Hungary

 

Affidea bought by Groupe Bruxelles Lambert

Groupe Bruxelles Lambert (“GBL”) has signed definitive agreements to acquire a majority stake in European imaging and cancer treatment provider Affidea from B-FLEXION, the private investment firm of the Switzerland-based billionaire Bertarelli family. GBL will invest up to €1bn of equity for the transaction which is its first substantive healthcare investment.
April 19, 2022

Will record results for Synlab precipitate Cinven sale?

Almost a year after its IPO, lab giant Synlab has posted strong FY21 results bolstered by Covid, but not, it says, dependant on it. Management say extra cash will be used as a springboard for growth. Could it also lead to private equity majority shareholder Cinven selling its remaining interest?
March 17, 2022

Affidea sale – potential price and buyers

European imaging and cancer treatment provider Affidea is for sale according to multiple sources. HBI chats to an operator source to find about more about the sale and to speculate on price and purchasers.
December 22, 2021

HBI Interview: Carlos Nueno, President, International, Teladoc 

How fast is the world outside America adopting telehealth and digital care in all its forms? Who better to ask than Carlos Nueno, president International for Teladoc Health, which ties with Ping An from China for the title of the world’s largest telehealth operator. So, what new business models are being rolled out and when? And how are countries adopting the new technology?
September 16, 2021

Billionaire swallows Hungary’s second-largest private operator

Hungarian billionaire Sándor Csányi has bought out the remaining 25% equity of Buda Health Center, Hungary's second-largest private acute care operator by revenue, from its founder. The new ownership is set on completing the construction of a new inpatient block. 
September 1, 2021

Hungary’s consolidators grow through COVID as ‘grey’ market formalises

Hungary's largest private acute care operators continued double-digit revenue growth of previous years in 2020 despite COVID-19, HBI can reveal. Recent analysis by analysts shows much of the sector's pre-pandemic growth may have been enhanced by capturing the 'grey' market of previously under-the-table private pay.
January 28, 2021

Why your communications director could be your next CEO

The biggest for-profit hospital operators in Australia, Hungary and Norway have all appointed new CEOs internally from communications roles or backgrounds in 2020. Is this indicative of a wider trend in the healthcare sector? The three women appointed tell HBI why it makes sense.
November 5, 2020

Hungary’s doctor pay increase ‘not yet’ like Romania’s

In a bid to boost retention, Hungry has increased public salaries for doctors by as much as 120%. A similar hike in Romania last year damaged the bottom line of the private sector. But HBI hears that three-quarters of doctors are refusing to sign the new contract and it could have the opposite effect by taking doctors out of the public sector altogether.
October 28, 2020

COVID widens fault line between outsourcing and private pay in Hungary

Hungary's private pay-focused operators should maintain double-digit growth in 2020 despite COVID-19 while those reliant on public outsourcing face an uncertain future, the chairman of the fourth-largest private acute care provider tells HBI. Affidea just lost a large outsourcing contract while a billionaire and venture capital funds have recently entered the market.
August 6, 2020

Interview: Arjan Toor, CEO, Cigna Europe

Cigna now describes itself as “a global health service company” rather than an insurer and has reorganised its European operations. Toor has recently been promoted to CEO Europe. He says that the insurer, which has 15% (US$840m) of its revenue in Europe, doesn't want to verticalise through owning primary care providers but wants instead to provide an end-to-end user experience.
July 21, 2020
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