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Italy

 

Vitaldent changes hands

Spain's special high court, the Audiencia Nacional, has accepted an €18.5m offer from private equity house JB Capital Markets to buy Vitaldent - Spain's largest dentist and Europe's third largest with 341 centres in Spain and another 109 in Italy. Vitaldent has been under judicial review since a tax scandal broke the news in February this year.

Alliance Medical attracts bidders

Alliance Medical, the mainly Anglo-Italian imaging services group, has attracted several second round bidders. We investigate.

Assessing Italy’s 2014-2016 Health Pact

Italy’s 2014-2016 Health Pact, which focuses on downsizing the acute sector and on increasing outpatient services, is coming to an end. Andrea Fortuna, associate partner at PwC, says it has resulted in over 10% drop in the number of acute beds over the past five years.

Kos and Apollo open rehab hospital in India

Italy's largest care provider Kos and India's largest hospital group Apollo Hospitals have opened a 64-bed rehab hospital in Hyderabad in an equal joint venture. Could this lead to a network of rehab facilities across India?

GVM to launch its first China facility in early 2017

Days after opening a €3m diagnostics centre in Moscow, Italian hospital operator Gruppo Villa Maria (GVM) says its first facility in China is to launch early next year. We speak to vice-president Bruno Biagi about the group’s international strategy.

European listed care groups: A financial review and comparison

First half 2016 results for the major care home groups point towards solid 5-6% organic sales growth from Orpea and Korian with the latter gradually recovering from the crisis which saw the replacement of CEO Yann Coleou at the turn of 2015. Recently listed Nordic groups Attendo and Humana are benefitting from strong demand for new nursing home beds from public payors and expansion in Finland. But Swedish proposals to limit the return on public-private care services to 8% of return on equity plus net debt (before inflation) pushed shares down. Meanwhile, Middle Eastern investors have bought in to Italian operator KOS.

DentalPro buys DentaDent to create €120m dental network

Only one month after acquiring dental chain Giovanni Bona, Italy’s largest dental network DentalPro buys DentaDent, a small network of 7 dental clinics. Expect 70 new clinics in the next three years and more consolidation in the Italian market, says DentalPro’s president Michel Cohen.

Lifebrain sells Swiss labs to Synlab

Austrian based lab consolidator, Lifebrain, has sold its Swiss labs to Synlab and will now focus entirely on the fragmented Italian market, says CEO Dr Michael Havel. Having bought 100 labs in the last 12 months, he claims to have 50 more in the pipeline, and expects EBITDA margins of 30% on sales of €135m by 2017.

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