News About M&A/IPOs

 

IHH takeover of Fortis on hold following Supreme Court ruling

Shares in under-fire Fortis, the large Indian hospital chain targeted by pan-Asian group IHH, dropped by almost 8% following a ruling by the Indian Supreme Court that Fortis' founders were guilty of contempt on Friday for not settling a debt, adding that similar proceedings against Fortis could follow. The IHH deal is now on hold. Could it be in jeopardy?

Barchester to buy Four Seasons’ “jewel in the crown”

UK nursing home operator Barchester is reportedly in advanced talks to acquire 24 brighterkind homes, which were Four Seasons "jewel in the crown" before being carved off by owner Terra Firma. HBI considers the likely price and talks to a well-placed source to find out more.

€10bn battle of the labs as Unilabs and Synlab mull 2020 sales

Europe's largest lab groups could both sell in 2020, with Apax appointing Rothschild to explore a sale of Unilabs while Synlab's majority owner Cinven is also weighing up an exit. The sale values including debt could potentially reach €10bn combined.

Exclusive: SpaMedica pulled from sale as UK election and Brexit loom

The largest UK NHS cataract surgery provider, ophthalmic specialist SpaMedica, was pulled from sale recently after just a few weeks on the market and before bids could be submitted, HBI hears. But it could soon be back on the market, and HBI talks to three market experts to find out more about the aborted process, possible prices and suitors.

KKR and Triton sell large chunk of Ambea shares

Previous majority shareholders of Ambea KKR and Triton, through their joint investment vehicle Actor SCA, have sold over 12% of Ambea shares to the market this week in their gradual retreat from company ownership. 

Exclusive: We name strategic buyer in talks to acquire BMI Healthcare

Independent sources tell HBI that UK hospital chain BMI Healthcare could soon be sold to another hospital operator by its landlord-turned-majority shareholder, just a year after it took over the business. We reveal the likely buyer, give the reaction of advisors and investors, and adjust BMI's likelihood of an imminent sale on HBI Intelligence Deals Pipeline tool to 95%.

Merger creates Brazil’s second largest healthcare provider

The merger of lab and imaging specialist Diagnosticos da America (DASA) with São Paulo-based hospital network Rede Impar (RI) will create Brazil's second-largest provider of healthcare services by revenue. A market source tells HBI this could be with a view to an IPO next year.

Mehiläinen makes offer for Pihlajalinna and reveals international expansion

As first speculated by HBI last year, Finnish health and social care provider Mehiläinen has offered to buy competitor Pihlajalinna. We talk to Mehiläinen CEO Janne-Olli Järvenpää and local sources about integrating the two companies, competition concerns, the possibility of a bidding war and international expansion, which Järvenpää gives HBI exclusive details on.

IVIRMA could list after sale of minority stake

Following the news last month that the largest fertility company in the world by revenue, Spanish-based IVIRMA is looking for an "economic partner" through Morgan Stanley, speculation is mounting that the company plans to IPO once its new partner is onboard.

Notre Dame Intermedica acquires in South Brazil

Brazilian vertically integrated payor-provider Grupo Notre Dame Intermédica (GNDI) has acquired Clinipam, an operator in the South of Brazil, as it attempts to keep pace with rival Hapvida. The two are battling it out for market share on the most competitive part of the market.

Quironsalud further consolidates in LATAM

Spain's largest for-profit hospital operator Quironsalud, part of German counterpart Fresenius Helios since 2016, has made yet another South American acquisition further consolidating its position in Colombia.

FREE BLOG New HBI pipeline tool reveals long-held investments 

Nearly a third of all private equity-owned health care businesses in Europe have been held for at least five years, according to the new HBI Deals Pipeline tool. That suggests many private equity houses are struggling to sell on their investments.

Waterland-backed Schönes Leben acquires in Germany

German nursing home operator Schönes Leben, backed by private equity house Waterland, has acquired bolt-on Mediko in the North. We ask a market expert what this means for the market and get estimated multiples.

Why UK specialist adult care is hotting up

Tough regulatory pressure, reputational risk and high profile scandals have put some operators off providing specialist adult care in the UK (which covers autism, learning disabilities and personality disorders). Yet interest from investors is hotting up and providers are growing rapidly. We speak to the head of healthcare at investment bank Alantra about opportunities on this market.

Diaverum auction starts; first-round bids in

The sale of global dialysis provider Diaverum has officially launched with first-round bids submitted earlier this month, HBI hears, and second-round offers expected in the next few weeks. Who has actually bid is much less clear, however, and owner Bridgepoint is keeping the IPO option open.

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