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M&A/IPOs

 

Coronaria CEO: no plan to sell optical retail unit after ophtha merger

Finland’s fourth-largest healthcare operator, Coronaria, has built the biggest ophthalmology business in Finland and is also the largest player in rehabilitation. We talk to CEO Teppo Lindén about his plans, why he is keeping the optician arm and the impact of Covid.

Amazon’s Indian e-pharmacy play triggers rapid consolidation

In the space of a week, Amazon has launched an online pharmacy pilot in India, the country's largest retailer has retaliated by buying a controlling stake in established rival Netmeds, and the market's other two largest players - PharmEasy and Medlife - have merged to create a $1.2bn+ valued company. This is despite ongoing legislation that might ban e-pharmacies from any activity at all.

Diaverum IPO pushed to 2021 as lockdowns hit growth

The IPO of international dialysis provider Diaverum by owner Bridgepoint is likely to have been pushed back to 2021, we are told. While dialysis volumes have been largely unaffected by the pandemic, lockdowns and travel restrictions may have hit its ability to reach full-year growth targets.

Biogroup makes first acquisition outside of France – and plans more

Biogroup, France's largest lab group by revenue, has new Belgian shareholders after it acquired family-owned CMA-Medina, its first move outside of the home market. CEO Stephane Eimer tells HBI that the new Franco-Belgian group will make more acquisitions there and abroad.

KPJ Healthcare exits one Indonesian hospital

Malaysian's largest healthcare group has sold its stake in one of its two Indonesian hospitals, saying that the disposal is part of a "wider restructuring exercise" in the country.

Spanish hospital M&A resumes in July

Spain's private hospital groups have resumed their pre-COVID M&A binge in July, with three of the five largest striking deals to acquire smaller competitors. It comes as private hospital activity levels across Europe recover more quickly than previously forecast - although that hasn't prevented casualties amongst some individual sites.

Orpea kickstarts €1.5bn propco sell-off with Icade deal

Europe's largest elderly care operator Orpea is preparing to strike more sale-and-leaseback deals with big REITs after concluding a €145m deal with Icade in Germany. HBI expects a flurry of deals may follow as part of a £1.5bn propco sell-off which will fuel further acquisitions. We talk to property investment sources about where else it might sell, potential buyers and the yields they can expect.

Elsan confirms KKR deal

France's second-largest private hospital operator Elsan has confirmed recent reports that global private equity firm KKR is acquiring a stake in the group, and is being joined by French investor Ardian.

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