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Dutch elderly care group goes bust

Dutch nursing home group Ontzorgd Wonen Groep has gone into administration. We speak to a consultant to find out what led to this failure - and what it tells us about the Netherland’s elderly care sector.

PAI Partners and Ontario Teachers’ buy Veonet

HBI has been told that Paris based private equity firm PAI Partners and Ontario Teachers' Pension Plan Board have agreed to acquire Germany based ophthalmology network Veonet from Nordic Capital.

UK social care reform ‘nowhere near enough’

The UK government will spend £3.6bn on paying 'a fairer cost' for adult social care, in new plans that also set aside £500m on workforce and training, £300m on elderly care housing, and £150m on digitalisation as part of a long-awaited reform. Experts tell HBI that it is 'nowhere near enough'.

$7bn Indian insurance IPO fails to cover book

Indian private health insurer Star Health has seen just short of four-fifths of its IPO offer subscribed in the past three days of book building. However, local press reports that the listing will still go through thanks to a downsized secondary offer.

Russian oxygen supplies dwindle

Parts of Russia are facing significant oxygen shortages as the treatment of Covid patients continues to chip away at reserves.

IHH considers divesting in China

Listed Malaysian hospital group IHH Healthcare is considering a divestment of its loss-making Chinese business, it has told the stock exchange. Parkway Group could sell for US$1bn.

Booster blunder puts staff at risk

The Indian government's slowness to approve booster shots is putting lives at risk - particularly those of front line medical staff whose immunity is waning. HBI speaks to a disappointed operator source in the country to find out more.

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