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Publicly listed European hospital groups: Financial review and comparison

How is the European hospital sector faring? Who are the winners and losers and what does this tell us about the health of the sector? We compare first half results from the big players - Capio, Rhoen, Helios, Spire, Aevis Victoria, Ramsay Health Care and BMI (Netcare), as well as privately-held Asklepios and listed outsource specialist Pihlajalinna. There are some fascinating differences.

CEO to leave low margin Norlandia

The CEO of Norwegian care group Norlandia is to stand down in September, with her deputy taking her place. Speaking to Healthcare Nova, Hilde-Britt Mellbye confirmed her replacement will be Yngvar Tov Herbjørnssønn, who is the group’s current organisational director and the deputy CEO. Mellbye will however be staying on until January 1, 2017, as an advisor to her replacement.

Could Eurofins break the Unilabs impasse?

Bioanalytic testing outfit Eurofins Scientific has just raised €200m through a private placement with La Caisse des Dépôts et placement du Québec (“CDPQ”), one of Canada’s largest institutional fund managers. CDPQ and other institutions have also said they are happy to dip into their pockets to fund more acquisitions. West European lab/imaging group Unilabs could be a target.

Ambea set to IPO

Investment analysts expect Swedish care group Ambea to file for an IPO soon. Banks and advisers have already approached it to kick off the process.

Akademikliniken to consolidate plastic surgery sector in the Nordics

Danish buyout firm Polaris has acquired a majority stake in plastic surgery and aesthetic treatment provider Akademikliniken. Under previous owner private equity house Valedo, Akademikliniken had tripled its hospital and clinic network in Sweden, Norway and Denmark. It now aims to further consolidate in the Nordics – according to CEO Magnus Jansson.

Norlandia moves into new markets

Elderly care and child care player Norlandia is looking to expand to new markets, including north Germany and the UK, in an aggressive roll-out strategy. It says it is also considering launching elderly care platforms in Finland and the Netherlands – where it currently only operates pre-schools. We speak to CEO Hilde-Britt Mellbye.

Mediq for sale

Deutsche Bank and Evercore are seeking buyers for Mediq, the multinational medicalised homecare and direct-to-hospital distributor bought by private equity house Advent International in 2013. We look at likely buyers and at the company.

Nordics open up for property deals

A new €250m fund - rising to €500m with leverage - managed by Northern Horizon will target care homes across the Nordics. The Nordic Aged Care fund is targeting triple net yields of 5-7% and has already raised €121m from cornerstone investors including Aviva. CEO, Michael Schönach also said regulation and culture was opening up the Danish care home market.

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