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Laboratory Services

 

Gulf States to boost PPPs, eHealth, preventive care and long-term care

In its comprehensive annual report on the healthcare industry in the Gulf Cooperation Council (GCC) states, private equity house Alpen Capital explores current trends. Projecting the GCC total private and public healthcare market to grow 12.1% to $71.3bn in 2020, it highlights population growth, the introduction of health insurance and rising healthcare costs as key drivers –resulting in the development of PPPs, eHealth, preventive care and long-term care.

Voxel deal looks close

Due diligence is being carried out on the majority stake in Polish imaging to IT services group Voxel, Healthcare Euopa can reveal. Meanwhile, the company, which is quoted on the Warsaw Stock Exchange, has just announced stonking figures for 2015.

Reprieve for German labs

Negotiations over the controversial GOA rate, the tariff paid for medical services by private insurers in Germany have broken down after doctor’s association the Bundesärztekammer failed to reach agreement with the insurers. That is bad news for most providers, who had hoped for a hike of roughly eight percentage points, but good news for labs who feared drops of 30-70% for standard tests. Meanwhile, labs say the danger of a big cut in the rate paid by statutory insurers has receded.

TVM seeks a dozen investments for new fund

TVM Capital Healthcare is to raise a third growth capital fund to invest in a dozen healthcare services, medtech and pharma companies. With a target of $300m, the new fund is six times larger than the first $50m fund raised in 2010, which was invested in five Middle East healthcare service groups and an Egyptian medtech player. The sole sale from that round has already netted $50m for TVM. So what is CEO Helmut Schuehsler looking for this time round?

Hospital group buys Mexico’s largest diagnostic chain

Private equity house Inbursa has sold Mexico's largest lab and diagnostic centre network, Laboratorio Médico Polanco, to the country's only quoted hospital group, Médica Sur. The deal values Polanco at MXN 1.7bn (US$93m) including debt. Our sources say this is the largest healthcare services deal ever in the country.

Apollo continues to diversify

India’s largest hospital group, Apollo Hospitals, has launched a national reference lab in Hyderabad and announced plans to open 200 more labs and 1,000 collecting centres in the next five years. The subsidiary, Apollo Health and Lifestyle, will invest between INR 150 crore (US$22m) and INR 200 crore (US$30m) predominantly in tier 2 cities

Interview: Ekaterina Timofeeva, Principal, The Boston Consulting Group, Russia

In last month’s Russian feature, we investigated what looked to be a stunted and troubled market. Just as private healthcare was getting its act together the faltering economy has depleted disposable incomes and driven supply costs sky-high. Of course, the reality is more complex and conceals a number of opportunities. Ekaterina Timofeeva, for one, is optimistic. Margins of 40% or more are gone for now, but don’t give up on Russia just yet. She points to a new international medical cluster outside Moscow that is expected to attract 80bn roubles (€900m) of investment.

Report: East Africa – rising slowly, steadily, surely

The private sector plays a key role in healthcare delivery across Africa. While the East African economies of Kenya, Uganda and Tanzania are experiencing relatively high growth, public sector healthcare facilities are sub-standard. The private sector already accounts for nearly half of total expenditure and is coming up with innovative and affordable ways to provide services. Here we look at the main groups and track trends.

Why did Novo buy an option in Synlab?

Cinven has sold an option to acquire more than 10% of Synlab to Novo A/S last year’s underbidder for the pan-European lab group. So why is Novo so keen on labs and what are its wider plans for its Large Investment group in healthcare services? Ontario Teachers also took a stake in Synlab in October 2015. We talk to Michael Shalmi, Head of Large Investment at Novo A/S.

Report: Russian national survey – weak go to the wall

The oil crisis is smashing up public sector healthcare in Russia and many private operators are strangling on dollar-denominated debt. A third could disappear. Many cash-strapped consumers are turning to the grey market of gifts and bribes, rather than paying private operators. The next few years should bring a wave of consolidation as the strong in the private sector, which still enjoys huge tax breaks and strong demand, take control. We name the top 20 players and look at market forces.

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