News About Outpatient (ex Primary Care)

 

Interview: Peter Graf, CEO, Tiohundra

Uniquely, we think in Europe, Tiohundra, an organisation serving a municipality of 62,000, has fully merged social care and health care delivery. Social care (elderly care, disabled care, homecare, psychiatry) and health care (hospitals and primary care) – have been melded in to a single organisation. So what are the learnings? And are we going […]

Triton to buy Aleris for 18x EBITDA

Private equity group Triton is to acquire Aleris' healthcare services business, nine months after owner Investor AB sold off its social care segment. It values Aleris at 2.6-2.8bn SEK (€246-265m) or 17-18x 2018 EBITDA. 

Interview: Kevin Doyle, Managing Director, Ascenti

Defying the trope that physiotherapy is un-investable or un-scaleable, UK outfit Ascenti has grown to around €50m in sales, directly employing physiotherapists and demonstrating profitability. HBI talks to managing director Kevin Doyle, a former footballer, about Ascenti's business model, retention, payment models, leveraging digital and why physiotherapy isn't like ophthalmology or dentistry.

EQT to buy out Singapore-listed group as EBITDA plummets

Private equity giant EQT has offered to buy out the public shareholders of Health Management International, a hospital and outpatient group in Malaysia and Singapore, in partnership with its major founder-shareholders. The buyers cite startup costs from a recent acquisition and capital needs being better sought privately as reasons for the move.

Medlife has money to spend in CEE

Listed Romanian healthcare group Medlife says it has €20m to spend on new acquisitions in Romania and Hungary. Although it and for-sale competitor Regina Maria have both completed large domestic deals in the past month, the internationalisation effort probably highlights that most good assets in Romania have now been bought.

Opportunities in LATAM

Panellists on the LatAm panel at HBI 2019 see good opportunities in the region thanks to booming demand, particularly as demographics shift from rural to urban bases, and with the growth of the chronic and elderly care markets. Increasing use of digital health tools and better data, plus the growth of the consumer market are also seen as positive factors for the market.

Medical staff spending vs hospitalisation rates

This week we plot medical staff spending in France against total hospitalisation rates and explore how the numbers paint a picture of national sectors. What treatments cost businesses and payors the most in staff resources? Where are inpatient admissions the highest?

PE sniffing around Aleris

Investor is to complete its pullout from the health care services sector according to sources. Having flogged Aleris' primary care arm to and its care business to Ambea, we hear it now wants to sell off its hospital business in Sweden, Denmark and Norway.

Does Value Health have a future?

Value health is the revolutionary idea pioneered by Harvard guru Michael Porter. He had the temerity to suggest providers should be rewarded for quality, rather than activity and that the patient should be viewed and consulted as customers. Invented in the early noughties, it hit a high water mark 7-8 years ago when Obamacare was rolled out incorporating the concept. Then it felt like an inexorable river.

DACH: Opportunities and pitfalls

A robust DACH session at HBI 2019 reached broad agreement over the most - and least - favourable areas for investment in healthcare in the region, but struggled to agree on the likely implication of the key legislation about to be brought in.

New law lifts lid on who is consolidating German outpatient

More private equity groups have been buying acute hospitals in Germany to enter the wider outpatient sector, now their only option since a new law was passed on May 1. It has made it easier to track who is entering the outpatient market.

Wafer-thin health care service profits at Bupa

Why did Bupa, the international health insurer which is also one of the largest health care service players outside of the USA, announce its 2018 results so quietly that HBI isn't aware of any UK daily reporting them this year? The figures show that Bupa's £3.37bn of revenue from nursing homes, hospitals, dentistry and primary care across a dozen countries, barely made money. Could this be down to its interesting governance structure?

European Medical Center IPO still going ahead

Moscow hospital group European Medical Center (EMC) still plans to IPO in around a year and is likely to list more than competitor MD Medical's 35% free float, we are told, while minority owner Baring Vostok will not completely exit.

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