M&A/IPOs

 

Ex-Priel Slovenian asset trades

CEE private equity firm Arx Equity Partners and the investment company of now-deceased Joseph Priel have sold their stakes in a Slovenian hospital and outpatient group, HBI is told.

‘Years of negative growth post COVID’ predicted by UK dental operator

HBI has revised its HBI Intelligence forecast for growth in the UK dental market in 2020 down to -2.5%. It had been growing at 3.5% - but that was before the COVID-19 outbreak. One UK-based operator forsees revenues plunging, multiples dropping, patients avoiding appointments and some owner-practitioners simply calling it a day and selling up.

Life puts Scanmed sale on hold

South African hospital group Life Healthcare has postponed its sale of Polish subsidiary Scanmed despite already receiving non-binding bids, due to the coronavirus.

Biogroup buys Laborizon

French lab network group Biogroup LCD will hold 20% of its domestic private lab market following its latest acquisition, CEO Stephane Eimer tells HBI. The deal is likely to be one of the last before M&A grinds to a halt.

Investor launches buyout of Nigeria’s third-largest diagnostics chain

Listed Nigerian lab and imaging group Union Diagnostics, the country's third-largest by revenue, is the target of a majority buyout by its largest single shareholder. We talk to a well-placed source about the Nigerian diagnostics market which has five big players, including European and GCC diagnostic operators Synlab, IDH and Cerba which entered recently. 

Advent ‘pulls out of Dentix deal’

Reports from Spain suggest Spain’s biggest dental chain by revenue, Dentix, has an uncertain future after a rescue plan by Vitaldent owner Advent fell through.

Bankers discuss Elsan sale prospects

We talk to senior banking figures about the approaching sale of French hospital group Elsan by CVC Capital Partners. One reckons a quiet "deal within the French establishment" is likely while another says the obvious strategic buyer should not be ruled out.

Dutch physiotherapy group makes plans to go national

Dutch physiotherapy specialist TopzorgGroep has recently gained new investor. HBI talks to a Netherlands-based consultant about how the group could become a notable player in a largely chain-free market.

Will Bergman buy big before prospective sale?

Rumours persist that Bergman Clinic, the Dutch and Nordic ambulatory and ophthalmology clinic chain, is looking to sell and may have one large acquisition in its sights ahead of any process starting. HBI speaks briefly to two banking sources, and a Netherlands-based advisor to find out more.

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