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Making the News

 

Interview: Giuseppe Recchi, CEO, Affidea

Europe’s largest imaging company Affidea wants to become a one-stop shop for all outpatient services. HBI talks to CEO Giuseppe Recchi about changing a brand’s reputation, a record year of M&A and how the pandemic impacted the business.

Digital health’s big players’ valuations rocket

The heaviest hitters in Europe’s digital health market have valuations at an all-time high: Babylon is valued at $4.2bn, Kry at $2bn and Alan at €1.4bn. There remains, however, a huge disparity between the M&A and the fundraising markets, with most buyers of these start-ups opting for early-stage acquisitions. HBI gives an overview of the market. 

Kuwait sovereign fund in for Almaviva

Wren House, the investment subsidiary owned by the Kuwait Sovereign Fund, is about to buy French hospital group Almaviva Santé from Antin, reports say. 

Abu Dhabi signs Israeli MoUs for population health

Abu Dhabi will work with Israel's largest payor-provider Clalit and its largest hospital Sheba Medical Centre in two separate MoUs that promise to work on population health management, genome sequencing and digital health services.

Germany’s for-profit hospitals continue crash

Four in ten of Germany's for-profit hospitals ran a deficit in 2020, up from one in ten the year before. The survey of Germany's 600 largest hospitals paints a grim outlook across the for-profit, non-profit and public sectors alike, as half expect liquidity and further sales crashes through the next year.

Synlab raises earnings guidance

Synlab says its revenues will grow 20-25% this year, upping guidance from 17%, as the COVID-19 related tailwind shows no sign of dissipating. It expects to hit up to €3.3bn of sales.

Huge PPPs pile up for waiting lists

HBI unpicks where the private sector is winning contracts to help manage sky-high backlogs. Nearly £30bn is up for grabs in elective care, oncology and diagnostics. 

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