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M&A/IPOs

 

Medipass sells to infra minus its healthcare services

Gruppo KOS has sold managed equipment services provider Medipass to Deutsche Bank's asset management arm DWS, which closed a €2.5bn infrastructure fund last year. The deal will see KOS keep Medipass' only healthcare services assets - its Indian subsidiaries - although a source says it will look to sell those swiftly.

IK Investments to sell Colisée to EQT Infrastructure

French nursing home operator Colisée is changing hands as IK Investments sells its majority stake to Sweden-based PE firm EQT's infrastructure arm. This is the first large transaction the sector has seen all year.

Macquarie in talks to buy middle market Spanish hospital player

Macquarie Infrastructure and Real Assets (MIRA) is reportedly in talks to buy a majority stake in Viamed Salud, Spain's ninth-largest for-profit hospital operator by revenue. Why is a top 50 global asset manager buying a middle-market operator?

XenZone lists on AIM and rebrands as Kooth

Digital mental health group XenZone has listed on the small-cap AIM exchange, raising £16m. Its CEO tells HBI that the company is targeting entry to the US and Europe. It has also rebranded as Kooth, its main brand name.

Advent rekindles Dentix bid

Advent, the owner of Spain's largest dentistry group Vitaldent, has emerged as the leading bidder for the market's second player, Dentix, despite earlier reports that it had frozen a rescue package.

Helios eats pack of Maltesers

German and Spanish hospital group Fresenius Helios is buying three more hospitals in Germany from the Malteser non-profit foundation, adding €160m in annual sales and increasing size of the for-profit hospital sector by 1-1.5%.

Rede d’Or hires banks for $2.7bn IPO

Rede d'Or, Brazil's largest hospital chain by revenue, has reportedly hired banks to prepare a long-awaited $2.7bn IPO for the autumn. The company reportedly expects a valuation of $17.8bn, which would make it the second-largest listed hospital group in the world by market capitalisation after HCA.

Investors discuss opportunities in Nigeria’s private healthcare sector

A panel of Nigeria's healthcare operators, private equity investors and finance institutions including the IFC discussed opportunities for financing the sector in a recent panel discussion. HBI asked one of them whether recent entries into the diagnostics space from foreign entities are a benefit or are just helping to cream off the top-tier of the market.

France’s regional hospital groups consolidate as multiples increase

France's regional for-profit hospital operators have spent the last 12 months aggressively consolidating the c.65% of the sector not held by Ramsay Sante and Elsan who have been notably quiet on home turf. Vivalto, C2S and Doctegestio have added a collective €500m in sales while the larger pair have done as much selling as buying. Why? HBI talks to a Paris-based M&A advisor, who says deal pricing has improved as shown by the recent Elsan deal.

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