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Finland

 

IPOs galore in the UK, Sweden and Finland

A wave of IPOs in the Nordics and the UK look likely in healthcare services. Investec is planning to IPO fast-growth British teleradiology group Medica and East European outpatient player Medicover is supposed to be IPOing in the second quarter in Sweden. Meanwhile the two largest Finnish providers look set to IPO in 2017.

Interview: Päivi Metsäniemi, Chief Physician and Juha Tuominen, CMO, Terveystalo

Terveystalo, Finland’s largest private healthcare provider, has developed a monitoring and data analytics package to better identify patients at risk of or suffering from type 2 diabetes. The group says it could help the country save €2bn a year and that it is already making a profit from Etydi. We speak to Päivi Metsäniemi, Chief Physician, and Juha Tuominen, CMO, at Terveystalo, who have applied to the HBI 2017 awards in the Best Use of Digital Health category.

Finland prospects brighten further

Specialist care could be provided under a voucher scheme in Finland and freedom of choice in health and social care will be even more extensive than previously hoped, say quoted care and outpatient group Pihlajalinna.

Attendo steady but outsourcing drops

With nearly 10% operating margin, Sweden’s largest elderly care services provider Attendo reports a good 2016 performance and sees its shareholders’ dividends more than double. But the results also highlight challenges in the outsourcing market and the group reports poor organic growth.

Sote reform could end our outsourcing model in Finland, says Pihlajalinna CEO

The Finnish Sote reform, which will bring freedom of choice into health and social care, will spell the end of the current outsourcing model used by Pihlajalinna, says its CEO Aarne Aktan. It’s not certain the new regional health authorities will pursue the joint ventures that the group has profited from, he said, and it's behind in the race to establish a consumer brand.

Interview: Aarne Aktan, CEO, Pihlajalinna

The health and social care group, Pihlajalinna, is the biggest (and arguably hardest to pronounce) name in Finnish outsourcing. It opened its first joint venture with Jämsä in 2010 and now receives 55% of its sales through this model. But the Finnish Sote reform, which will totally reshape the market, is fast approaching. Still, Aktan claims that Pihlajalinna, a weak consumer brand, will adapt to freedom of choice and the end of outsourcing as he knows it.

Interview: Daniel Öhman, CEO, GHP

With 18 facilities across Sweden, Finland and the UAE, GHP has pioneered “holistic” centres, each focused on specific conditions. So someone with a back problem can get physiotherapy, surgery, osteopathy and even psychiatry from one centre. GHP is also now managing four hospitals with 700 staff in the UAE. We talk to Öhman about GHP’s work with Swedish insurer Skandia which now pays the company on a per capita/quality basis for patients with orthopaedic and spine problems, conditions which make up nearly half of all pay-outs for insurers. We think this move to per capita payments for such conditions from some form of DRG payment is unique in Europe.

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