Europa Stream

 

Kry keeps mum on valuation but is “unlikely” to be devalued

Kry, the Swedish telehealth company also known as Livi in the UK and France, has raised US$160m of debt and equity funding in Series D follow-on funding. However, the firm has kept a tight lid on its valuation and observers are conflicted as to why this is.

CEOs change at Maisons de Famille

Philippe Tapié  has retired as CEO of Maisons de Famille, the European elderly care and nursing home group. He remains on the board of the firm’s Italian division.

British lab minnow takes on America

NVM Capital has bought a majority stake in Yorktest, the largest UK food intolerance testing lab. The company, which has doubled sales in two years, plans to expand in the USA where it faces Everlywell, which is valued at several billion dollars.

Centene sells Ribera

US healthcare giant Centene confirmed it has sold its Spanish and Central European subsidiaries to French private hospital group Vivalto Santé, but has yet to find a buyer for Circle Health, the second largest UK hospital chain.

Ramsay deal may unblock

Media reports suggest that Ramsay Santé, the 53%-owned continental European arm of Ramsay Health Care, may relent and allow KKR to carry out due diligence which would enable it to complete on its AU$88 a share bid. But investors were not convinced with the shares languishing at AU$69.84 at close of play.

Interview: Arjan Toor, CEO, Cigna Europe

HBI chats with Arjan Toor, CEO of Cigna Europe, about innovation in the insurance market against a backdrop of the pandemic, and a growing crisis in mental health.

Private Chinese hospitals in good health

Consulting group L.E.K. has released the results of its analysis Hospital Priorities 2022 (China edition). The survey of 120 hospital executives explains the sector’s focus points and achievements thus far and the implications of these priorities for pharma and medtech firms.

German hospital sector faces cliff

The number of hospitals losing money will more than double to 59% in 2022 and the situation is likely to get far worse as the Covid block payment comfort cushion has been removed. Meanwhile, statutory insurers face huge deficits, hospital productivity is falling and vacancies increasing. The annual 2022 hospital rating report from the Leibniz Institute of Economic Research and the Institute for Healthcare Business paints a truly dire picture.

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