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KRY raises biggest European telehealth round in two years

Swedish telehealth company KRY tells HBI that it will soon launch its mental health offering across Europe and is considering a move into digital therapeutics after raising a $300m Series D. The company confirms its valuation is now above $2bn. Click here to see our telehealth report, and click here to see a profile of […]

Diversification saves Life Healthcare

Life Healthcare's international division continued to make up for its sluggish core South African (SA) market in the last two quarters meaning it expects better results than SA-only competitor Netcare. German group Asklepios, the largest single-country hospital operator in Europe, saw a big loss in 2020 despite generous state support.

UK infra investors buy 650 retirement homes for £200m

A new joint venture between investment groups John Laing and Macquarie has agreed to acquire 650 retirement home properties from the country's biggest retirement home developer & operator McCarthy & Stone, for a total of £200m (€230m). 

Bridgepoint’s IDH buy could signal pan-European ambitions

Bridgepoint has been confirmed as the buyer for the UK's largest dental group IDH/mydentist, which is to be sold on a 10x EBITDA multiple. The private equity firm already owns a Norwegian dental asset and others are coming to market in the next 12 months, so the deal could see the emergence of another pan-European dental group. But it is a poor outcome for current holders Carlyle and Palamon.

Synlab IPO priced low

Lab group Synlab has announced pricing at the bottom of its range, a price that values the group at just 8.8 times 2020 EBITDA. Sources say that investors are worried about the resilience and performance of its huge COVID earnings. The IPO is now proceeding at a valuation far lower than that generated by the sale of Cerba to EQT.

“No jab, no job” policy splits UK nursing home operators

The UK government has launched a five-week consultation to look at whether vaccines should be mandatory for care home staff. Care operators are split on the issue, with some fearing it could cause staff retention and recruitment problems.

Covid continues to boost Unilabs in 2021

Executive chairman Jos Lamers has told HBI that Covid sales continue to rise in Q1 and Q2 2021. They certainly boosted 2020 results at the international lab and imaging group owned by Apax Partners. Like rivals Synlab and Sonic, the business continues to roar away. 

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.

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