M&A/IPOs

 

AXA UK acquires HBSUK

Insurance company AXA UK has acquired healthcare services provider HBSUK. It shows how the group is pursuing a wider remit than traditionally expected of insurance companies.

Dallah Health eyeing strategic expansion in Saudi Arabia

Listed Saudi hospital group Dallah Health is eyeing strategic expansion in Saudi Arabia as part of its dual aims of becoming the leading healthcare provider in the Kingdom and helping to position the country as a leading medical tourism destination. Its strategic expansion is part of its efforts to support the national Vision 2030.

Medicharme enters liquidation

Medicharme, a medium sized French nursing home group owned by UK PE investor G Squared, has entered liquidation. The company became insolvent due to rising costs and low occupancy. The company's 43 facilities will continue to operate as normal for the time being. Takeover offers for the facilities will be examined by the courts on March 21.

San Donato may be preparing to IPO

Rumours are circulating that San Donato, Italy’s largest for-profit hospital group, is about to IPO. HBI speaks to an Italian market expert to see how likely this is.

KPJ to focus on Malaysia and exit other markets

Listed Malaysian hospital group KPJ Healthcare is selling non-core assets it holds outside of Malaysia to focus on its Malaysian hospital segment. It has already fully exited Indonesia and plans to fully exit Australia within the next two years, and may also exit Bangladesh. It still has a hospital in Thailand which it has no plans to sell, as it is focused on medical tourism - a key part of the company's strategy going forward. The company reported strong results for 2023, with revenue up 19% and core net profit up 61%.

Affidea buys dental clinic in Spain and expands in Italy

Pan-European imaging and diagnostics firm Affidea has bought an advanced dental services clinic in Spain - the first such acquisition by the group - as well as two polyclinics in Italy. HBI understands the dental acquisition is part of the group's long-term strategy to move away from only providing diagnostic imaging to being more of an integrated care platform offering a range of outpatient services.

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