M&A/IPOs

 

KPJ to focus on Malaysia and exit other markets

Listed Malaysian hospital group KPJ Healthcare is selling non-core assets it holds outside of Malaysia to focus on its Malaysian hospital segment. It has already fully exited Indonesia and plans to fully exit Australia within the next two years, and may also exit Bangladesh. It still has a hospital in Thailand which it has no plans to sell, as it is focused on medical tourism - a key part of the company's strategy going forward. The company reported strong results for 2023, with revenue up 19% and core net profit up 61%.
February 23, 2024

Affidea buys dental clinic in Spain and expands in Italy

Pan-European imaging and diagnostics firm Affidea has bought an advanced dental services clinic in Spain - the first such acquisition by the group - as well as two polyclinics in Italy. HBI understands the dental acquisition is part of the group's long-term strategy to move away from only providing diagnostic imaging to being more of an integrated care platform offering a range of outpatient services.
February 23, 2024

IHH scraps IPO plans for Indian lab

Pan-Asian hospital giant IHH Healthcare is aborting its plans to IPO its India-based indirect subsidiary Agilus Diagnostics - which was proposed in late summer last year - due to “commercial considerations”.
February 16, 2024

Cigna sells Medicare business for $3.3bn

Last week, US health insurer giant Cigna finally offloaded its Medicare business - which manages government-back health insurance for over 65s - to insurer Health Care Service Corp (HCSC). The $3.3bn cash deal finally putting industry rumours of a megadeal with rival insurer Humana to bed.
February 8, 2024

Affidea buys again in Romania, targets further expansion

Pan-European diagnostics group Affidea continues to consolidate Romania's diagnostics market with the acquisition of another three imaging clinics in the north of the country. It now has 53 clinics across Romania.
February 8, 2024

PureHealth continues investment streak

UAE-based healthcare group PureHealth has acquired a 25% stake in Sheik Shakhbout Medical City (SSMC), continuing its streak of recent expansions.
February 7, 2024

Clariane sells in the Netherlands

French nursing home operator Clariane (formerly Korian) is selling half of its stake in its joint venture with European real estate investor Aedifica. The sale of the real estate for six Dutch homes for €25m follows Clariane’s plans to reduce its debt and also mirrors rival operator Orpea’s attempts to pull back from the country.
February 7, 2024

Vamed and Median could merge to create rehab giant

Two of the largest rehab groups in Germany could be merged in what looks set to be one of 2024's biggest European health care services deals. Dutch PE firm Waterland Private Equity, which has owned Median Kliniken since 2014, is reportedly the front runner in the sale of Fresenius Vamed's rehab facilities.
January 26, 2024

New entrants could disrupt “tough” fertility market

The cost-of-living crisis is having a huge impact on fertility patients, making the sector ripe for disruption. A fertility expert tells HBI cunning new entrants will be the winners while established PE could well be the losers.
January 26, 2024
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