M&A/IPOs

 

Ramsay Sime Darby targeting $300m spin-off IPO

HBI understands that Malaysian/Indonesian hospital group Ramsay Sime Darby has appointed banks for a $300m IPO. One side of the JV says that expansion in healthcare is a key strategic focus, the other appears notably quiet about its investment in Asia. FY2020 saw profits drop for "the first time in many years" as COVID struck.

Apax Partners France acquires Mentaal Beter

Apax Partners France has acquired Dutch psychiatry group Mentaal Beter. Partner Marc Benatar tells HBI that the group is planning to export its protocolised, pure outpatient model elsewhere in Europe through M&A.

Advent buys from bankrupt Dentix

The largest shareholder in Spain’s dentistry group Vitaldent, Advent International, is acquiring 80 dental clinics from struggling Dentix, and the Dentix brand.

Aetna Global Benefits for sale

The sales process has started on the sale of one of the top four global ex-pat healthcare insurers, HBI hears. We name names and potential buyers in what is likely to be a billion dollar plus deal.

Waterland buys Priory, plans €2bn Median merger after propco sale

PE firm Waterland is buying UK mental health and adult specialist care operator The Priory Group from American Acadia Healthcare for €1.2bn and will merge it with existing portfolio company German rehab chain Median to create a c.€2bn revenue group, the sixth-largest for-profit acute operator in Europe by revenue. We talk to Waterland partner Dr Carsten Rahlfs and Median CEO Dr Andre Schmidt on the deal, plans with Priory and whether selling off the majority of its real estate to MPT is sensible.

Fresenius Helios buys Eugin, Elsan buys C2S

German and Spanish for-profit hospital operator Fresenius Helios has acquired global IVF operator Eugin from in-administration NMC Health, while French number two hospital group Elsan has bought smaller competitor C2S. What does the deal pricing for both say about relative valuations in the two sectors and any COVID impact? 

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