Orpea, the pan-European care home operator, has continued its drive to become the number one player in the Irish nursing home sector. Local operator Virtue, which is majority-owned by French operator Emera, is also expanding its market share.
Private sector penetration of care home markets varies across Europe. This week's infographic shows how care home ownership divides between the for-profit, non-profit and public sectors in European countries.
What are South African hospital group Life Healthcare's plans for its international division, mainly comprised of pan-European imaging operator Alliance Medical? In a long and wide-ranging discussion, Chapman talks about expansion in South Africa and one to two new countries, 'winners and losers' in the imaging AI market, tariff pressure across Europe and what the first new potential drug therapy for Alzheimer's in 18 years means for its PET-CT business.
Shares in listed European care groups Korian and Orpea dropped slightly on publication of their FY2020 results – but despite a difficult year there are reasons for both companies to be hopeful of better times ahead.
Ireland is a relatively small market, with a population of just five million, and aging demographics behind most of continental Europe. Despite this, it is attracting the interest of large nursing home groups and property funds. HBI talks to two market experts about the appeal of the Irish nursing home sector and how it will develop in the future.
Aedifica has acquired its first asset in Ireland. The Belgian REIT has taken ownership of an operational purpose-built care home in Mallow, County Cork in a deal worth approximately €25m.
Cofinimmo has acquired five new healthcare sites in Normandy for approximately €44m further extending its French portfolio. The Belgian-based real estate company's new assets comprise four nursing and care homes, one of which is currently under construction, and one assisted-living facility.
What does the non-profit hospital sector look like in West Europe and elsewhere? We are about to publish a special HBI Intelligence report, detailing market size and consolidation in eight countries, growth, potential privatisations and the expansion of US Academic Medical Centres abroad.
The UK's largest teleradiology provider Medica has acquired Global Diagnostics Ireland (GDI), which does eye screening, diagnostic managed services and teleradiology. With only a minority of revenue from the latter, we ask CEO Stuart Quin what this expansion outside of Medica's core business means for its strategy.
Global lab company Sonic Healthcare is reportedly reviewing its Irish operations as litigation claims related to Ireland’s CervicalCheck scandal mount and the subsidiary posts falling profits. HBI examines the role of the private sector in the screening scandal and talks to a solicitor representing half of the plaintiffs. Documents seen by HBI show evidence that slides were up to 7x more likely to be misread when outsourced.
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