Investcorp has bought a stake in Saudi Arabia's Al Borg Medical Laboratories, one of the largest private medical laboratory chains in the Gulf. This appears to be Investcorp’s first foray into health care services.
Bupa is the second global player to buy in the UK healthcare market this week – its deal for dental group Oasis follows Life Healthcare’s acquisition of Alliance Medical. There are two things that stand out about the deals: the Brexit factor and the premium paid for top-rated management teams.
Bridgepoint-owned UK dentistry chain Oasis Dental Care has sold to Bupa for £835m – an estimated forward EV/EBITDA multiple of over 15x. We speak to a consultant close to the deal about Oasis’s valuation.
As predicted by Healthcare Europa last month, Bupa has bought Oasis Healthcare, the UK’s second largest independent dentistry chain, from Bridgepoint, the European private equity group. The transaction values the business at £835 million. Further consolidation looks likely.
Shares in Life dropped almost 10% on the news of its acquisition of Alliance Medical, we interview the two men behind the deal and talk to analysts. What are the prospects for the combined group?
The largest private hospital group in South Africa, Mediclinic, is feeling the effect of issuing shares to acquire Gulf hospital group Al Noor - and reported a drop of 26% in its underlying earnings per share (EPS) for the six months ending September 30.
As forecast here, Life Healthcare has purchased Alliance Medical, the big Anglo-Italian imaging services platform with a limited presence in a further six countries. The enterprise value of between £760m and £800m values the company at around 13 times EBITDA of £60m in the year to March 2016. We analyse the deal, which is a bet on West European governments increasing the outsourcing of medical services.
France's second largest hospital operator Elsan is in talks to acquire MédiPôle Partenaires, the country's third largest group, in the first half of 2017. The deal would create France’s largest private hospital network with €2.2bn in revenues –challenging Ramsay’s position as leader in the country.
Life Healthcare, the big South African hospital group with an operation in Poland and stake in Max Healthcare, the big Indian hospital group, is close to purchasing an asset in the UK, says a source close to the deal. South African analysts say it’s looking at a niche market with a component of public sector outsourcing. We look at who.
Although Cinven is reportedly out of the picture for French reference lab Cerba, one analyst says it is likely that the group is still looking at buying clinical diagnostics player Unilabs.
Healthcare Business International users cookies to improve the functionality, performance, and effectiveness of our communications. Detailed information on the use of cookies is provided in our Cookies Policy. By continuing to use this site, or by clicking "I agree" you consent to the use of cookies.
