Market welcomes strong Q4 for Max, despite Covid-related revenue drop in FY21

The market welcomed a strong Q4 performance from India's second-largest for-profit hospital chain by revenue, Max Healthcare, last week. Record-breaking Q4 EBITDA appears to have offset any potential market concerns that could have arisen from reporting a drop in revenue, and a resurgence of COVID, especially around the capital.

Whistleblower and low occupancy hit Attendo

Pan-Nordic care group Attendo, which runs 350 nursing homes in Scandinavia, is struggling to recover occupancy in Sweden. The picture is better in Finland, but a scandal over the treatment of a whistle-blower in the Swedish press has damaged the groups image. 

COVID testing doubles Synlab’s Q1 revenue

Europe's largest lab group Synlab continues to see huge COVID-19 driven growth with organic revenue doubling and EBITDA quadrupling in the first quarter. 92% of that growth came from COVID-19 testing.

Interview: Marc Saillon, CEO, Almage Alzheimer Centers

The French nursing home sector has produced some of the largest consolidators in Europe, such as Orpea and Korian. But even small groups are looking at international expansion. Almage, a group with just six homes and 530 beds dedicated to Alzheimer care, plans to hit Spain in the next few months and is looking at other European markets. Marc Saillon, the CEO of Almage Alzheimer Centers, also tells us that the group has expanded into consultancy in China.

No private healthcare bounce back yet

Admissions to private hospitals in the UK are still well below pre-pandemic levels with activity in January and February down on last year. The expected demand boost for private healthcare due to NHS waiting list pressures is yet to materialise. 

India’s Covid crisis to peak ‘for another two weeks’

Indian hospitals are struggling and failing to cope with the ruinous COVID-19 wave running rife through the country. As resources dwindle and the international community steps up efforts to assist, HBI talks to an exhausted Delhi-based for-profit hospital operator source who is on the frontlines. He says their modelling predicts another two weeks of intense pressure.

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