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Dunyagoz to strengthen its hospital network

Turkish ophthalmology group Dunyagoz, which runs 22 centres in Turkey and Europe, is expanding to neighbouring countries and beyond. It is looking at Iran and Russia and is launching two new hospitals in the Netherlands and Azerbaijan in June 2016. We speak to CEO Koray Ozbay about the group’s strategy.

Interview: Dr Sanjeev Kanoria

An ex-McKinsey consultant and a liver surgeon by training, Sanjeev is one of four brothers running a family conglomerate which is the second largest non-banking financial institution in India. He is also chairman of Advinia healthcare, a chain of 16 UK care homes which he founded in 1999 with his wife sangita. In 2017, he will launch a brand new 400 bed, multi-specialist hospital in New Mumbai, India, which plans a stream of joint ventures with specialist providers.

CIR buys Kos stake

French private equity house Ardian has agreed to sell its 47% stake in Italian care group Kos for a 12x EBITDA multiple of €292m. Ardian had drag-along rights starting in September 2016 that could have forced majority shareholder CIR to sell to a larger bidder. This explains a higher price than the initial €230-280m prediction.

So what really happened at Bupa?

After four years, in which he transformed Bupa with a £1.8bn M&A drive, the company announced that CEO Stuart Fletcher is to leave after failing to meet expectations. His departure follows 2015 results which saw a fall of pre-tax profits of 39% to £347m. Where does that leave his plans to build an international brand with strengths in services as well as insurance? What really went wrong? With 2015 sales of £9.8bn, Bupa still has heft. Outside the USA, it remains one of the two largest international private medical insurers, the largest international dentistry player, one of the largest care home groups and, probably, the largest player in outpatient care – certainly the only one with scale in four continents.

Caretech and Alpha go shopping

London-listed UK disability care group Caretech Holdings has acquired Oakleaf Care, a Northampton-based 102-bed provider in acquired brain injury (ABI) for £20.3m. We talk to CFO Michael Hill about Caretech's partnership with real estate developers, Cambian's flop and the NHS's steps to consolidate the sector.

Healthcare real estate investors break barriers

The internationalisation of healthcare real estate is gathering pace, according to all the signs at MIPIM, the world’s largest property conference. Numerous investors told Healthcare Europa they were looking beyond their core markets. This follows recent foreign ventures by the healthcare REITs Aedifica, Cofinimmo, Primary Health Properties (PHP) and Medical Properties Trust (MPT). We look at why.

The power of IT

It is startling to learn that by using middleware that can read doctors’ narratives, a single UK NHS Trust claims that it has put together a database of patient records for anti-dementia drugs that is 12 times larger than the entire worldwide Cochrane data. It is also startling to learn that even patients with mental disorders had an 86% adherence to using wearable devices such as Fitbit.

Getting computers to read medical records

Extracting meaningful data from clinician records is not easy – all too often they are a jumble of idiosyncratic narratives. But a £10m project has managed to do just that. Researchers at the South London and Maudsley NHS Trust and Kings College London have analysed 270,000 cases in mental health, creating what Prof Matthew Hotopf, director of the NIHR Biomedical Research Centre (BRC) at the Maudsley, claims is the world’s largest clinical dataset for mental illness. The Maudsley team are now looking for industry partners.

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