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European operators brace for second wave

COVID's second wave looks either imminent, or is already starting to hit in many jurisdictions. Wave one saw lockdowns and closures - and not all closures were temporary. Will wave two be any different? HBI has been talking to operators across EMEA to see if forewarned is forearmed, how they predict the next few months will go, and what lessons have been learned.

The San Donato hospital empire: a financial analysis

HBI's analysis of Italy's largest for-profit hospital operator San Donato Group's accounts answers many questions about the group's financial health before COVID. Like: which hospital accounts for 40% of revenues yet drags down profits by 20%? How concentrated is the business in its Milan stronghold and does this differ for profitability? Which subsidiaries are growing and which aren't?

French and Italian hospital groups’ diverging recovery reflects COVID experience

August activity levels for France's second-largest hospital group Elsan were ahead of 2019, while Italy's largest player San Donato is still 30% down due to a more gradual restart of electives and stricter contagion control in Lombardy, HBI can reveal. The cautiousness reflects just how hard-hit the region was.

Medipass sells to infra minus its healthcare services

Gruppo KOS has sold managed equipment services provider Medipass to Deutsche Bank's asset management arm DWS, which closed a €2.5bn infrastructure fund last year. The deal will see KOS keep Medipass' only healthcare services assets - its Indian subsidiaries - although a source says it will look to sell those swiftly.

IK Investments to sell Colisée to EQT Infrastructure

French nursing home operator Colisée is changing hands as IK Investments sells its majority stake to Sweden-based PE firm EQT's infrastructure arm. This is the first large transaction the sector has seen all year.

Interview: Stefan Nilsson, Colosseum Dental Group CEO

HBI talks to Stefan Nilsson, CEO of Colosseum Dental Group, the Swiss-based pan-European chain with a presence in Finland, Norway, Sweden, Switzerland, Italy, Denmark, Germany and the UK, about how it has weathered COVID, and its plans going forward as we all adapt to the new normal.

Curaeos ‘strikes a deal with creditors’

Pan-European dental group Curaeos has reportedly struck a deal with some of its creditors in a move that will lighten the company's debt while transferring a minority stake.

Interview: Arjan Toor, CEO, Cigna Europe

Cigna now describes itself as “a global health service company” rather than an insurer and has reorganised its European operations. Toor has recently been promoted to CEO Europe. He says that the insurer, which has 15% (US$840m) of its revenue in Europe, doesn't want to verticalise through owning primary care providers but wants instead to provide an end-to-end user experience.

Dentix Italia has 120 days to save the business

Spain's biggest dental chain, Dentix, has won a temporary reprieve from its creditors in Italy, but Dentix Italia must now come up with a recovery plan or find a buyer within the next three months.

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