CEE firm Penta Investments' sale of a stake in its hospital business Penta Hospitals International (PHI) has progressed with NDAs signed by a dozen parties and indicative offers expected next month, director Václav Jirků tells HBI.
DomusVi, Europe’s third-largest nursing home group by revenue, has no interest in investing in Portugal’s nascent assisted living sector according to country CEO João Pedro Guimarães. HBI speaks to him to find out why.
The M&A market has roared out of Covid in the first quarter according to the HBI Panel Discussion. Are multiples likely to drop and what is investor appetite?
Listed Italian hospital, post-acute and outpatient group Garofalo Healthcare (GHC) has continued its M&A drive with the acquisition of a hospital in Verona for 8.5x 2019 EBITDA. Deal-making drove 7.3% revenue growth in 2020 to €196.5m, although on a like-for-like basis, revenues fell 5.2%. That is still much better than many large Italian hospital groups.
UK/Ireland teleradiology group Medica has agreed to buy a US-based Imaging Contract Research Organisation (iCRO), which provides services to the clinical trials market.
In-administration GCC group NMC Health's attempt to offload UK hospital chain Aspen Healthcare looks to have stalled. An advisor says the opco could be taken over by propco owner NorthWest Healthcare Properties, echoing what happened to the largest operator BMI Healthcare just two years ago.
Shares in listed European care groups Korian and Orpea dropped slightly on publication of their FY2020 results – but despite a difficult year there are reasons for both companies to be hopeful of better times ahead.
Luxembourg-based private equity firm Threestones Capital has sold its portfolio of 27 German care home properties to real estate manager Swiss Life Asset Managers for €425m.
Healthcare operators could fall foul of UK legislation designed to target tax avoidance which is due to come into force next month. For the first time, IR35 will force for-profit groups to assess the legal status of contractors receiving payments via an intermediary - and a failure to do so could prove costly. HBI speaks to a specialist tax barrister to find out more.
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