How would you describe a for-profit healthcare group which basically takes people away from jobs in the public sector and then hires them back to the same employers in exchange for a fat fee? How about parasitic?
Europe's largest lab groups could both sell in 2020, with Apax appointing Rothschild to explore a sale of Unilabs while Synlab's majority owner Cinven is also weighing up an exit. The sale values including debt could potentially reach €10bn combined.
Nearly a third of all private equity-owned health care businesses in Europe have been held for at least five years, according to the new HBI Deals Pipeline tool. That suggests many private equity houses are struggling to sell on their investments.
Jos Lamers, 55, the man widely seen as the architect of modern-day Unilabs is moving away from a full-time role at the Pan-European lab and imaging platform, HBI can exclusively reveal. So what lies behind the move and who succeeds him as CEO?
Pan-Nordic care provider Ambea has released Q2 2019 results showing its Norwegian business requires "a lot more work" before achieving a successful turnaround and margin improvement. Group-wide sales nearly doubled thanks to its recent large acquisition although grow only 1% organically. The results were well-received by the market. Its share price rose 8% to a high of SEK 74 (€6.80) over the morning of the results day, Tuesday August 20th.
Three of the Nordic's largest operators took to the stage at HBI 2019 to speak about pan-Nordic collaboration. Here's what Fredrik Gren, CEO of Ambea, Alexander Wennergren Helm, CEO of Aleris, and Yrjö Närnhinen, CEO of Terveystalo, said.
Companies with innovative digital and inpatient solutions claim to be rallying to meet the enormous global demand for specialist mental healthcare. The sector presents a unique challenge, as demand for services still far outstrips supply. At HBI 2019's panel on psychiatry and mental health, led by consultancy firm Candesic, UK digital platform XenZone, Norwegian inpatient provider Incita and German psychiatric specialists Schoen Klinik explained their takes on the issue.
Market forces are not the only factors determining the fate of private providers in Nordic elderly care. As local elections near in Norway and national government in Sweden continues to be run by a struggling minority group, we speak to operators in both countries and take a look at how a political climate can create a warm welcome to the private market - or rain on its parade.
After months of travelling to China, ignoring his critics and struggling to convince even his own board it was worth him persisting, the CEO of a Norway-based digital telemonitoring platform has just signed a deal with a Chinese company that just might be the start of something big. Healthcare Europa speaks to Lars Dahle from Dignio to find out more.
A combination of remote patient monitoring and telehealth for patients with chronic conditions, such as diabetes, COPD, Hypertension and Cardiovascular conditions that demonstrates a 46.5pc drop in costs compared with traditional Primary Care services, 32 % fewer hospital admissions, 42% fewer doctors appointments and 59% less time spent with home nurses.
A new CEO has been appointed to Colosseum Dental Group, the pan-European private dental chain with a strong Nordic presence, while the company says it expects him to continue with a policy of making acquisitions.