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Making the News

 

Allied Healthcare strikes deal with creditors

UK domiciliary care group Allied Healthcare has struck an agreement with its creditors, allowing it to continue operating after serious short-term cashflow problems caused by wage hikes, compulsory back pay and delays in passing all this on to local authorities.
May 17, 2018

Romanians turns down Acibadem

We hear that a big Romanian healthcare service group recently turned down a bid from Acibadem, the Turkish (and now Bulgarian) hospital group owned by IHH, the Pan-Asian hospital group. Meanwhile, the Bucharest hospital market is hotting up.
May 3, 2018

Hope for tariffs in Portugal

Portuguese for-profit operators say they are optimistic that the leftist government will not introduce swingeing tariff cuts. 
May 2, 2018

What do nursing home opportunities look like in China, India and Brazil?

What do nursing home opportunities look like in China, India and Brazil? All three countries have the usual driving forces behind an increased demand in residential elderly care: an ageing population, a growing middle class, and a shift in the disease burden. HBI 2018 explored the similarities and differences in these three markets.
April 24, 2018

Netcare to exit UK blaming high rents and declining PMI

South African hospital group Netcare will exit the UK market by selling its interest in BMI Healthcare, as high rents and weakening PMI continue to erode profits. We talk to a fund manager and speculate on buyers.
March 29, 2018

Philips buys stake in Med360

Imaging giant Philips has bought a stake in Med360, Germany's largest imaging service provider. Such vertical integration has long been talked about but is now becoming reality. 
March 22, 2018

Paracelsus fails to find buyer

Paracelsus, the German and Swiss hospital and reha business has so far failed to find a buyer. Potential buyers say the group which is in the German equivalent of Chapter 11 is overpriced.
March 22, 2018

Korian’s FY 2017 revenue was flat in France but big in Belgium

European nursing home giant Korian saw revenue growth of 5% in 2017 of which half was organic. Growth was slow in France while the acquisition of 1,000 beds from Senior Assist Belgium helped its revenue grow 40% there - the same disparity was seen in organic growth.
March 15, 2018
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