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M&A/IPOs

 

Korian acquires Spanish mental health provider

French pan-European elderly care giant Korian has acquired Grupo 5, a Spanish provider of mental health services, from Spanish private equity firm Corpfin Capital, after receiving the green light from Spain’s competition authority. The acquisition is part of Korian’s strategy to develop its health care offering and to build a pan-European mental health platform.

Morocco’s largest hospital group’s share price tanks after successful IPO

Africa-focused private equity firm Mediterrania Capital Partners has made a successful exit from Akdital, Morocco's largest for-profit hospital group, with the biggest IPO on the Casablanca Stock Exchange since 2008. But despite being heavily over-subscribed, the share price has since fallen by 9%.

Atrys offloads 25% of Conversia amid stock slump

Spanish based diagnostic labs group Atrys has sold 24.9% of its stake in regulatory compliance subsidiary Conversia to Arragio NW Segundo for €20m. The move comes after a disappointing year where the firm has seen its share price fall 39%.

Amanat to merge Sukoon and CMRC

Dubai-based listed health care and education investment firm Amanat Holdings is merging two of its post acute care providers in the GCC region, Sukoon and Cambridge Medical and Rehabilitation Center (CMRC), in the latest move in its plan to build the region's largest post-acute care platform.

TVM Capital Healthcare raising outpatient SE Asia fund

Dubai and Singapore based private equity firm TVM Capital Healthcare is raising a new emerging market fund which will invest in non-hospital health care assets in the South East Asia region. The fund has a target of $200m and is expected to make its first investment in the first half of 2023.

Due diligence begins for KIMS sale

KIMS Health, one of the largest hospital groups in South India, is up for sale. Due diligence has begun after a first round of bids which HBI understands included India's fourth largest operator Max Healthcare, as well as big international PE investors Blackstone and CVC Capital. Binding bids are expected next month.

Chris Toth, CEO, Varian, a Siemens Healthineers Company

In April last year, medical device giant Siemens Healthineers acquired Varian Medical Systems in one of the largest all cash MedTech transactions in history. HBI catches up with Varian CEO Chris Toth to find out more about the deal, and Varian’s plans for the future. 

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