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Business Models and Strategy

 

Whistleblower and low occupancy hit Attendo

Pan-Nordic care group Attendo, which runs 350 nursing homes in Scandinavia, is struggling to recover occupancy in Sweden. The picture is better in Finland, but a scandal over the treatment of a whistle-blower in the Swedish press has damaged the groups image. 
May 21, 2021

Interview: Marc Saillon, CEO, Almage Alzheimer Centers

The French nursing home sector has produced some of the largest consolidators in Europe, such as Orpea and Korian. But even small groups are looking at international expansion. Almage, a group with just six homes and 530 beds dedicated to Alzheimer care, plans to hit Spain in the next few months and is looking at other European markets. Marc Saillon, the CEO of Almage Alzheimer Centers, also tells us that the group has expanded into consultancy in China.
May 13, 2021

Ambea Q1 points to slow recovery for Nordic social care

Recovery in the Nordic social care market is happening slower than expected as provider Ambea expects a hit on revenues and profits in Q1 to continue in the second quarter. Sweden has been particularly badly hit with EBITA down in both its elderly care and disabled care segments.
May 6, 2021

German hospitals cut staff as volumes fail to recover

Germany's third-largest hospital group Sana Kliniken has announced the layoff of over 1,000 employees, while number one Fresenius Helios is also cutting staff, as patient numbers fail to recover from Covid. Volumes are still lower than in 2019, Dr. Boris Augurzky tells HBI. 
May 6, 2021

Unicare founder furious after ousting

London-based private equity fund G Square Capital has taken full control of private health and care group Unicare. Founder and minority shareholder Tom Tidemann tells HBI he is dismayed by its action - but G Square's CEO tells HBI it was necessary to stop Unicare going bankrupt.
April 15, 2021

NMC tells its $6.4bn creditors to take it over, or lose money

Creditors of in administration GCC-based NMC Health face a stark decision between now and May 28. Buy us, or face a 'distressed sale' - and possible liquidation. Accepting the deal will see creditors losing out on billions of dollars in the short term. But not accepting the deal could be worse.
April 15, 2021

Problems in Lesotho for Netcare as government pulls PPP deal

Netcare's deal to build and manage Lesotho's largest hospital has run aground, with the government moving to cancel the multi-million Rand deal for alleged breach of contract - a move Netcare says it will challenge. HBI speaks to a South Africa-based hospital source to find out more.
April 8, 2021

Vithas puts weight behind new diagnostics division

Spain's second-largest hospital group Vithas has brought together its diagnostic arms into a new division called Vithas Diagnostics. It's headed by a new employee, who comes straight from Synlab.
April 8, 2021
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