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United Arab Emirates

 

NMC tells its $6.4bn creditors to take it over, or lose money

Creditors of in administration GCC-based NMC Health face a stark decision between now and May 28. Buy us, or face a 'distressed sale' - and possible liquidation. Accepting the deal will see creditors losing out on billions of dollars in the short term. But not accepting the deal could be worse.
April 15, 2021

Gulf Capital takes re-branded IVI into India

Gulf Capital is taking its Middle East-based IVF platform, acquired from global player IVIRMA last year and now re-branded as ART, into India with the rollout of 18 IVF clinics nationwide. 
March 31, 2021

Rethinking large hospital business models

The traditional hospital inpatient business model is being challenged, and large hospital groups in particular are having to rethink their approach. At a digital event hosted in association with Abbott Medical, HBI caught up with three leaders heavily entrenched in large hospital organisations, Dr Ian Abbs, CEO and CMO at Guy’s and St Thomas’ NHS Foundation Trust in London, Dr Ronnie van der Merwe, group CEO at South Africa-based Mediclinic International, and  Henrik Schødts, deputy CEO and CIO, Nordsjællands Hospital, to find out more.
March 29, 2021

GHP continues organic growth in 2020 despite pandemic

GHP, a listed provider of specialist clinics in Scandinavia and hospitals in the Middle East, increased revenue and EBITDA in 2020 despite the difficulties caused by the pandemic. HBI talks to CEO Daniel Ohman to find out how.
March 18, 2021

EMEA for-profit hospital sector shrinks 3-5% in 2020

Revenues in the EMEA for-profit hospital market fell by 3-5% in 2020 due to COVID-19 but could bounce back strongly in 2021, figures from HBI Intelligence show. NMC Health CEO Michael Davis tells HBI he anticipates a ‘return to normalcy’ to continue through the year. 
March 11, 2021

Vaccines causing minimal headwinds in COVID-19 testing volumes

HBI analysis of COVID-19 testing volumes and pricing reveals how vaccine programmes and the rise of antigen tests might impact future growth for the lab groups. PCR volumes and have dropped 16% in the UK since it started vaccinating its population and one lab group is expecting a 35% to 50% drop in COVID revenue this year.
March 11, 2021

GCC post-acute group sells for 10.5x as M&A climate cools

TVM Capital Healthcare has sold the GCC's largest post-acute/rehab provider Cambridge Medical and Rehabilitation Center (CMRC) to investor Amanat Holdings for 10.5x its 2020 EBITDA, a much lower multiple than it got for similar business Provita six years ago. We discuss the change in M&A climate with TVM CEO Dr Helmut Schuehsler and talk to Amanat's CFO about its plans with CMRC and its three other healthcare assets.
March 4, 2021

EMEA hospital sector finishes 2020 strongly

Private hospital operators across Europe, the Middle East and South Africa had a good last few months of trading in what was a turbulent 2020, but the start of 2021 looks tougher. We talk to operators across the region.
February 25, 2021

NMC CEO: Any sale will be a competitive, traditional process

Will the creditors of NMC Healthcare, the GCC's largest for-profit healthcare operator which has been in administration since April 2020, choose a sale of its core UAE business in the next 3-6 months or a longer-term, creditor-led restructuring? We talk exclusively to NMC CEO Michael Davis and UAE sources. A 'fire sale' of parts of its core UAE business now seems entirely off the table.
February 4, 2021

HBI 2020: Hospital CEOs focus on digital, the care continuum and culture 

To a remarkable extent, hospitals CEOs whether in Europe, China or Emerging Markets share the same goals around extending their patient offering forwards into primary and back into chronic and rehabilitation using digital health to achieve this. And the one thing they all know they need to get right is culture.
December 21, 2020
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