Nova Stream


Public health services in Helsinki outsourced to Mehiläinen

Finnish outpatient and occupational healthcare specialist Mehiläinen has been chosen as a provider of public primary health services in Helsinki. This is the first time that public care outsourcing has happened in the capital, Markku Näreneva, Mehiläinen's Director of Public Health Services tells HBI.

Investors looking south of the border as NI homecare struggles

Low pay rates for homecare workers in Northern Ireland are under fire, and a campaign to end short 15-minute visits for older people and fee rates of £15 an hour is gathering momentum. South of the border the Republic is proving far more attractive to investors. HBI talks to Mairead Mackle, CEO of the biggest independent Irish homecare provider Homecare Independent Living (HCIL), to find out more.

Billions set to be written off as creditors take charge of NMC

NMC's creditors are now in the driving seat, after a take-it-or-leave it ultimatum from joint administrators Alvarez and Marsal left them with little option other than to accept a financial restructuring plan which wipes out billions of dollars owed to them, in return for ownership of the business.

How much of Europe’s homecare is ‘grey’?

This week HBI breaks down data from several sources and illustrates the share of informal homecare in European Countries and the UK. It makes clear just how much care at home is being illegally delivered.

Life Healthcare entering South African imaging market

South African hospital and European imaging group Life Healthcare is planning to enter the imaging market on home turf, with up to 3bn Rand (€180m) earmarked for buying out radiology practices in its hospitals, its head of Investor Relations (IR) tells HBI.

Market welcomes strong Q4 for Max, despite Covid-related revenue drop in FY21

The market welcomed a strong Q4 performance from India's second-largest for-profit hospital chain by revenue, Max Healthcare, last week. Record-breaking Q4 EBITDA appears to have offset any potential market concerns that could have arisen from reporting a drop in revenue, and a resurgence of COVID, especially around the capital.

Kuwait International Bank cuts its losses, sells NMC debt

Kuwait International Bank is selling off the debt it is owed by NMC Health, the UAE's largest hospital group which remains in administration following a fall from grace precipitated by short-seller Muddy Waters' report back in 2019.

Politics and poor tariffs hamper Danish homecare market

Variation in homecare tariffs across the Danish municipalities is making growth in the for-profit sector difficult and forcing consolidation of smaller companies that cannot price match, HBI hears from several sources.

Rede D’Or to build new hospitals with $340m follow-on

Brazil's largest hospital group Rede D'Or has raised $340m in new shares with a follow-on that includes Carlyle selling down its stake. It says it will use the proceeds of the primary offering to build and acquire new assets.

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