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Colosseum Smile “went for a high price”

The former CEO of Swedish dental chain Colosseum Smile says IK Investment Partners received a high price when Colosseum sold it to the Swiss fund Jacobs Holding AG last week.
January 18, 2017

Sote reform could end our outsourcing model in Finland, says Pihlajalinna CEO

The Finnish Sote reform, which will bring freedom of choice into health and social care, will spell the end of the current outsourcing model used by Pihlajalinna, says its CEO Aarne Aktan. It’s not certain the new regional health authorities will pursue the joint ventures that the group has profited from, he said, and it's behind in the race to establish a consumer brand.
January 18, 2017

Interview: Aarne Aktan, CEO, Pihlajalinna

The health and social care group, Pihlajalinna, is the biggest (and arguably hardest to pronounce) name in Finnish outsourcing. It opened its first joint venture with Jämsä in 2010 and now receives 55% of its sales through this model. But the Finnish Sote reform, which will totally reshape the market, is fast approaching. Still, Aktan claims that Pihlajalinna, a weak consumer brand, will adapt to freedom of choice and the end of outsourcing as he knows it.
January 18, 2017

Delhi High Court blocks Fortis sale to TPG

The High Court of Delhi has accepted an application by the Japanese drug maker Daiichi Sankyo to block the sale of the Indian hospital group Fortis Healthcare to the private equity house TPG today. The Singh brothers, who own 83% of the group, were reportedly considering an INR 3,000 crore (US$451m) bid for a 26% stake in the group with a “control premium”.
January 17, 2017

Vietnam attracts foreign operators – but why?

Two weeks ago, Singapore Medical Group (SMG), which owns 23 clinics in Singapore, bought a minority stake into City Clinic Asia, another Singaporean operator, in the hope to develop two clinics in Vietnam. Hien Nguyen Luong, director at PwC in Vietnam, says the country is increasingly appealing to foreign investors.
January 16, 2017

New funding still long way off for soon-to-be profitable MyDentist

MyDentist, the second largest chain of dental clinics in India, is reported to be looking to raise US$20m from a third funding round. Vikram Vora, CEO of MyDentist, tells Healthcare Nova that its still early days to be talking about a deal – and he expects to make a group-level profit for the first time this quarter.
January 16, 2017

Schön takes over bankrupt hospital in Düsseldorf

The German private hospital group Schön Klinik has received clearance from the German authorities to buy the Dominikus Hospital in Dusseldorf. Dominikus was previously part of the non-profit CWS Group, but went bankrupt last year after a sharp rise in construction costs.
January 12, 2017
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