India-based multi-speciality healthcare provider Manipal Hospitals has agreed to acquire the Bangalore based Vikram hospital for an estimated Rs 360 crore ($50m) from Multiples Private Equity Fund.
Icade will separately list its healthcare division Icade Santé on the Euronext by the end of this year, becoming Europe's largest healthcare-only REITs. The news comes as Aedifica singles out healthcare as the main spending target of a new €287m raise.
The Nordics and UK lead Europe in the move to day-case and outpatient surgery but France is catching up fast, having quadrupled its own outpatient surgery proportion in the past decade, HBI analysis of OECD data shows. The analysis of 17 procedures across 22 countries confirms much of the past anecdotal evidence on the for-profit sector in each country.
The future of the UK NHS is changing according to the recent White Paper and Queen's Speech - we're moving towards collaboration not competition and a Secretary of State for Health with wider powers. But current incumbent Matt Hancock's reputation is damaged and his political capital on the wane. HBI heard at a Kings Fund digital event that this could prove a problem for the NHS.
Attendees at the HIMSS-21 virtual conference this week heard how Covid has created a world where there is 'no such thing as telecare, just care", and how Israel's substantial successes in battling COVID were, in no small part, down to it's digital preparedness.
NMC's creditors are now in the driving seat, after a take-it-or-leave it ultimatum from joint administrators Alvarez and Marsal left them with little option other than to accept a financial restructuring plan which wipes out billions of dollars owed to them, in return for ownership of the business.
The market welcomed a strong Q4 performance from India's second-largest for-profit hospital chain by revenue, Max Healthcare, last week. Record-breaking Q4 EBITDA appears to have offset any potential market concerns that could have arisen from reporting a drop in revenue, and a resurgence of COVID, especially around the capital.
Kuwait International Bank is selling off the debt it is owed by NMC Health, the UAE's largest hospital group which remains in administration following a fall from grace precipitated by short-seller Muddy Waters' report back in 2019.
South-East Asian private equity firm Navis Capital Partners has bought a buy-and-build platform for hospitals across Malaysia, Aurelius Healthcare. It wants to own 10 hospitals before it exits.
Brazil's largest hospital group Rede D'Or has raised $340m in new shares with a follow-on that includes Carlyle selling down its stake. It says it will use the proceeds of the primary offering to build and acquire new assets.
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