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Growth equity investors are driving recovery in European healthcare M&A 

The private equity sector has faced a difficult environment for dealmaking over the past two and a half years, due to higher interest rates, regulatory uncertainty and global political pressures. This has led to a slowdown in M&A deal activity in healthcare, as well as other sectors. There are now signs of recovery. Europe is attracting more interest from global investors, especially those seeking high-quality assets with strong growth potential.

Creditors take Colisée off of EQT

Pan-European French nursing home group Colisée has become so overburdened by its debt that its creditors have insisted on taking control from private equity firm EQT, who has owned it since 2020. 

CapVest keeps hold of $7bn nuclear medicine company Curium via continuation fund

Private equity firm CapVest will continue to be the majority shareholder of Curium Pharma, the world’s largest pure play nuclear medicine producer, for another three-to-five-year investment round. The company is being moved to a continuation vehicle in a recapitalisation deal that values it at around $7 billion. 

KKR leads bid for Star Hospitals, consolidating India’s private hospital sector

Indian multi-speciality hospital group Baby Memorial Hospital (BMH), backed by US private equity firm KKR, is reportedly the leading bidder to acquire Hyderabad-based cardiovascular chain Star Hospitals. The offer is said to value the group at ~₹2,700 crore (~ $302 million). Fortis Hospitals, a for-profit private network with around 6,000 beds, has also been reported as a potential contender, but reports in the Indian media indicate that KKR is the front-runner.

UK’s Hg sells Intelerad to GE HealthCare in $2.3bn deal

London-based private equity firm Hg Capital has sold Intelerad, a Montreal-headquartered medical imaging software company, to US healthtech firm GE HealthCare in a deal valued at ~$2.3 billion. Hg is fully exiting its majority stake, while US investors TA Associates and Ardan Equity are selling their minority holdings.

AI scribe company Heidi enters SE Asia

Australia-based healthcare AI scribe provider Heidi has opened a new regional headquarters in Singapore, marking its entry into the Southeast Asian market. The move follows a $65 million USD Series B funding round led by Point72 Private Investments, a US-based hedge fund.

Top 250 for-profit healthcare providers in EMEA: Revenue distribution by country

This week’s infographic breaks down the Top 250 for-profit healthcare providers in EMEA by country. In terms of number of companies, the United Kingdom leads, accounting for 49 companies, followed by Germany with 45 operators, and then France with 30 companies. But in terms of revenue, Germany comes first, with just under €45 billion generated […]

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