News About M&A/IPOs

 

Mid Europa to put Regina Maria up for sale this summer?

Romanian Healthcare group Regina Maria looks like it will trade in 2019, with owners Mid Europa close to appointing a sell-side advisor and a decision possibly due this summer, HBI hears. We look at it in the context of private equity investments across Europe's hospital sector.

Finally, progress on Acibadem’s Bulgaria sale

Five months after the IHH-owned Turkish hospital group's Bulgarian and Macedonian assets were put up for sale, a deal finally looks in the making with two investors in late-stage discussions to buy the Bulgarian business, we are told.

Axa enters Irish nursing home market

French insurance and financial services company AXA has entered the Irish nursing home market for the first time by investing in a relatively large portfolio of homes operated by the country's biggest group, Mowlam Healthcare. We speak to JLL which brokered the deal.

Air Liquide further consolidates Swiss medicalised homecare

French medicalised homecare and gas giant Air Liquide is further consolidating the Swiss medicalised homecare market, with the acquisition of two homecare specialists. We speak to Air Liquide about its strategy in the country.

Cofinimmo acquires in the Netherlands

Belgian real-estate investor Cofinimmo is expanding its operations in the Netherlands, the smaller of its four markets, with the acquisition of a nursing home. We speak to a market expert about the acquisition.

IPOs no-show as market slows

Two of Europe’s biggest healthcare companies which were widely expected to IPO imminently are now, we hear, ruling out this year. Why the delay – and what does this tell us about the state of a slowing market? HBI speaks to an operator CEO and investment banking sources.

DomusVi further expands in Portugal

France's third-largest nursing home operator by revenue is expanding in Portugal with the acquisition of a home outside Porto. We speak to a market expert who feels Portugal presents interesting opportunities for consolidators from abroad.

Aedifica buys stepping stones into Dutch market

Belgium-based REIT Aedifica is expanding its portfolio in the Netherlands with the construction of an elderly care facility in an opco-propco deal with Dutch assisted living operator Stepping Stones. We speak to the chief investment officer at Aedifica about opportunities opening up in Dutch elderly care.

Abraaj hospital enters Lagos market as mandatory insurance launches

We talk to the advisor behind the largest ever all-share merger in Nigeria's hospital sector, which recently closed, combining an Abraaj-owned group with a Lagos hospital. The deal coincides with the city's mandatory insurance rollout, a reform that could be helping to prompt a surge in new capacity where Nigeria most needs it.

San Donato looks set to IPO

Despite a generally weak hospital IPO market in Europe, Italy's largest hospital operator by revenue, Gruppo San Donato, looks set to list - perhaps prompted by the strong start the country's stock market has made to 2019.

Top 10 merger in Ukraine as hospital reform looms

Competition authorities are looking at an acquisition involving two of Ukraine's largest hospital players, a deal which a source tells us is in anticipation of the upcoming reforms that will put private and public hospitals on a level footing.

Korian enters Spanish market, plans consolidation

European nursing home giant Korian has followed its French competitors onto the Spanish market with the acquisition of a high-end group in Andalucia. We speak to Korian's director of investor relations about why it finally made the move after years of steering clear.

Mubadala buys into long-term/post-acute rehab

Abu Dhabi's Mubadala Investment Company has acquired long-term, post-acute and home care group Amana Healthcare from existing shareholders. It comes as Dubai adopts DRG payments in the hospital sector this year which should propel the post-acute sector upwards, and the group tells us it is set to open a facility there imminently.

Elsan unlikely to trade before 2020

Despite rumours last year that CVC Capital Partners might be set to exit its large French hospital asset, we look at why this now seems unlikely -  and reveal which hospitals are performing the best and the group's EBITDA, together with a potential valuation.

European REIT buys big in UK care market

Belgian real-estate investor Aedifica SA has acquired a large portfolio of UK care homes and entered the market for the first time. At a time when margins are being squeezed and groups in this sector have proved slow to sell generally, is this a wise move? We ask three experts for their views.

Turkish private hospitals closing at a dizzying rate

We hear that a handful of independent private hospitals in Turkey have closed in the past few months as a faltering economy takes its toll, while larger groups are apparently cutting back on staffing to maintain margins.

Interview: Steve Grobet, Orpea

Nursing home giant Orpea turns 30 this year, and has a portfolio of 854 facilities and 86,757 beds across 13 different countries. We talk markets and strategy with Steve Grobet, head of Orpea's investor relations.

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