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Finland

 

Solid Nordic results suggest more IPOs

Nordic healthcare groups Capio, Attendo and Pihlajalinna have released solid annual results after floating in 2015. Political risk appears to be fading in Sweden and new public-private opportunities are under way in Finland. Could rivals like Ambea and Humana file for IPOs in 2016? We look at the figures.

Finland’s largest ever healthcare property deal

Finland’s largest ever healthcare transaction has moved the property spotlight to the Nordics. Fund manager, Northern Horizon, sold 27 care homes with more than 1,000 beds for €155m to a fund managed by local investor eQ. Northern Horizon’s head of Finland, Jussi Rouhento, told us multiple institutional investors from central Europe made enquiries.

Finnish group Pihlajalinna expands clinic chain

Pihlajalinna, the recently listed Finnish healthcare to care chain, has bought Itä-Suomen Lääkärikeskus which owns six clinics across several towns in Eastern Finland. Pihlajalinna says the €6.8m is a net debt-free acquisition sum. The company will be added to Pihlajalinna's Dextra chain of clinics in the first quarter of 2016.

Patient apps to change business models

Integrated patient apps that bring together a suite of things from symptom checkers to telehealth are radically changing the business model for outpatient and hospital network Medicover, as well as other operators in some European countries. Meanwhile, health insurer Aetna is set to rebuild its business model for its global business, particularly in emerging markets, with an app at its heart.

Pihlajalinna plans war chest

Having IPOed as recently as June 2015, Finnish healthcare group Pihlajalinna is to ask shareholders for a mandate to issue an extra €40m in shares. The shares have soared 70% above the IPO price to over €17. A €40m issue would leave the company with €70m of net cash. What might the company buy and what does the move tell us about the Finnish market?

Attendo IPOs and aims to create Europe’s largest elderly care group by 2025

As forecast here, Attendo, the largest Pan-Nordic chain is to IPO on Nasdaq Stockholm, creating a group with a market cap of at least €861m (SEK8bn) at the end of November 2015. Henrik Borelius, CEO of Attendo, told Healthcare Europa that accessing more capital will allow Attendo to strengthen its position in the Nordics. The group aims to become the largest private care home group in Europe by 2025.

Report: Reforming healthcare – trends and trajectories

European countries are undergoing rapid and substantial demographic and technological changes. Yet, healthcare systems are still mainly state-funded and acute-focused, as they have been for the past 70 years. This is starting to change.

Finnish election leaves much uncertain

The future shape of Finnish healthcare remains undecided after the latest election result. The incumbent Conservative party failed to secure victory. This opens the way for a coalition led by the Centre Party of businessman Juha Sipila, probably with the anti-private sector Social Democrats.

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