France

 

Surprise result in France’s national assembly elections as left wing alliance comes out on top

No clear path for the French parliament with no grouping capable of securing a majority, as the far-right National Rally unexpectedly falls to third. The second round of the French National Assembly elections produced a shock perhaps even greater than that delivered by the National Rally’s successful European elections, as the left wing alliance defied earlier polling and emerged as the biggest grouping in the legislature.

PMI’s changing business model

Access to primary care is now the number one reason people in the UK want private medical insurance (PMI), according to data collected by UK health insurer Vitality. Other NHS countries have been seeing similar trends since Covid. Katie Tryon, Vitality’s Director of Health Strategy, spoke about how this has completely changed the PMI business model — for the better — at HBI’s conference last month.

Eurofins’ share price falls after allegations it is “optimised for malfeasance”

Multinational French labs group Eurofins saw its share price lose almost a quarter of its value on Monday after US investigative research and investment firm Muddy Waters released a report highlighting numerous “oddities and contradictions” which it believes suggest the group is “optimised for malfeasance”. The share price regained most of its lost value after Eurofins published a rebuttal which addressed some of the issues raised in the report. However questions still remain, most pertinently over allegations that the firm’s CEO and founder, Gilles Martin, has been using real estate to “siphon” off money from the company.

Veterinary fundamentals as strong as human healthcare, with more consolidation opportunities and less regulatory risk

Speakers at HBI’s first ever panel on the veterinary sector made a compelling case for the sector’s investability to HBI 2024 attendees. Demand is resilient and growing, supported by a growing number of pets as well as greater expenditure from pet owners as the range of services expands. Demand growth is also supported by greater price flexibility than human healthcare typically has in most European countries. And almost all the continent’s markets remain unconsolidated. 

HBI News Round Up, 21st June 2024

In this HBI News Round Up, we look at the outcome of Dutch primary care chain Co-Med’s bankruptcy hearing in the Netherlands, French real estate investor Transitions Europe’s entry into Spain’s care home sector, PE firm Columna Capital's latest €290m raise, Spanish hospital group Ribera Salud’s acquisition of Covadonga Hospital in Spain, the extension of the Greek government-backed EquiFund-2 programme to finance life sciences and healthcare start-ups, real estate investor PGIM Real Estate’s acquisition of UK senior housing provider Signature Senior Lifestyle, the first strike by public sector healthcare workers in Sweden in 16 years, and pan-Asian hospital group IHH's desire to enter Vietnam and Indonesia. 

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