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M&A/IPOs

 

Healius sells Lumus Imaging to Affinity 

Australian diagnostics group Healius has sold its imaging division, Lumus Imaging, to pan-Asian PE firm Affinity Equity Partners, for A$965 million (~$655 million).

2025 could be the year M&A finally bounces back

M&A activity in healthcare has been subdued over the past two and a half years. We discussed this with Ramesh Jassal, who has just joined investment bank Heligan Group as Partner ‑ Healthcare, Corporate Finance, to build a specialist healthcare advisory team. He shared his view on why we should expect to see deal activity return in 2025, and which sub sectors will see most interest.

Malaysia emerges as a preferred hub for healthcare PE investments

The Southeast Asian country Malaysia has recently witnessed a surge in private healthcare investments. This is particularly evident in the country’s top for-profit hospital provider IHH Healthcare’s latest acquisition of Island Hospital, a 600-bed private facility in Penang, Malaysia, for £970 million from the private equity (PE) firm Affinity Equity Partners. The Malaysian healthcare sector ripe for healthcare PE investments.

India’s hospital merger between Aster DM Healthcare and Blackstone-TPG backed Care Hospitals: here’s what we know

On August 9, HBI reported on a potential merger between Aster DM Healthcare, a Dubai-based multinational hospital group with operations in Bengaluru, and Hyderabad-based Care Hospitals, owned by PE firms Blackstone and TPG. If completed the merger may lead to the creation of a new entity — possibly named Aster DM Quality Care Pvt. Ltd. — jointly managed by Aster DM’s promoters and executives from Blackstone and Care Hospitals. Both organisations currently operate approximately 4,000 beds each, with any merged entity commanding a network of over 9,000 beds. Any deal would make the new entity India’s third-largest hospital network, behind only Apollo Hospitals and Manipal Health Enterprises.

Zerenia buys digital pain management platform Leva Clinic

Zerenia Clinic, a UK healthcare provider specialising in medical cannabis treatment, has acquired Leva Clinic, a digital health company specialising in pain management that offers a variety of behavioural self-help tools via an app as well as cannabis medication.

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