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Poland

 

Interview: Mark Hellowell, Lecturer, University of Edinburgh

Hellowell is a healthcare academic who specialises in PPPs, evaluating their performance around the world, consulting with development agencies and acting as a special adviser to the Health Select Committee in the British House of Commons. He also lectures on healthcare reform to a diverse group of postgraduate students, many of them from developing countries. We talk to him about the role private healthcare companies can, and are, playing in the developing and developed worlds, the future for PPPs, and whether they are “a good thing”.
January 23, 2014

Polish health group ScanMed looks for investor

ScanMed, a diverse Polish healthcare group, is looking for a strategic investor. We look at the group and who might buy it. Meanwhile, Bupa-owned LUX MED has bought an 81% stake in Carolina Medical Center.
December 18, 2013

Vitaldent to hit Poland

Vitaldent, the big family-owned dentistry chain operating across Spain and Italy, has taken out a €100m loan with Intermediate Capital Group. The group plans to grow sales nearly 50% over the next five years to €650m. It plans to do this, in part, by entering Poland. We talk to Vitaldent adviser Reiner Loeslein about strategy and business models.
December 6, 2013

Interview: Stuart Fletcher, CEO, Bupa

It has been a busy year for insurer, hospital operator and care group Bupa. New CEO Stuart Fletcher is spending roughly £1.25bn to buy businesses in half a dozen countries across the world. That includes the planned acquisition of Cruz Blanca, a Chilean service provider and insurer, as well as the purchases of Quality HealthCare (a network of 102 outpatient clinics and 500 affiliates in Hong Kong), Richmond Villages (an assisted living business in the UK), LUX MED (the largest subscription healthcare operator in Poland), ten nursing homes in Australia, and dentists here, there and everywhere. All this is part of the Bupa 2020 master plan, which will see the world’s largest player in ex-pat insurance deliver far more integrated care. We talk to Fletcher to find out more.
December 6, 2013

Interview: Kristof Jacunski, Partner, TOM Investment Group

Origin Active Lifestyle Communities, a Canadian group that manages housing and care facilities for seniors, is entering the Polish market. Founder and CEO Neil A. Prashad expects to build the first of its communities on Polish soil within the next two years, at a location near Warsaw, at a cost of PLN 50-80m (€12-19m). The Warsaw community will feature 110-150 housing units, a day care facility, and a nursing care home. Residents will fund themselves by paying out-of-pocket. Origin has partnered with Austrian and Polish investors to execute the project. We interview Krzysztof Jacunski, Partner at Polish backer TOM Investment Group – one of Origin’s investors - to find out more about the motivation behind the venture, the state of the Polish market and Origin’s business strategy.
November 18, 2013

Interview: Matthew Strassberg, Senior Partner, Mid Europa

Diagnostyka, the Mid Europa-owned Polish leader in laboratory diagnostics, has just snapped up Olympus Consilio, the largest specialised pathology lab in Poland. This follows the acquisition last week by Mid Europa’s Czech and Slovak laboratory arm, Alpha Medical, of Euromedic’s Czech lab business. We talk to Matthew Strassberg, Senior Partner at Mid Europa, who is in bullish form.
October 29, 2013

Polish prospects ahead of the 2015 election

The Polish private healthcare sector expects little action ahead of the next general election in 2015. But there could yet be surprises. We look at opportunities in the country, now that Bartosz Arłukowicz, the current Minister of Health, has failed to implement meaningful healthcare reform. Should the next election be won by the statist Law & Justice party, which is ahead in the polls and which is broadly opposed to private sector involvement in healthcare, this reform may be tabled completely. A May 2013 poll shows that 11% of the electorate want Arłukowicz, who is seen as a ditherer, sacked.
October 28, 2013

Interview: Pawel Maj, Management Board Member, Skyline Ventures S.A.

Polish venture capital fund Skyline Ventures' primary healthcare investment is in care home and homecare company House Domowa Opieka. With private players struggling to break into the Polish homecare market, we interview one of the players behind a rare successful investment on the scene. The company has around 1,000 employees, with six offices in Poland and one in Germany. Sales have increased five-fold from 2012, with the company breaking even this year.
October 14, 2013

Eldercare providers dashed on Polish rocks

With forty million people and rising GDP, Poland should be a massive opportunity for elderly care providers. So why have companies like Serenity and MCI.BioVenture’s Continuum failed? Where can profits be made?
October 4, 2013

Continuum Care shuts down

Pioneering Polish elderly care operator Continuum Care has shut down after investor MCI Bioventures pulled its investment in July 2013. The company was set up by former CEO of Medicover, Agnieszka Szpara. Grzegorz Gromada at MCI had previously claimed that he expected patient growth of 50% per annum for “the next 10 to 15 years.” So what went wrong?
September 27, 2013
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