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Hospitals

 

Spire’s share price spikes over rumours of acquisition by Devi Shetty’s Narayana Health

Spire Healthcare, the UK’s largest for-profit hospital group, saw its shares jump 9% on the morning of Friday November 29, after rumours were published in the Indian press that Indian hospital group Narayana Health was looking to acquire it. The shares dropped back down again, however, after Narayana released a statement saying there is “no material information or event” requiring disclosure at this time.

PureHealth considers buying NMC in UAE

PureHealth Holding PJSC, a United Arab Emirates-based healthcare company, is considering an acquisition of NMC Healthcare, a private healthcare network in the same region, Bloomberg reports, citing “people familiar with the matter”.

German states resisting hospital reform, Health Ministry threatens to withhold financing

Germany’s federal states are attempting to amend the Hospital Care Improvement Act (Krankenhausversorgungsverbesserungsgesetz, KHVVG), which was approved by Germany’s Bundestag in October but still has to be voted on by the upper house. The federal health ministry is threatening to withhold finance for the states if they block the reform.

What do the struggles of Australia’s private hospitals mean for private equity investors?

Private hospitals in Australia are facing a severe financial crisis, as highlighted by a recent Department of Health review. While the financial struggles of these hospitals are not new, this is the first time the government has conducted a review and officially acknowledged the issue. The review found that private hospital profit margins have nearly halved over five years as costs outpaced revenue, with “imminent closures” likely without urgent government intervention.

Investors eye Malaysia and Southeast Asia’s strengthening digital health markets

Malaysia's digital healthcare transformation started with the introduction of the National Telemedicine Blueprint in 1997. The country has been slow in progressing but opportunities for investments are increasing in recent years. The aim is to have a nationwide Electronic Medical Record (EMR) system by 2026. The Ministry of Science, Technology, and Innovation (MOSTI) launched the Technology and Innovation Sandbox in 2020 to accelerate digitalisation across socio-economic sectors in Malaysia. As of 2021 data, healthcare has been a primary beneficiary, receiving highest tech support. 

Portobello acquires minority stake in Clínicas Mi

Portobello Capital, a mid-market private equity firm based in Spain, has acquired a minority stake in Clínicas Mi, a Catalan private hospital group, to ‘drive its expansion through organic growth and strategic acquisitions’. With the goal of doubling its revenue and reaching €100 million in a few years, Clínicas Mi, led by the Masfurroll family, will continue to grow with Portobello’s support. 

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