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M&A/IPOs

 

CMA issues hold-separate orders on Welltower’s UK care home acquisitions

The UK Competition and Markets Authority (CMA) has ordered US healthcare REIT Welltower to pause the integration process for the 600+ UK care homes it bought in October 2025, as it considers whether controlling all three of the largest for-profit players in the market might raise competition concerns.

Siegfried acquires Noramco, Extractas Biosciences, and Purisys from SK Capital

Siegfried, a Switzerland-headquartered pharma Contract Development and Manufacturing Organisation (CDMO), is acquiring three businesses from private equity firm SK Capital: the pharma company Normaco Group, Purisys, a CDMO partner for custom APIs, and Extractas Bioscience, a Tasmania-based botanicals manufacturer.

Gilde Healthcare-backed medtech group acquires Rudischhauser 

Netherlands-based thematic healthcare investor Gilde Healthcare has acquired Rudischhauser, a Germany-based surgical instruments and implants contract manufacturer, through its specialist contract manufacturing group for surgical instruments, Surgical Precision Instruments (SPI). 

Greek bank Piraeus interested in Bioiatriki to form integrated payor-provider

Piraeus, Greece’s largest bank, has approached Bioiatriki, Greece’s largest for-profit primary care group, with the intention of acquiring it and integrating it with the insurer it bought last year, Ethniki Insurance, to form a major payor-provider which would become the largest for-profit healthcare provider in the country. 

Australian competition authority reviewing Ramsay’s acquisition of NCPH from Healthscope

The Australian Competition and Consumer Commission (ACCC) is reviewing the acquisition by Australia’s largest for-profit hospital group, Ramsay Health Care, of Canberra-based National Capital Private Hospital (NCPH), the biggest asset that is being sold off in the liquidation of Healthscope, which was Australia’s second largest hospital group until it went bust last year.

KKR and GIC struggling to sell Filipino hospital chain Metro Pacific for $3 billion

The sale process for Filipino hospital chain Metro Pacific Hospital Group has stalled due to price misalignment. US private equity firm KKR and Singaporean sovereign wealth fund GIC haven't managed to sell their joint 80% stake at the $3 billion + valuation they were targeting in 2024. The two main interested parties, US private equity firms TPG and Blackstone, think the roughly 20x multiple is far too high. HBI hears one of the bids came in as low as $2 billion.

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