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M&A/IPOs

 

Thonburi Hospital Group goes public in Bangkok, and share price plummets in one week

Thonburi Hospital Group (THG) went public on the Bangkok stock exchange on Thursday, December 7. Market cap when trading opened on the first day suggested it was nearly a US$1bn company (32.3bn baht), but this has dropped to US$808m (26bn baht), at the time of writing, as shares have dropped 28% from the initial offer price. We talk to a source close to THG to find out more.

Mediclinic – new CEO and break up valuation

In an unusual move, Mediclinic has appointed its chief medical officer Dr Carel Aron (Ronnie) van der Merwe as CEO, replacing Danie Meintjes, who has held the post since 2010. Meanwhile we ask what Mediclinic’s break up value would be? The group is currently valued at £3.95bn on the London Stock Exchange.

IDH, Man Capital and IFC take stakes Nigerian diagnostic-group Echo-Scan

LSE-listed Integrated Diagnostics (IDH) acquired a majority stake in Nigerian lab and imaging group Echo-Scan today with its family office partner Man Capital. The development bank IFC also took an equity stake and all three partners will invest a total of $25m to expand the group.

Doctolib raises €35m for German and French expansion

French medical appointment bookings platform Doctolib has raised $42m (€35m) in its second round of funding in 2017. We speak to co-founder and CEO Stanislas Niox-Chateau about the deal and how he will grow his platform, as well as how this deal values his company.

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