Pro Tip: Learn how to use HBI Alerts to follow your favorite topics

Spain

 

Quiron to spin off propco

The private equity group, CVC Capital Partners, which owns Spain’s largest healthcare provider, Quiron, wants to hive off its 50 or so hospitals in a separate company. It then wants to sell 49% of the equity. We look at what it will fetch and why it adopted this approach. The deal, if it comes off, will be by far the largest property transaction in private healthcare in Spain.
December 23, 2015

Spanish elderly care group Sanyres for sale

Banks Kutxa and BBVA have stated that they will sell Spanish elderly care group Sanyres in 2016. Sales were a mere €57m in 2014, but frenzy in the market has built up after Geriatros sold to PAI Partners at 10-12 times EBITDA in July 2015. Analysts anticipate similar rates for Sanyres. The next groups in line are La Caixa-owned Amma and private equity-owned SARquavitae.
November 10, 2015

Report: Reforming healthcare – trends and trajectories

European countries are undergoing rapid and substantial demographic and technological changes. Yet, healthcare systems are still mainly state-funded and acute-focused, as they have been for the past 70 years. This is starting to change.
November 4, 2015

Alzira: Chronicle of a death foretold

The Valencian government has finally made the official announcement that the Hospital de la Ribera concession in Alzira will not be renewed for Ribera Salud in 2018. The government is also exploring legal pathways to nullify the other four Alzira model concessions in Manises, Torrevieja, Dénia and Elx. All apart from Torrevieja look like easy targets.
November 3, 2015

The mating endgame at Unilabs

We hear that Labcorp, the big US lab group is the latest potential bidder to kick the types at Unilabs, the Pan-West European lab group which Rothschild has put on the block. We analyse the bidders in an endgame of consolidation.
October 26, 2015

Ribera Salud sheds half of its management team at Alzira hospital

Ribera Salud has reduced from 22 to 13 the number of directors in Hospital de la Ribera, Alzira, in the Spanish region of Valencia. Trade unions say they were forced to report on the issue due to increasing unrest among workers. They estimate that shareholders Centene and Sabadell will be sparing “a million euros” in management payrolls.
October 19, 2015

MPT and AXA Italian joint venture underway

The US REIT Medical Properties Trust’s (MPT’s) Italian JV with the French asset manager AXA REIM is making good progress, says Hideki Kurata, head of alternative and special situations at AXA real estate. The deal is for several acute care hospitals and a freestanding clinic. Meanwhile, Spanish sources say that one of the largest hospital chains is considering a sale and leaseback deal.
October 9, 2015

Report: Healthcare Europa Property Survey 2015

There is intense investor interest in healthcare services property across Europe. Fund manager Marc Phillip Martins-Kuenzel, at German real estate investor Corpus Sireo claims that he had 400 approaches from prospective buyers in a single year. This reflects the global search for high yielding investments. But healthcare property also carries risks. Some sectors such as the French hospital market, where major deals have been done, look risky as the government cuts tariffs. And the sector remains opaque and poorly segmented. There are plenty of traps for the unwary. It is also far from clear how much new capacity will come on stream for investors over the next decade. Here we look at whether and when the boom will go bust. First, we run through the headlines and what has happened to prices. We then go on to look at supply and demand. Other articles profile the main US and European property investors and the main national markets.
October 2, 2015
Older posts
Newer posts

Our Services

Company

Resources

Log in
Register
Log in
Register

Our Services

Company

Resources

Find Us