Private Equity firm Key Capital Partners (KCP) has sold its majority interest in long-term homecare operator Routes Healthcare, through a secondary buy-out backed by Palatine Private Equity.
The pandemic is causing many businesses and their investors to reassess their plans - and their portfolios. HBI speaks to Ray Berglund, Head of European Healthcare and Life Sciences at management consultants Alvarez & Marsal, and his colleague and Managing Director Dominic Orchard, about why they have never been busier, and the clear trend they are seeing towards carve-outs.
Low pay rates for homecare workers in Northern Ireland are under fire, and a campaign to end short 15-minute visits for older people and fee rates of £15 an hour is gathering momentum. South of the border the Republic is proving far more attractive to investors. HBI talks to Mairead Mackle, CEO of the biggest independent Irish homecare provider Homecare Independent Living (HCIL), to find out more.
The future of the UK NHS is changing according to the recent White Paper and Queen's Speech - we're moving towards collaboration not competition and a Secretary of State for Health with wider powers. But current incumbent Matt Hancock's reputation is damaged and his political capital on the wane. HBI heard at a Kings Fund digital event that this could prove a problem for the NHS.
This week HBI breaks down data from several sources and illustrates the share of informal homecare in European Countries and the UK. It makes clear just how much care at home is being illegally delivered.
The German government is to legislate an increase in care worker pay, and improve conditions. HBI speaks to a Berlin-based operator to find out more - including why the move has not been universally welcomed.
Variation in homecare tariffs across the Danish municipalities is making growth in the for-profit sector difficult and forcing consolidation of smaller companies that cannot price match, HBI hears from several sources.
Job applications for social care have dropped off a cliff in the UK as the economy starts to open up, according to an operator. Groups in Germany, France, the Netherlands and Austria say they are still seeing a surge.
M&A slowed to a trickle during COVID but the next six weeks will see a flood of deals. HBI examines the deals that are about to happen, the companies looking to IPO, and reviews a handful of deals that remain resolutely on hold for the moment.
The Danish regions have collectively tendered more than €250m worth of homecare services since the beginning of the year. Municipalities are finally shrugging off a hostile approach to for-profit healthcare, which HBI understands is driven by a desire to avoid further bankruptcies in the sector.
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