France-based pan-European Care group Korian has entered into a 15-year-partnership with BNP Paribas Cardif and EDF Invest, creating a real estate vehicle with Korian at the helm.
French property investor Icade Santé has contracted to acquire a portfolio of nursing home properties in Northern Italy, and three in France, bolstering its European footprint.
The COVID-19 pandemic is driving regulatory changes in the care home sector across western Europe, said speakers on the 'Elderly Care: How big is the opportunity?' panel at HBI 2020. One said: "Do not assume you will ever see a return to pre-COVID levels of occupancy."
The COVID-19 pandemic has accelerated the adoption of remote hospital care across Europe and could contribute to up to 20% of hospital care being offered remotely by 2030, according to a new report.
Governments across Western Europe are re-instating financial support for private hospitals involved in the second wave pandemic response. Some are treating COVID patients for the first time as hospitalisations soar above first wave numbers, but support packages are heavily-adjusted from those in spring. We talk to operators in Italy, Portugal, Germany and Switzerland and provide an update on the UK and France.
HBI hears that CVC is frontrunner to buy international IVF chain Eugin as parent company NMC Health's administrators Alvarez and Marsal looks to complete a lender-led sale of the group by Spring 2021.
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.
Spanish dental chain Dentix has a new suitor, according to the Spanish press. The company has had a troubled history of late, heading into voluntary administration in April following a reported series of failed sales processes, including to Advent and KKR.
Buying France's third-largest private psychiatry group Inicea was a 'unique opportunity' for which a capital raise had to be used, Korian CFO Philippe Garin tells HBI, and international bolt-on acquisitions could follow. He discusses the deal's finances, COVID-19's impact on its regulatory environment, and one reason why Germany might have weathered the pandemic so much better than other countries.
Delays in treatment caused directly by COVID-19 and a reluctance to attend routine appointments are turning preventative dental markets into reactive ones. The financial pressures resulting from the pandemic means there might not be a big enough supply of dentists to cope with the pent up demand.
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