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Making the News

 

Revealed: Babylon’s real revenue in 2020

Recently filed accounts for UK telehealth unicorn Babylon show the group made £6m sales with almost £100m losses in 2019. However, a well-placed source gives HBI a more accurate picture of the holding company's accounts, filed privately in Jersey.

Hungary’s consolidators grow through COVID as ‘grey’ market formalises

Hungary's largest private acute care operators continued double-digit revenue growth of previous years in 2020 despite COVID-19, HBI can reveal. Recent analysis by analysts shows much of the sector's pre-pandemic growth may have been enhanced by capturing the 'grey' market of previously under-the-table private pay.

Rede d’Or’s payors losing market cap

Analysts covering Brazil's largest private hospital Rede d'Or have projected a 25% rise share price after its $2.2bn IPO last month. However, the sustainability of its fee-for-service business model in the long-term has been questioned by some. Its insurers are slowly losing market cap to integrated players.

Apax Partners France acquires Mentaal Beter

Apax Partners France has acquired Dutch psychiatry group Mentaal Beter. Partner Marc Benatar tells HBI that the group is planning to export its protocolised, pure outpatient model elsewhere in Europe through M&A.

Vaccine tours to claw back medical tourism losses

A handful of medical tourism hubs are starting to organise 'vaccine tours' in a bid to replace lost revenue, HBI hears. The idea is to fly the wealthy to somewhere they can get a COVID-19 jab.

Denmark tenders €200m lab services for COVID-19

The Danish regions want to spend just over €201m on collection and analysis services for COVID-19 PCR and antigen tests. This is more than 13x what the market's largest players - Unilabs and Synlab - earnt in the market in 2019.

Digital coaching start-up Liva Healthcare raises €24.5m

Digital coaching group Liva Healthcare has raised €24.5m, led by Verlinvest, as it targets expansion into Germany and Benelux states. CEO Andre Sode tells HBI that providers using the tool can better monitor up to five times more patients annually.

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