News About M&A/IPOs

 

Oaktree’s Greek entry could create rival consolidator to CVC

Oaktree Capital, which is set to merge with another asset manager, looks likely to acquire Iaso Group, one of Greece's largest hospital groups, creating a rival consolidator to CVC. It is significant as the massive Henry Dunant hospital looks likely to fall out of the private sector.

Brazilian diagnostics company reports losses of $3.8m

Brazilian diagnostics company DASA has reported losses of R $14.5m ($3.8m) for the last quarter of 2018. We ask the company why, and talk to a market expert about its strategy. "We had some non-recurrent expenses from a change in our stock options plan, which affected margins last quarter," said an investor relations spokesperson. "If […]

Triple sale kicks off in European IVF market

HBI can reveal that three substantial IVF groups are up for sale who, combined, are active in seven European countries. We reveal potential buyers, valuations and a snapshot of the markets.

Gilde Healthcare raises €200m fund for European healthcare providers

Healthcare-specialised private equity firm Gilde Healthcare launched its third fund last week worth €200m. The fund, Gilde Healthcare Services III, will focus on lower mid-market healthcare providers and medical product suppliers in the Benelux and DACH regions. Gilde is currently invested in nursing home operator Stepping Stones, domiciliary care, occupational healthcare and a number of […]

Four Seasons secures more funding as search for buyer drags on

Four Seasons, the UK's third largest care home group by revenue, has secured further funding from its creditor, US hedge fund H/2 Capital, to tide it over until a sale. We speak to a market adviser about the issues investors will be encountering when looking at this asset. It has been officially up for sale since November last year.

Acibadem pulls Bulgarian sale

IHH-owned hospital group Acibadem has decided not to sell its Bulgarian assets. HBI sources have expressed incredulity at the reasons given. Acibadem, owned by pan-Asian hospital group IHH Healthcare, has issued a press release saying it reconsidered in light of positive developments in the Turkish economy and the Lira. HBI sources have expressed surprise considering […]

Montagu buying ophthalmology clinics in Germany

Private equity firm Montagu is acquiring three ophthalmology clinics in Cologne, Germany, taking its majority-owned consolidation platform Artemis Augenkliniken into a new market, according to filings on the country's competition regulator website. A filing on the Bundeskartellamt shows that the UK-based investor has agreed to acquire what looks like the holding companies of three ophthalmology […]

Rede d’Or to IPO in 2019?

Brazil's largest hospital group by revenue, Rede d'Or, has announced its expansion plans for the next five years. But given ongoing speculation about its plans to list, it seems likely to IPO well within this timeframe, perhaps even this year. HBI puts this to the company and talks to a market expert.

10% of French labs consolidated in 2018

Over half of France's laboratory sites now belong to the market's seven biggest players after rapid M&A activity saw 10% of all sites consolidated in 2018. More deals are on the horizon.

Advinia “looking for investor to grow company” say sources

HBI understands from sources that UK nursing home Advinia has hired Macquarie to advise on options for the company going forward, including looking for a strategic investor to grow the company. We speculate on who any such investor could be with the help of a market source.

Armonea-Colisee merger creates fourth largest nursing home group

Belgian nursing home group Armonea has merged with French rival Colisee after months of preparing for a sale, creating Europe's fourth largest nursing home group. We hear from a reliable source that this is effectively a takeover by the French player.

Will the arrest of Baring Vostok CEO kill EMC/Medsi sales?

The CEO of the last major foreign-invested private equity firm in Russia has been arrested on charges of "large-scale fraud". It is almost certain to hurt the sale processes of two of Russia's largest healthcare companies and further dampen whatever foreign investor interest is left in the country. Michael Calvey, who founded Baring Vostok in […]

Medicover acquires hospital group

Medicover has acquired a neonatal and obstetrics hospital group in for €70.5m, expanding its integrated care network.

Mid Europa to put Regina Maria up for sale this summer?

Romanian Healthcare group Regina Maria looks like it will trade in 2019, with owners Mid Europa close to appointing a sell-side advisor and a decision possibly due this summer, HBI hears. We look at it in the context of private equity investments across Europe's hospital sector.

Finally, progress on Acibadem’s Bulgaria sale

Five months after the IHH-owned Turkish hospital group's Bulgarian and Macedonian assets were put up for sale, a deal finally looks in the making with two investors in late-stage discussions to buy the Bulgarian business, we are told.

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