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Hospitals

 

Bain Capital eyes controlling stake in India’s HCG from CVC Capital

Bain Capital, the American private investment firm, is the leading candidate to acquire a 60.4% controlling stake in India-based cancer care provider HealthCare Global Enterprises (HCG), from CVC Capital Partners, a Luxembourg-based private equity and investment advisory firm, CNBCTV18 reported. The stake is said to have been valued at approximately $356 million, while HCG’s market value stands at $589 million despite a 3% drop in its share price this year. Negotiations are ongoing, and the deal is not yet finalised. 

PE firm Quadria Capital to invest approximately $1 billion in Indian healthcare market

Asia's largest healthcare-focused PE firm Quadria Capital is going to invest approximately $1 billion into various healthcare companies in India’s healthcare sector in the next two and  a half years. The investment will be made into hospitals, pharmaceuticals, life sciences and medical devices. Sunil Thakur, Partner and Head of South Asia at Quadria Capital said […]

Blackstone eyes landmark private healthcare merger in India 

Aster DM Healthcare, a Dubai-based multinational private hospital group with operations in India’s Bengaluru, is said to be negotiating a merger with Hyderabad's Care Hospitals, one of India’s largest hospital groups. This potential merger could create India’s third largest hospital group.

Assura buys Northwest’s £500 million UK hospital portfolio

Primary care-focused UK REIT Assura has bought the entirety of multinational hospital-focused REIT Northwest Healthcare Properties REIT’s UK portfolio. The portfolio comprises 14 hospitals with an average of 36 beds each and is worth £500 million (~€583 million).

Interview: Duncan Leggat, Cymphony

Cymphony is a UK company that provides customer communications solutions such as telephone answering and appointment booking to private healthcare providers. In an interview with HBI, Duncan Leggat, Cymphony’s Finance Director, argued that high quality, personalised customer service is an essential part of a good healthcare service, and that, for providers focused on the premium/private-pay part of the market, the good old fashioned telephone is generally the most effective tool for achieving this.

Egypt opens door to private sector in healthcare

In May 2024, Egypt approved a law permitting private management of public hospitals, aiming to improve services. While the new law represents a potential opportunity for new investors and international operators, there are a range of factors prospective partners need to consider before entering the Egyptian healthcare market.

FREE BLOG Are PE firms guilty of ‘asset stripping’ hospitals?

A new study published in The Journal of the American Medical Association examines what happens to the total value of assets held by hospitals after they are acquired by PE firms, finding that it typically drops. Does this suggest PE firms are guilty of ‘asset stripping’ hospitals to enrich shareholders at the expense of hospitals’ long term interest? 

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