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Investors looking south of the border as NI homecare struggles

Low pay rates for homecare workers in Northern Ireland are under fire, and a campaign to end short 15-minute visits for older people and fee rates of £15 an hour is gathering momentum. South of the border the Republic is proving far more attractive to investors. HBI talks to Mairead Mackle, CEO of the biggest independent Irish homecare provider Homecare Independent Living (HCIL), to find out more.

Hancock’s perilous position a problem for the NHS

The future of the UK NHS is changing according to the recent White Paper and Queen's Speech - we're moving towards collaboration not competition and a Secretary of State for Health with wider powers. But current incumbent Matt Hancock's reputation is damaged and his political capital on the wane. HBI heard at a Kings Fund digital event that this could prove a problem for the NHS.

Billions set to be written off as creditors take charge of NMC

NMC's creditors are now in the driving seat, after a take-it-or-leave it ultimatum from joint administrators Alvarez and Marsal left them with little option other than to accept a financial restructuring plan which wipes out billions of dollars owed to them, in return for ownership of the business.

How much of Europe’s homecare is ‘grey’?

This week HBI breaks down data from several sources and illustrates the share of informal homecare in European Countries and the UK. It makes clear just how much care at home is being illegally delivered.

$4.2bn Babylon to go public at 11-13x revenue multiple

Global digital health platform Babylon Health will IPO through a $4.2bn merger with SPAC Alkuri Acquisition Corp. The deal gives it a 13x revenue multiple of the $4.2bn equity value and 11x a $3.6bn enterprise value. The move comes as Europe's players increasingly look to the States as a more scalable market. Despite just launching there last year, 70% of Babylon's revenues now come from the States.

Market welcomes strong Q4 for Max, despite Covid-related revenue drop in FY21

The market welcomed a strong Q4 performance from India's second-largest for-profit hospital chain by revenue, Max Healthcare, last week. Record-breaking Q4 EBITDA appears to have offset any potential market concerns that could have arisen from reporting a drop in revenue, and a resurgence of COVID, especially around the capital.

Kuwait International Bank cuts its losses, sells NMC debt

Kuwait International Bank is selling off the debt it is owed by NMC Health, the UAE's largest hospital group which remains in administration following a fall from grace precipitated by short-seller Muddy Waters' report back in 2019.

0.02% of German prescriptions are apps

HBI hears the first eight months of Germany's digital app reimbursement is viewed as "modestly positive", with statutory insurer AOK saying that it has prescribed 4,700 apps under the framework.

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