Management at Medipole Sud Sante, the regional French hospital chain, are likely to end up running much larger rival Medi-Partenaires, if far advanced plans to merge the two groups go through.
Kustaa, 35, founded Med Group in 2008 and claims it is now Finland’s largest player in ambulances and homecare. EBITDA came to ¢4.5m on sales of €39m in 2013 and sales should rise 28% to €50m in 2014. He explains the focus behind a company which has everything from ambulances to homecare and from dentistry to primary care, outlines Med Group’s new homecare concept and talks about how reform is likely to open up the Finnish market.
The Finnish government, a coalition between the centre right and the social democrats, is proposing that all publicly paid for healthcare and care services should be procured by five new super regions. They would take over purchasing these services from the 320 municipalities who handle elderly and primary care and the 20 hospital regions who run acute care. But will the new regions actually take over the public nursing homes and hospitals or merely procurement of services? The move is seen as a potential bonanza for the private sector. Is this correct? We talk to Prof. Juhani Lehto about the odds on change.
Oasis, the UK’s second largest dentist chain, which is owned by Bridgepoint, has acquired Smiles Dental. The deal gives Oasis a strong position in prosperous South East England, as well as making it the number one player in Ireland, where Smiles has 17 outlets. We talk to Oasis CEO Justin Ash.
Wellness - the maintenance of health coupled to early diagnosis of possible conditions - should be something of a mecca for most private healthcare operators. One way of demonstrating its importance is to define it as the upstream market for healthcare services. This is as opposed to the downstream market which is acute care through to end of life care.
Hopes that UK care group Cambian which IPOed today on the London Stock Exchange would achieve a 12 times EBITDA multiple and then act as a pathfinder for the rest of the healthcare services sector have been dashed. In the event, Cambian floated at 225p a share, right at the bottom end of expectations. That valued the group at just £388m or eight times 2013 EBITDA.
Greek hospitals got another kicking in 2013 with a clawback which cost the crippled sector well over €100m. But some are managing to keep their heads above water. Are there signs that the tide has finally turned?
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