid. HBI catches up with two German healthcare experts to understand what this shift means for the market, and why an otherwise tempting outpatient investment proposition is less palatable than it would be elsewhere in Europe.

Aedifica continues Northwest Europe expansion

Belgian healthcare REIT Aedifica has been expanding and made acquisitions in Finland, the Netherlands, Germany and Ireland amounting to €151 million. HBI breaks down its latest spends.

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