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Armonea enters Spain and Germany

Belgium's largest care group Armonea has bought care operations Deutsche Pflege und Wohnen (DPUW) in Germany and La Saleta in Spain. These are Armonea's first international deals, which add up to a network of 125 nursing homes with 14,000 beds and sales of €420m in total. The plan is to expand nationally upon these platforms, CEO Chris Cools says.
July 21, 2016

Quirón closes pricey hospital deal in Seville

Spain's largest hospital group Quirónsalud has bought 140-bed Hospital Infanta Luisa in Seville for €70-100m, including €23m in debt, according to local press estimates.
July 12, 2016

PAI in exclusive talks to buy SAR

As anticipated, private equity houses Palamon and GSquare are in exclusive talks with PAI Partners to sell Spain's largest care group SARquavitae. We look at the price.
July 11, 2016

Aviva and Prudential mull data share

We hear that Prudential and Aviva, the third and fourth players in the UK private medical insurance market, are planning to share their healthcare data. Our sources say that unless they can share they are at a serious disadvantage to the top two players, Bupa and Axa.
July 1, 2016

PAI turns to SAR as Maisons de Famille pays 14x EBITDA for Amma

French care group Maisons de Famille has started due diligence on Spain's fifth largest group Amma after having a €220-230m bid accepted. Considering Amma's €16m EBITDA target for 2016, owner Caixabank is fetching 14-15x forward EBITDA. Private equity bidder PAI Partners stepped back and has turned towards the market leader SARquavitae, which is also readying up for sale. Also in Spain, Belgian care group Armonea has bought La Saleta, a nine-nursing home group in Valencia with sales of €34m.
June 27, 2016

Vithas grabs Nisa but there may be trouble ahead

Spanish hospital group Vithas has reached a preliminary agreement to take over seven-hospital rival group Nisa. Vithas stormed in with a pricey offer in the midst of talks to sell the group to private equity house Atitlán. Atitlán has pulled out, but now a group of minority shareholders want to tag along and threaten with legal action otherwise.
June 8, 2016

SAR ready to sell?

Private equity owners Palamon and GSquare have approached investment bank PJT Partners to sell Spain's largest care group, SARquavitae. Our sources note that SAR had to cancel its board meeting last week and that PJT hasn't been hired "yet". But what price will it fetch?
June 6, 2016

Ozzy GenesisCare rolls into Spain

Private equity house Nazca Capital has sold Spanish oncology group IMOncology to Australian radiotherapy group GenesisCare for an undisclosed amount. GenesisCare has already bought in Ireland and the UK. We spoke to Nazca.
June 2, 2016
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