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Romanian hospitals up 60% from COVID overflow

Romania's public hospitals are overrun with COVID patients. The 3,400+ beds owned by the private sector aren't being used for infected patients but instead as an 'overflow' for the otherwise ill. HBI speaks to the CEO of Regina Maria, who says visits to its ER are up 25% and looks at the results of rival Medlife, where revenue is up 57% in the first nine months. 
November 15, 2021

FREE BLOG When big valuations rest on a government’s whim

Midway through October Ping An Good Doctor had a market cap of US$6.8bn. That is until the Chinese government released a 2,000 circular on the 'regulation' of online doctors and shares tumbled 40%. Telehealth is by many accounts booming but some very large valuations are hanging on some very fine regulatory threads.
November 11, 2021

China cracks down on telehealth

The Chinese government has banned remote consultations without prior diagnosis and forbidden AI as a substitute for doctors in a major crackdown on the digital health sector. The new rules have left stocks reeling.
November 11, 2021

Biogroup acquires Analiza/Cerba Internacional

Biogroup, the fast consolidator of the French lab market, has moved into the Iberian peninsular for the first time by acquiring two assets: Analiza and Cerba Internacional. HBI hears the multiple looks very, very low. 
November 11, 2021

Thailand open for vaxxed medical tourists

Thailand has re-opened for medical tourists without quarantine as the country seeks to revive its ailing medical tourism sector. We look at the impact that the 18-month ban has had on the country's big hospital groups Bumrungrad International Hospital and Bangkok Dusit Medical Services (BDMS).
November 11, 2021

Medicover consolidates in Poland

Polish healthcare provider Medicover has acquired smaller rival CDT Medicus, at a low double-digit EBITDA multiple.
November 8, 2021

McKesson sells UK arm to turnaround specialist as it exits Europe

US-based pharmacy group McKesson has sold its UK arm - made up of retail pharmacy group Lloyds Pharmacy and a drug distribution business - to Aurelius, an investor specialised in turnarounds. The new owner is likely to focus on the rationalisation of the business, HBI hears.
November 4, 2021

Excess deaths force cost cutting at Fresenius Medical Care

Dialysis patients are dying from COVID at increasingly high rates at Fresenius Medical Care, forcing the provider to slash 5,000 jobs and target €500m cost savings annually by 2025. The group has seen 18,200 more patients die than expected since the beginning of the pandemic, representing over 5% of its total base.
November 4, 2021

NHS England to require COVID-19 jab for job

All 1.2m of NHS England's staff will have to be vaccinated against COVID-19 from next year, reports say, with an official decision expected from the government imminently. Similar laws elsewhere in Europe have only led to minor problems for healthcare workforces but data shows that UK private providers expect to replace on average 8% of their workforce. 
November 4, 2021
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