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Nursing Homes

 

Korian shares dive 10% as it announces capital raise for Inicea deal

Shares in pan-European elderly care group Korian dived by 10% after it announced a €400m capital raise to fund the acquisition of France's third-largest psychiatry provider Inicea from infrastructure investor Antin. But did it pay over-the-odds and do all shareholders support the capital raise? We talk to an analyst from Bryan, Garnier & Co.

CDPQ joins EQT on Colisée acquisition

The Canadian pension fund CDPQ is co-investing alongside EQT in the acquisition of French nursing home operator Colisée, its second investment in the European healthcare sector.

PWC on M&A drivers in Spanish healthcare sector

The Spanish private healthcare market has been one of Europe's most attractive for institutional investors of late with strong organic and inorganic growth opportunities. PWC Spain's deals leader for Healthcare & Pharma Jose Zarzalejos talks us through the drivers, movers and shakers in the six main sub-sectors: hospitals, imaging, oncology, care homes, IVF and dentistry.

Diversification helps Grupo 5 grow despite COVID

Grupo 5 has carved out an unusual but successful niche for itself in Spain, balancing a mix of healthcare services (predominantly mental health and treatment for patients with brain injuries) with social emergency care for the homeless, children, and people with disability. CEO Guillermo Bell tells HBI it has proved to be a robust combination during the COVID crisis.

UK care homes show resilience, but in urgent need of preventative and crisis funding

According to a new report the UK care home sector is showing some resilience despite COVID-19, with occupancy steadily improving as confidence improves in the sector and care homes better prepared for an imminent risk of resurgence. Despite this, thousands remain at risk of closure and in need of stronger government support.

IK Investments to sell Colisée to EQT Infrastructure

French nursing home operator Colisée is changing hands as IK Investments sells its majority stake to Sweden-based PE firm EQT's infrastructure arm. This is the first large transaction the sector has seen all year.

Max India expands into new elderly care services

Max India, the conglomerate that recently sold a large stake in hospital chain Max Healthcare, has announced it will expand its elderly care business in India by moving into mid-market independent living, medicalised nursing homes and homecare.

Orpea kickstarts €1.5bn propco sell-off with Icade deal

Europe's largest elderly care operator Orpea is preparing to strike more sale-and-leaseback deals with big REITs after concluding a €145m deal with Icade in Germany. HBI expects a flurry of deals may follow as part of a £1.5bn propco sell-off which will fuel further acquisitions. We talk to property investment sources about where else it might sell, potential buyers and the yields they can expect.

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