News About M&A/IPOs

 

Private equity bids for The Philippines’ largest hospital group

American private equity giants are reportedly vying for a minority stake in Metro Pacific Hospitals, the largest private hospital group in The Philippines, but are valuing the group at a lower price than initially speculated. Euronews reports that bidders including KKR, Blackstone, CVC and Singaporean wealth fund Temasek holdings are competing for a stake in the […]

NMC Health shares soar as investors bid for stake: but is it a serious offer?

Unnamed groups, one linked to Chinese conglomerate Fosun, have reportedly bid nearly $2bn for a 40% stake in London-listed global healthcare group NMC Health, according to a Reuters story, sending the share price soaring on the same day as its H1 2019 results. But the offer looks like it is still far below NMC Health's peak share price of August 2018, so why on earth would they sell now? We give the reaction of analysts, advisers and investors. 

Regina Maria buys in Northern Romania

Romanian healthcare group Regina Maria, the second-largest for-profit health care group in the country by revenue, has acquired a clinic in the North as part of an active growth strategy before a likely sale next month, September 2019, by Mid Europa. We speak to a local consultant about the move.

GesundHeits sale falls through

HBI exclusively hears that German medicalised homecare specialist GesundHeits GmbH (GHD) has pulled the plug on its sales process, despite entering a second round of talks and claiming it received interest from over 25 prospective buyers. We speak to a market expert about what happened.

Polish imaging group could sell next year

One of Poland’s largest private imaging groups could be sold by its private equity owners Tar Heel Capital next year. We talk to Tar Heel Capital managing partner Andrzej Różycki.

Rede d’Or grabs stake in insurance broker Qualicorp

Brazil's largest hospital chain by revenue Rede d'Or has acquired a minority stake in Qualicorp, a broker in the sale of healthcare insurance for members of professional organisations. The move spells a new era for Qualicorp and increases both parties' bargaining power in the face of insurers, meaning potentially cheaper health plans. We interview a member of the board of directors at Qualicorp.

French radiologists “desperate to sell” as Germany consolidates

There is massive pent-up demand amongst France's outpatient radiologists to sell their practices, an investor claims, and while plenty of investors are eyeing up the sector, no one is yet willing to make the first move and face the backlash from the medical profession. Across the Rhine, consolidation is already happening.

Italian KOS Charlestons into Germany

Italy's second-largest nursing home group by revenue, Gruppo KOS, has entered Germany for the first time with the acquisition of fast-growing residential care group Charleston. We discuss multiples and market dynamics with a sector expert.

Bridgepoint “exploring” €2bn sale/IPO of Diaverum

As first reported by HBI, dialysis group Diaverum looks certain to be sold by Bridgepoint. Reuters now suggests that Diaverum is "exploring" and "testing the appetite" for a €2bn sale of the global dialysis group Diaverum. We go through potential buyers.

Four Seasons attracts bidders – but is the price right?

UK nursing home provider Four Seasons, one of a number of care home assets failing to sell in the UK, is beginning to attract bidders within a £400-600m price band. We discuss pricing, bidders, multiples and views on the market.

Hapvida buys another rival

HMO Hapvida is cementing its presence in Southern Brazil with the acquisition of another rival, its third takeover this year.

Renal Services CEO: “not for sale but anything is possible”

There are strong rumours that UK dialysis provider Renal Services will be put up for sale in the next 12 months. CEO and majority shareholder Stefano Ciampolini tells HBI that while there is no process or mandate at the moment, the group is mulling its options.

Triton to buy Aleris for 18x EBITDA

Private equity group Triton is to acquire Aleris' healthcare services business, nine months after owner Investor AB sold off its social care segment. It values Aleris at 2.6-2.8bn SEK (€246-265m) or 17-18x 2018 EBITDA. 

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