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From the brink of collapse, NMC shows signs of recovery

GCC’s largest for-profit healthcare operator NMC Healthcare has been hitting the headlines for all the wrong reasons for the last 18 months, but with stronger H1 results than expected announced today, and progress on exiting administration, there are signs that it may be turning a corner.

New retirement housing in the UK increasingly rental

Around 25% of the £450 million invested into the senior housing sector in the first half of 2021 went into housing intended for rent rather than sale. About time says Michael Voges, executive director of retirement village trade body the Associated Retirement Community Operators (ARCO). HBI speaks to him to find out more.

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.

Aedifica continues Northwest Europe expansion

Belgian healthcare REIT Aedifica has been expanding and made acquisitions in Finland, the Netherlands, Germany and Ireland amounting to €151 million. HBI breaks down its latest spends.

Big infra interest in Icon Group

At least four infrastructure investors and one sovereign wealth fund will likely join the auction of Australian-Asian oncology business Icon Group as first-round bids are expected this month. The deal is likely to hit a $2bn+ valuation.

Bupa shift towards digital could impact M&A

Bupa’s new CEO Iñaki Ereño has announced a new strategy for the international health insurer and service group including making 40% of customer care touchpoints Bupa-owned, and having 60% active digital customers. What does this mean for Bupa's M&A strategy going forward? We talk to consultancy Candesic to find out more.

GCC hospital markets at a crossroads

Change is afoot for private hospital operators in the GCC with mandatory insurance rollouts and private sector-friendly reforms offset by squeezed margins and an exodus of foreign nationals. More big US non-profits have followed in the footsteps of their peers Cleveland and Mayo and investors are pouring money into new developments in some markets - but steering well clear of others. Here is our round-up after several weeks interviewing local sources for HBI Intelligence. 

Consortium buys German lab group amedes

German lab group amedes is selling to a consortium including Canada's OMERS Infrastructure, Goldman Sachs Asset Management, and asset manager AXA Investment Managers.

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