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HBI News Round Up, Friday 2nd August 2024

In this HBI News Round Up we cover the continued expansion of Caser Dental in Spain, the prospective sale of Hospital da Cruz Vermelha in Lisbon, European Commission approval of a Dutch proposal to support medical radioisotopes production for cancer diagnosis and treatment, US-based PE firms General Atlantic’s and KKR’s bid for Faridabad-based Asian Institute of Medical Sciences, pharma company Roche’s acquisition of Point of Care technology from LumiraDx, healthcare service provider’s MedNjoy Clinics’ expansion into London and Munich and PE firm, LDC’s investment in leading provider of diagnostic imaging equipment Medray Group.

PMI’s changing business model

Access to primary care is now the number one reason people in the UK want private medical insurance (PMI), according to data collected by UK health insurer Vitality. Other NHS countries have been seeing similar trends since Covid. Katie Tryon, Vitality’s Director of Health Strategy, spoke about how this has completely changed the PMI business model — for the better — at HBI’s conference last month.

Healthcare Activos raises new fund worth €650m

Pan-European Spanish healthcare real estate investor Healthcare Activos has launched a new investment fund worth €650 million. This is the REIT’s second fund, and will, in contrast to the first fund, be primarily focused on making investments outside of Spain and Portugal. Jorge Guarner, Activos’ President and Founder, tells us more.

Fidelidade targets €500m RT1 green capital raise

Fidelidade, Portugal’s largest health insurer, is preparing a green bond sale that could raise up to €500 million, in what would be a first issuance of sustainable capital instruments by a European insurer.

Fidelidade announces 2025 IPO, cancels IPO of subsidiary Luz Saúde

Portuguese insurance company Fidelidade has outlined its plans for a 2025 initial public offering (IPO), following a strategic reassessment that includes the cancellation of the planned listing of its hospital subsidiary, Luz Saúde. The move signals a shift in strategy for Fidelidade, which is majority-owned by China’s Fosun International.

Luz Saude IPO to finally go ahead

Luz Saude, Portugal’s second largest private hospital group by revenue, will become a listed company once again, six years after it was taken private by its insurer-owner, Fidelidade. The company has confirmed an IPO on Portugal’s Euronext Lisbon exchange will go ahead, almost a year after reports of plans to relist initially began circulating.

Orpea raids ramp up

While inspections at facilities belonging to French multinational elderly care operator Orpea have been commonplace within France, news of Europe-wide police raids sweeping Belgium, Luxembourg, Italy, Portugal and Switzerland is now making headlines.

HR Round Up

January comes to an end, rounding off what has been a busy period in personnel changes. We review some of the senior appointments that kicked off the new year including at UK care home operator Cornerstone, property advisor Christie & Co, and healthcare conglomerate Fresenius.

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