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M&A/IPOs

 

Korian expands psychiatric platform

Pan-European care giant Korian has bought the third largest mental health platform in Spain following its re-entry to the mental health sector with its purchase of French group Inicea.

Swiss Life buys German care home portfolio

Luxembourg-based private equity firm Threestones Capital has sold its portfolio of 27 German care home properties to real estate manager Swiss Life Asset Managers for €425m.

Mehilainen targets Estonia for international expansion

Finnish outpatient and occupational healthcare specialist Mehilainen has made two acquisitions in Estonia. The company says strong expansion into Estonia is a natural next step in Mehilainen’s internationalisation strategy.

Triton “invests” in Bergman – Aleris merger to follow?

PE firm Triton has agreed to "invest" in Dutch, Nordic and German ambulatory clinic operator Bergman Clinics, possibly implying it is not buying control from NPM Capital and the Malensteins who are retaining stakes. Triton would not comment on the size of the stake nor on our speculation it plans to merge Bergman with Nordic operator Aleris.

GCC post-acute group sells for 10.5x as M&A climate cools

TVM Capital Healthcare has sold the GCC's largest post-acute/rehab provider Cambridge Medical and Rehabilitation Center (CMRC) to investor Amanat Holdings for 10.5x its 2020 EBITDA, a much lower multiple than it got for similar business Provita six years ago. We discuss the change in M&A climate with TVM CEO Dr Helmut Schuehsler and talk to Amanat's CFO about its plans with CMRC and its three other healthcare assets.

$20bn merger could transform Brazilian healthcare market

A $20bn merger between two giants of Brazilian healthcare, listed HMOs Hapvida Participacoes e Investimentos SA and Notre Dame Intermedica Participacoes SA (GNDI), will create one of the world’s biggest companies providing verticalized health-care solutions. HBI looks at the deal in detail, and talks to a Brazil-based operator to find out more.

HC-One selling 52 care homes

One of the UK’s largest five largest care home operators by revenue, HC-One, is putting 52 care homes up for sale and closing four more. We talk to UK advisor Candesic. 

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