Libya

 

Interview: Ahmed Badreldin, Partner, The Abraaj Group

No other private equity house can match Abraaj’s experience of investing in healthcare services in the developing world. A lead investor in Turkish hospital group Acibadem, which was then sold to IHH, the international hospital chain, Abraaj has rolled out a lab buy and build in Egypt, Africa and the Middle East, has recently started a similar play building a Pan-North African chain of hospitals and has also invested in half a dozen hospital and outpatient clinics across sub-Saharan Africa. Ahmed will be speaking at Healthcare Europa 2015 on April 28 in London.

Clawback costs Greek hospital sector over €100m

Greek hospitals got another kicking in 2013 with a clawback which cost the crippled sector well over €100m. But some are managing to keep their heads above water. Are there signs that the tide has finally turned?

Still no clear future for Greek hospitals

The big four private Greek hospitals still face a very uncertain future. Still, there is a faint dawning of hope: the government has announced that it will cut public healthcare expenditure by €2bn. Greek health spending is at 5.5% of GDP, already less than half that of France or the UK.

Greek hospitals face wall of debt and yet there are opportunities

The situation in Greece is perilous, with hospital groups facing a wall of maturing debt at the end of the year, while the banks are unable to offer refinancing. The private sector is staying afloat thanks to an influx of Libyan healthcare tourists and a retreating public sector - but will the big private groups survive if Greece stays trapped in economic crisis? We talk to Greek private equity house Marfin, among others, about the state of play.

FREE BLOG Just how many medical tourists leave the US for treatment abroad?

Many claim the figure is in the region of 500,000 to 2 million. A new study "Medical Tourism Services Available to Residents of the United States" published in the Journal of General Internal Medicine, which surveyed 45 agencies specialising in medical tourism concluded that the total number since these agencies started is around 13,500. This chimes with McKinsey research which puts the real number at 65,000 to 80,000...

New CEO and strategy at USP

USP Hospitales, the third largest private hospital group in Spain after Capio and Centro Medico Teknon, has appointed a new chief executive, Francisco de Álvaro and has come up with a new strategy which will see capital expenditure cut heavily....

Italian diagnostic lab sector faces rapid change

The 1,000 small private diagnostic labs in southern Italy, who are used to charging 2 to 3 times as much as their counterparts in Northern Italy, are in for a rude shock, says Dr Angelo Gironi, head of CAM Centro Analisi Monza, one of the largest private lab in Lombardy. ...

FREE BLOG WHITHER healthcare tourism?

I talked recently to a private equity investor who said he did not really believe in healthcare tourism. Well, I can understand scepticism at all the hype, but it does exist and it will start growing fast in Europe again in a year or so...

FREE BLOG Libya – the new frontier?

But it soon becomes believable when you start talking to ordinary citizens like the taxi-driver whose father died in a private Tunisian hospital and whose aunt goes once a quarter to Tunis to monitor her kidneys...

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