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KPJ Healthcare exits one Indonesian hospital

Malaysian's largest healthcare group has sold its stake in one of its two Indonesian hospitals, saying that the disposal is part of a "wider restructuring exercise" in the country.

Mediclinic reaches capacity in UAE and targets Saudi expansion

EMEA hospital group Mediclinic International is undergoing its last substantial capital project in the UAE for the foreseeable future, Middle East CEO David Hadley tells HBI, as the group switches expansionary focus to neighbouring Saudi Arabia. We discuss the two markets and the reasons for the segment's recent $600m+ impairment charge.

DIY: The key to building a dental network in India

If you’re building a dental network and can’t find the infrastructure you need, build it yourself. That’s the view of Louis Shakinovsky, chairman and co-founder at Global Dental Services, which as Clove Dental runs India’s biggest dental group. HBI caught up with him last week to find out more.

COVID widens fault line between outsourcing and private pay in Hungary

Hungary's private pay-focused operators should maintain double-digit growth in 2020 despite COVID-19 while those reliant on public outsourcing face an uncertain future, the chairman of the fourth-largest private acute care provider tells HBI. Affidea just lost a large outsourcing contract while a billionaire and venture capital funds have recently entered the market.

Thailand starts to welcome back medical tourists

Thailand's government has re-opened the country for medical tourists by launching a new special visa that at least 1,700 people have already applied for. The news will be welcome for major medical tourism operators like Bumrungrad whose shares are down 33% on a like-for-like basis.

Spanish hospital M&A resumes in July

Spain's private hospital groups have resumed their pre-COVID M&A binge in July, with three of the five largest striking deals to acquire smaller competitors. It comes as private hospital activity levels across Europe recover more quickly than previously forecast - although that hasn't prevented casualties amongst some individual sites.

Orpea kickstarts €1.5bn propco sell-off with Icade deal

Europe's largest elderly care operator Orpea is preparing to strike more sale-and-leaseback deals with big REITs after concluding a €145m deal with Icade in Germany. HBI expects a flurry of deals may follow as part of a £1.5bn propco sell-off which will fuel further acquisitions. We talk to property investment sources about where else it might sell, potential buyers and the yields they can expect.

Elsan confirms KKR deal

France's second-largest private hospital operator Elsan has confirmed recent reports that global private equity firm KKR is acquiring a stake in the group, and is being joined by French investor Ardian.

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