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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

Waterland sells ATOS to ICG

Intermediate Capital Group (ICG) has bought ATOS Klinken, a group of orthopaedic clinics in Germany spun out from rehab group Median, from Waterland. 
September 9, 2021

EU dermatology M&A slows

Investors in the US are pouring money into dermatology, while EU markets remain far quieter. To find out where and why deals are – and aren’t - happening, we round up the latest news from the sector in Europe, including the UK dermatology consultant-led business Dermatology Partnership, Sweden’s leading dermatology provider Diagnostiskt Centrum Hud, and Dermatologikum Hamburg in Germany.
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

PE buys complex childcare in Ireland

Private equity firm Cardinal Capital Group has bought Ashdale Care, which provides specialist therapeutic care for children with complex behavioural needs in Ireland.
September 9, 2021

Boris breaches election pledge with £12bn tax hike for health and social care

On Tuesday, September 7, Prime Minister Boris Johnson and his UK government announced a new health and social care tax to fund both the NHS and social care. While it is hard for operators to be ungrateful for extra funding in social care, many are asking whether the plan goes far enough. HBI talks to market experts to find out more.
September 7, 2021

Is ‘no jab no job’ policy creating a UK care home staffing crisis?

Reports abound of a looming crisis in recruitment and retention in the UK care home sector when the government’s no jab no job policy comes into force in November. HBI catches up with market expert Clare Connell, founder and CEO of Connell Consulting Limited, who sees a slightly different picture.
September 7, 2021

Promedica24 continues expansion – sale ‘on the table’

Pan-European homecare group Promedica24 tells HBI that long-term investor ForeVest is considering an exit in the next 1-2 years. Tomasz Brzeziński, CEO and CFO, says that the group has plans to move into Switzerland and Austria as well as diversify its revenue sources in Germany. Brzeziński is one of 100 speakers at HBI 2021, Sept 20-22, the global CEO-level event focused on for-profit healthcare.
September 2, 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
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