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M&A/IPOs

 

IHH makes two acquisitions but reports 51% drop in Q2 profit

Listed pan-Asian hospital giant IHH is continuing to grow through bolt-ons, having made two major acquisitions this month. For Q2 2023 the company reported a drop of 51% in net profit compared to Q2 2022, to RM302m ($65m). However, the company said this was mainly because the Q2 2022 figure was unusually high, and is continuing to grow organically as well as through M&A.

Circle Health sells for $1.2bn

Circle Health, the UK's second largest hospital group by revenue, has sold for $1.2bn (€1.1bn) inclusive of debt assumed. The buyer was Pure Health, a healthcare conglomerate based in the UAE, effectively owned by the Abu Dhabi government.

San Donato set to buy American Heart of Poland

The largest Italian hospital group is set to buy a majority of American Heart of Poland, a fast-growing Polish hospital group, in its first serious move outside Italy, although it has also outlined expansion plans in the Middle East. This deal is also backed by GKSD Investment Holding, the vehicle of Tunisian entrepreneur, Kamel Ghribi. But what exactly is San Donato buying?

Icon’s UK debut deal with Nuffield

The UK's largest healthcare charity Nuffield Health is partnering with Australian oncology care provider Icon Group to debut its cancer care radiotherapy services in the UK market. 

Four Seasons filing for dissolution, takes some homes off the market

Troubled UK care home operator Four Seasons Health Care Limited has filed notice at Companies House to move from administration to dissolution, but neither its administrators nor its PR representatives are willing to comment on this. HBI hears the lengthy sale of most - but not all - of its remaining business is still ongoing.

Blackstone likely buyer of KIMS Health

US private equity firm Blackstone has emerged as the likely buyer in the sale process of KIMS Health, an Indian hospital group which also has multiple hospitals and clinics in the Middle East.

Buy or bust for Babylon UK?

Digital health unicorn-turned-mouse Babylon could still have buyers for its UK business, despite its recent difficulties.

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