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Making the News

 

Movement in mental health market

Nursing home group Korian has continued its consolidation of mental health by acquiring an Italian group with €22.5m revenues. Meanwhile, a joint venture in the Netherlands between providers Parnassia and Altrecht is expanding.
September 9, 2021

Spire H1: revenue soars but profitability flat

UK hospital group Spire Healthcare's revenue in H1 2021 jumped 13.5% versus 2019, with self-pay up a whopping 47%. But profitability was still lower than two years ago and, despite the top-line growth eclipsing guidance, the group is still trading well below Ramsay's improved offer price that 30% of shareholders rejected. Will they regret that?
September 9, 2021

Global names on Saudi imaging PPP shortlist but ‘no decision yet’

Alliance, Affidea, Ribera Salud and InHealth are all among the eight name shortlist for Saudi Arabia's massive radiology private public partnership. However, a source in the market tells HBI that progress is still slow and a decision has not been made on a winner.
September 2, 2021

NMC to exit administration

NMC Health's creditors have formally approved a deal that will allow its 34 companies to exit administration. 
September 1, 2021

NMC sells Aspen opco to NorthWest

Canadian REIT NorthWest Healthcare Properties has acquired hospital operator Aspen Healthcare UK Limited from NMC Health, a year after it bought the bulk of its real estate. It mirrors what happened to larger UK chain BMI Healthcare three years ago. 
August 24, 2021

Comeback treatments squeeze payors

Claims on private medical insurance were higher than expected for some providers in the second quarter, hitting or even exceeding pre-pandemic levels for the first time.  The picture is similar for public payors with AOK reporting double-digit growth in spending. Across the board, it's having an impact on the bottom line - and leaving some substantially in the red.
August 19, 2021

German state nationalises Sana hospital

German state North Rhine-Westphalia is taking over Sana Kliniken’s 50% stake in one of Europe’s largest cardiology clinics. It’s Germany’s second recent non-profit merger in heart medicine.
August 13, 2021

Payors throw money at mental health

Psychotherapy, a highly fragmented market across Europe, has historically been mostly private pay. Waves of pandemic-related mental health crises are now forcing payors to multiply budgets or add new tariffs in countries from Czechia to Switzerland. Where's the opportunity?
August 12, 2021

NMC founder alleges multi-billion dollar fraud

BR Shetty, founder of the GCC’s largest for-profit healthcare operator NMC Healthcare, has issued legal proceedings seeking $8bn in damages, claiming audit firm EY, Bank of Baroda, and Netherlands-based Credit Europe Bank were part of a co-ordinated and deliberate conspiracy to remove money from his businesses.
August 5, 2021
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