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US-based Merck buys UK’s Verona Pharma for $10bn

Big pharma is investing heavily in late-stage biotech, focusing on approved or near-market treatments in high-need areas like respiratory disease, as companies prepare for future revenue drops from older high-earning medicines.

Interview with Ash Ramachandran, Founder of Sapyen, on the untapped male fertility diagnostics market

Sapyen, an online male fertility diagnostics company based in Melbourne, with operations across the UK, Europe, the US, and Australia, is trying to fix that. The company has developed a home testing kit that extends the viability of semen samples, making it easier for men to get tested without needing to visit a clinic. Ash Ramachandran, the founder of Sapyen, spoke to HBI about the fertility landscape, investment trends, and how the company is helping men access testing more easily.

Romanian Competition Council reviews Mehiläinen’s acquisition of Regina Maria and MediGroup

In April 2025, HBI reported that Mehiläinen, Finland’s largest private healthcare group, backed by Luxembourg-based private equity firm CVC Capital Partners, had bought Romania’s Regina Maria and Serbia’s MediGroup from private equity firm MidEuropa. Now, Romania’s Competition Council has officially opened an investigation to see if the deal might reduce competition in the local healthcare market. This review is an important regulatory step that could affect whether the acquisition is finally approved and under what conditions.

Advent sells Donte to OTPP for €1bn

Donte Group (formerly Vitaldent), Spain’s largest dental chain, has been sold by US PE firm Advent to Canadian pension fund Ontario Teachers' Pension Plan (OTPP), for €1 billion. OTPP tells us the plan is to continue growing the group within the Spanish dental market organically, and work with Donte to consider “selective” M&A opportunities.

Aedifica shareholders back merger with Cofinimmo

Aedifica and Cofinimmo, two of Europe’s biggest listed healthcare-focused REITs, are one step closer to merging and becoming Europe’s largest healthcare real estate investor, after a majority of Aedifica’s shareholders gave their approval to the board’s proposal to acquire Cofinimmo.

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