News About Hospitals

 

Private equity bids for The Philippines’ largest hospital group

American private equity giants are reportedly vying for a minority stake in Metro Pacific Hospitals, the largest private hospital group in The Philippines, but are valuing the group at a lower price than initially speculated. Euronews reports that bidders including KKR, Blackstone, CVC and Singaporean wealth fund Temasek holdings are competing for a stake in the […]

NMC Health shares soar as investors bid for stake: but is it a serious offer?

Unnamed groups, one linked to Chinese conglomerate Fosun, have reportedly bid nearly $2bn for a 40% stake in London-listed global healthcare group NMC Health, according to a Reuters story, sending the share price soaring on the same day as its H1 2019 results. But the offer looks like it is still far below NMC Health's peak share price of August 2018, so why on earth would they sell now? We give the reaction of analysts, advisers and investors. 

Regina Maria buys in Northern Romania

Romanian healthcare group Regina Maria, the second-largest for-profit health care group in the country by revenue, has acquired a clinic in the North as part of an active growth strategy before a likely sale next month, September 2019, by Mid Europa. We speak to a local consultant about the move.

UK NHS Trust pulling out of Abu Dhabi

We hear that a UK NHS Trust, one of several to have set up healthcare facilities in the GCC in the past decade, is close to offloading its Abu Dhabi clinic to a local private operator. We discuss the success of NHS Trusts in the GCC generally.

Interview: Peter Graf, CEO, Tiohundra

Uniquely, we think in Europe, Tiohundra, an organisation serving a municipality of 62,000, has fully merged social care and health care delivery. Social care (elderly care, disabled care, homecare, psychiatry) and health care (hospitals and primary care) – have been melded in to a single organisation. So what are the learnings? And are we going […]

Share prices plummet at prospect of health insurance ‘ban’ in South Africa

Shares in South Africa's biggest health insurer have plunged 20% since the publication of a new NHI bill which proposes 'banning' health insurance for the vast majority of healthcare funding. Private hospital share values have also taken a nose-dive. HBI speaks to Discovery's CEO and assesses who else might be hit by the changes.

Terveystalo conjures CEO out of Finnair

Terveystalo has appointed a man who spent 18 years at a Finnish airline as its new CEO. In the same week, Pihlajalinna is dropping 180 of its management staff to cut costs.

Rede d’Or grabs stake in insurance broker Qualicorp

Brazil's largest hospital chain by revenue Rede d'Or has acquired a minority stake in Qualicorp, a broker in the sale of healthcare insurance for members of professional organisations. The move spells a new era for Qualicorp and increases both parties' bargaining power in the face of insurers, meaning potentially cheaper health plans. We interview a member of the board of directors at Qualicorp.

Pushing water up a hill – the trials and tribulations of the German hospital market

What does the future look like for the German hospital sector - for-profit, public or not-for-profit?  Two things are sure. In the land of over-bedded, many are effectively zombies, kept alive by hand-outs from local politicians. That category would include all small local general hospitals, many general regional hospitals and sub-scale specialist hospitals. "In an […]

Ex-Abraaj health fund’s greenfield projects finally coming online

The Evercare Health Fund, formerly Abraaj's Growth Markets Health Fund (AGHF) before the PE firm's fall from grace and now managed by TPG, is finally starting to deliver on its big greenfield projects in the most difficult emerging markets, with the Pakistan hospital recently opened and the Lagos, Nigeria, facility expected in Q2 2020. We talk to a source close to Evercare about the Lahore hospital, the whole platform today and the strategy going forward.

Private sector preps for second stage of Ukrainian reform

The Ukrainian government has started to unveil how the country's hospital sector will operate when it's added into ongoing healthcare reforms at the beginning of next year. HBI explores opportunities for the private sector.

Japan: Overview of health and care system and LT care insurance

Japan has a large and thriving for-profit elderly care sector and leads the world with its long-term insurance policy that is mandatory for everyone over 40.  We talk to Matt McEnany, a manager at the Japanese think tank Health and Global Policy Institute about the Japanese care and hospital sectors, the direction of reform, the market share of the top five for-profit groups in care and plans to export the Japanese model.

MPT expands UK footprint through €400m deal with Ramsay

US REIT Medical Properties Trust (MPT) has acquired eight Ramsay UK hospital properties from Secure Income REIT, paying around €400m for the facilities which have fixed annual rent inflators. It is another large propco deal at a time when operating companies are failing to sell in care homes, and going for peanuts in the hospital sector.

Interview: Burcu Ozturk, CFO, MLP Care

We talk to the CFO of Turkey's largest private hospital group by beds, MLP Care, 18 months on from its Istanbul listing. Burcu Ozturk discusses the Turkish economy, MLP's postponed M&A plans and growing its private and international revenues amidst a stagnant statutory insurance segment.

Hapvida buys another rival

HMO Hapvida is cementing its presence in Southern Brazil with the acquisition of another rival, its third takeover this year.

MedMa invests in radiotherapy

The Russian investor behind Citilab, Nefroline and Genome is set to invest RUB350m ($5.5m) in a radiotherapy centre in western Russia.

Triton to buy Aleris for 18x EBITDA

Private equity group Triton is to acquire Aleris' healthcare services business, nine months after owner Investor AB sold off its social care segment. It values Aleris at 2.6-2.8bn SEK (€246-265m) or 17-18x 2018 EBITDA. 

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