Growth in public sector outsourcing of imaging in Croatia and Slovenia has driven investor interest in the sector while Serbia has gone the opposite direction, with Affidea pulling out of the private pay-reliant market.
EU countries have already earmarked over €47bn euros to spend on health care from the €672bn Recovery and Resilience Facility (RRF), the continent's centrepiece of COVID-19 recovery. Digital innovation, primary care and long-term care are clear spending priorities across the board. We should know the full allocations next week.
Private sector penetration of care home markets varies across Europe. This week's infographic shows how care home ownership divides between the for-profit, non-profit and public sectors in European countries.
Turkish healthcare group Acibadem has entered Serbia for the first time, acquiring a 70% stake in hospital operator Bel Medic. HBI speaks to a Serbian financial specialist consultant to find out more.
Cigna now describes itself as “a global health service company” rather than an insurer and has reorganised its European operations. Toor has recently been promoted to CEO Europe. He says that the insurer, which has 15% (US$840m) of its revenue in Europe, doesn't want to verticalise through owning primary care providers but wants instead to provide an end-to-end user experience.
Private healthcare markets in CEE/Southeast Europe are set to crash this year due to economic contractions at home and abroad, with many countries highly reliant on remittance money from abroad.
Nearly a third of all private equity-owned health care businesses in Europe have been held for at least five years, according to the new HBI Deals Pipeline tool. That suggests many private equity houses are struggling to sell on their investments.
Ten months after entrepreneur Joseph Priel unexpectedly died, HBI understands that Edna Priel, his wife, has started to be increasingly hands on with the management of the family's assets and investments in Croatia, Hungary and Romania.
HBI hears that some of Croatia's private health insurers have been buying polyclinics in a bid to verticalise the outpatient market, but an investor says that it can be difficult to make the model work.
There will be no hospital privatisations in Croatia for the foreseeable future, according to a local hospital executive, despite moves by international hospital groups implying the contrary.
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