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M&A/IPOs

 

KKR and GIC struggling to sell Filipino hospital chain Metro Pacific for $3 billion

The sale process for Filipino hospital chain Metro Pacific Hospital Group has stalled due to price misalignment. US private equity firm KKR and Singaporean sovereign wealth fund GIC haven't managed to sell their joint 80% stake at the $3 billion + valuation they were targeting in 2024. The two main interested parties, US private equity firms TPG and Blackstone, think the roughly 20x multiple is far too high. HBI hears one of the bids came in as low as $2 billion.

Australian competition regulator is reviewing GE Healthcare’s Intelerad acquisition

The Australian Competition and Consumer Commission (ACCC) is reviewing the acquisition of medical imaging software company Intelerad by US medtech firm GE Healthcare.  The acquisition of Intelerad by GE from London-based private equity firm Hg Capital was announced in November 2025 in a deal worth $2.3 billion (~€1.97 billion). Hg is completely exiting its majority […]

Laboratoria Echevarne completes acquisition of occupational health group Aspy

Laboratoria Echevarne, one of Spain’s biggest diagnostic labs groups, has completed its acquisition of occupational health group Aspy Global Services, after the deal passed regulatory approval. Aspy will be merged with Echevarne’s existing occupational subsidiary MAS Prevencion, which it has owned since 2015.

CMA investigates Welltower’s UK care home acquisitions

The UK Competition and Markets Authority (CMA) has launched an investigation into acquisitions by US healthcare REIT Welltower of care homes managed by for-profit UK care operators Barchester, HC-One, Aria Care, and Danforth Care.

Eugin snaps up Instituto Bernabeu

Eugin, the second largest provider of fertility services in Spain, has bought out one of its smaller competitors, Instituto Bernabeu. 

TopzorgGroep consolidates Dutch physio sector as PE-owner Capital A prepares to sell

TopzorgGroep has become the largest chain of physiotherapy practices in the Netherlands after a series of acquisitions. It has just bought out one of its biggest competitors, FysioHolland, a chain of 100 physiotherapy clinics which had revenue of €22 million and EBITDA of €1.2 million in 2024. Capital A, TopzorgGroep private equity owner since 2019, is likely to be looking to sell the group soon.

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