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M&A/IPOs

 

EMC plans Moscow IPO

Russia's second-largest healthcare operator by revenue, European Medical Center (EMC), has announced an intention to float in Moscow but will not be raising any proceeds from the process.

Antin considers sale of €1bn Almaviva

HBI hears that Antin Infrastructure Partners is considering the sale of Almaviva Sante, the fourth largest French hospital group by revenue. HBI speaks to a France-based consultant to find out more and to talk about potential suitors.

Buyers move in on Lifebrain as Charme confirms Bianalisi

First-round bids have come in for Italy's largest lab group Lifebrain, with few surprises among the names. It's the second big move in the Italian lab market after Charme Capital confirmed it has bought smaller rival Bianalisi.  Multiples in the sector are hitting 16x EBITDA.

Dutch regulator halts another deal

The Dutch competition authority has paused Bergman's acquisition of dermatology specialist Mauritskliniek, saying that prices rose two years ago when it acquired NL Healthcare Clinics. Data shows that private equity is making fewer transactions in the market.

KCP exits specialist homecare group Routes

Private Equity firm Key Capital Partners (KCP) has sold its majority interest in long-term homecare operator Routes Healthcare, through a secondary buy-out backed by Palatine Private Equity. 

Interview: Ray Berglund and Dominic Orchard, Alvarez and Marsal

The pandemic is causing many businesses and their investors to reassess their plans - and their portfolios. HBI speaks to Ray Berglund, Head of European Healthcare and Life Sciences at management consultants Alvarez & Marsal, and his colleague and Managing Director Dominic Orchard, about why they have never been busier, and the clear trend they are seeing towards carve-outs.

Europe’s telehealth consolidators explain their M&A

Acquisitions in the European telehealth space are ramping up this year thanks to some mid-sized consolidation plays. HBI speaks to the CEOs of the buying parties: Ranjan Singh from HealthHero and Murray Ellender from eConsult. 

Mubadala Health diversifies with $800m UEMedical deal

Mubadala Health, the integrated health network of sovereign investor Mubadala, has added speciality fertility and women's health services to its network and expanded into Saudi with the acquisition of UEMedical. It now claims to be the largest IVF provider in the region.

Catholic hospital accepts San Donato bid

The Catholic owners of Rome's Fatebenefratelli hospital have accepted a bid from Italian hospital group San Donato despite rumours that the Vatican had pulled the sale. San Donato tells HBI that the deal is being closed.

Spire shareholder rebellion grows as Toscafund voices opposition

Global hospital group Ramsay Health Care's 240p-per-share bid for UK chain Spire Healthcare looks increasingly unlikely to make it over the line, with two of its four largest institutional investors now voicing opposition. We talk to an analyst about Spire's outlook and look at its shareholder structure. 

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