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Proposed EU data sharing framework ‘will save €11bn’

The European Commission has put forward a proposal for a new legal framework to regulate the sharing of health data across the EU which it says could save the healthcare sector €11bn over ten years. The proposal is subject to review by the European Council and Parliament but could come into force in 2025.
May 12, 2022

Bupa Australia accuses Ramsay of strategic price hikes as Ramsay terminates partnership

The Australian branch of multinational hospital giant Ramsay Health Care has terminated its partnership with insurer Bupa, meaning Bupa-insured patients in Australia will have to pay out-of-pocket for its care. Bupa Australia subsequently accused Ramsay of “unreasonably high" price increases, claiming this was done to increase the group’s value in light of its on-going sale process. Meanwhile, Ramsay has reported poor financial results and analysts from investment bank Citigroup have said limited additional value could be squeezed out of the group, and that a higher bid than KKR's is therefore unlikely. 
May 10, 2022

Lusiadas Saude sale latest

HBI hears that there has been progress in the sale of Lusiadas Saude, Portugal’s third-largest hospital group by revenue.
May 5, 2022

Two new rival hospitals open in central London

This week UK healthcare charity Nuffield Trust opened a hospital in its first central London site, located within the grounds of Barts Health NHS Trust’s St Bartholomew’s Hospital site, while Cleveland Clinic last week opened a large facility in Grosvenor Place, also in central London.
May 5, 2022

Octopus Real Estate enters specialist care market

Healthcare property investor Octopus Real Estate is entering the specialist care market, spending £100m on a deal to purchase two sites from and finance the construction of a further four sites for UK care provider The Hamberley Care Group. Four of these sites will be rehab centres and two will be care homes.
May 5, 2022

Orpea appoints elderly care novice as CEO, share price dips

French nursing home giant Orpea has appointed a new CEO, as part of its attempt at reformation. This comes a week after initial findings from an external investigation into purported malpractice at the company identified multiple cases of administrative misdemeanours.
May 4, 2022
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