Pro Tip: Learn how to use HBI Alerts to follow your favorite topics

M&A/IPOs

 

New group forms France’s fifth largest hospital operator

Based in central France, Sisio is born out of a merger between three regional groups and the acquisition of a fourth. The result is France’s fifth largest hospital operator, a privately owned organisation with €450m revenues. We speak to Sébastien Mounier, one of its founders.

TPG Growth buys Indian maternity chain Rhea Healthcare for $33m

TPG’s investment platform TPG Growth has bought a majority stake in Bangalore-based maternity chain Rhea Healthcare for $33m (Rs 220 crore), which wants to expand across India. The mother-and-child care sector is one of many growing outpatient specialties in the country.

Bpifrance invests €95m into MédiPôle Partenaires

Public investment bank Bpifrance is buying a €95m stake in France’s third largest hospital operator MédiPôle Partenaires. Expect more consolidation, says Xavier Dumont, CFO at MédiPôle Partenaires.

DentalPro buys DentaDent to create €120m dental network

Only one month after acquiring dental chain Giovanni Bona, Italy’s largest dental network DentalPro buys DentaDent, a small network of 7 dental clinics. Expect 70 new clinics in the next three years and more consolidation in the Italian market, says DentalPro’s president Michel Cohen.

Armonea enters Spain and Germany

Belgium's largest care group Armonea has bought care operations Deutsche Pflege und Wohnen (DPUW) in Germany and La Saleta in Spain. These are Armonea's first international deals, which add up to a network of 125 nursing homes with 14,000 beds and sales of €420m in total. The plan is to expand nationally upon these platforms, CEO Chris Cools says.

Quirón closes pricey hospital deal in Seville

Spain's largest hospital group Quirónsalud has bought 140-bed Hospital Infanta Luisa in Seville for €70-100m, including €23m in debt, according to local press estimates.

Puzzles in Aster DM’s red herring prospectus

Middle East and Indian hospitals to pharmacy chain Aster DM’s red herring IPO prospectus begs as many questions as it answers. Why is EBITDA so low? Will its founder escape criminal charges? Why does it not include full financial year data? So how can it be worth 16,000 crores (an eye watering $2.4bn), that is more than Narayana and Fortis put together?

Kubliakov plans ten thousand bed assisted-living network for Eastern Europe

France-based Senior Group, which has started several care homes and assisted living facilities in the Baltic states is to launch a 10,000-bed network across Eastern Europe. The first stage of this ambitious project already started in the three Baltic capitals, where 350 beds are expected to be operational by 2017. We speak to CEO Nicolai Kubliakov.

Could Eurofins break the Unilabs impasse?

Bioanalytic testing outfit Eurofins Scientific has just raised €200m through a private placement with La Caisse des Dépôts et placement du Québec (“CDPQ”), one of Canada’s largest institutional fund managers. CDPQ and other institutions have also said they are happy to dip into their pockets to fund more acquisitions. West European lab/imaging group Unilabs could be a target.

Circle to partner in China and Europe

UK hospital management group Circle is set to partner with a European player to offer a rehabilitation solution in the UK. We name the likely partner. Circle has also announced a joint venture with what it claims is the fourth largest hospital chain in China.

Find Us