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M&A/IPOs

 

Lifebrain for sale as EBITDA for lab groups near doubles

Italian lab group Lifebrain is the latest to take advantage of swollen revenues and profits in the lab sector with owner Investindustrial appointing Goldman Sachs and JP Morgan to explore a sale. Meanwhile, COVID-19 testing across Europe led to a near doubling of EBITDA for the largest players in the third quarter of 2020.

City & County acquires UK rivals

UK-based community homecare and domiciliary care specialist City & County Healthcare Group has acquired rivals MiHomecare Limited and Complete Care Amegreen, further extending its UK portfolio as M&A activity in the sector resumes after a Covid hiatus.

Spanish fertility and cosmetic group plans hospital network

Madrid-based holding company Otsu Group, which operates Eva Fertility Clinics, the cosmetic Dorsia Clinics chain, and Origen Clinics, a network psychology and psychiatry clinics, is looking to build a hospital network following the acquisition of Hospital Policlínico de Barcelona.

Penta shortlists investors for first-round bids on PHI

CEE firm Penta Investments' sale of a stake in its hospital business Penta Hospitals International (PHI) has progressed with NDAs signed by a dozen parties and indicative offers expected next month, director Václav Jirků tells HBI.

2021: A boom year for health care M&A

The M&A market has roared out of Covid in the first quarter according to the HBI Panel Discussion. Are multiples likely to drop and what is investor appetite?

Garofalo continues M&A as Covid hits 2020 organic growth

Listed Italian hospital, post-acute and outpatient group Garofalo Healthcare (GHC) has continued its M&A drive with the acquisition of a hospital in Verona for 8.5x 2019 EBITDA. Deal-making drove 7.3% revenue growth in 2020 to €196.5m, although on a like-for-like basis, revenues fell 5.2%. That is still much better than many large Italian hospital groups.

Investing in Health Care Services: 2021 Outlook

Six months ahead of HBI 2021, September 20-23, in London, we bring together a panel of experts to share their predictions for the sectors investing landscape in 2021, a year after the pandemic took hold in Europe. How much has the outlook for the sector changed in the first quarter of 2021? Which sub-sectors sidelined […]

NMC Health’s Aspen disposal could end with propco takeover

In-administration GCC group NMC Health's attempt to offload UK hospital chain Aspen Healthcare looks to have stalled. An advisor says the opco could be taken over by propco owner NorthWest Healthcare Properties, echoing what happened to the largest operator BMI Healthcare just two years ago.

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