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Making the News

 

Abraaj funded hospital opening in Lagos

Healthcare Nova hears that a 160-bed hospital in Lagos, being developed by UAE-based private equity firm Abraaj in partnership with a local operator, is set to open in 2018.

Nordic nursing home building boom to continue in 2018

More than half of healthcare real estate investor Northern Horizon’s aged care fund is in new build nursing homes and its manager Jussi Rouhento says that trend will continue in a wave of deals to be announced this spring.

UK care home giant saved from administration – for now

Four Seasons, the UK's second largest care home group, has avoided going into administration at the 11th hour after striking an agreement with its key creditor - a day before it was due to pay a £26m interest payment which it could not meet.

Private wing of London NHS hospital set to expand

We hear from reliable sources that the Kingston Hospital NHS Foundation Trust in south-west London is putting a management contract out to tender that could see the enlargement of its private wing.

Outpatient sector in South Africa and Brazil, psychiatry in GCC + hospitals in India

We continue to add to our database of the Top 1,200 private operators in Emerging markets.  We've just looked at outpatient chains in Brazil and South Africa, which are growing fast offering primary care, some specialist outpatient work and a bit of ambulatory surgery. We've also identified two rare psychiatric hospitals in the GCC where there are huge taboos around mental health. The database gives you a clear and accurate overview of the healthcare services sector from Chile to China.   In South Africa we found a thriving outpatient sector.  Intercare (which we interviewed here) has recently sold a stake to Mediclinic. We identified several direct competitors including Advanced Health, which is listed on the JSE.  In Brazil we found a series of fast-growing outpatient clinics targeting rapid roll outs. They include Dr Consulta, GlobalMed and Clinica Fares. The database now has 90 outpatient chains. In the GCC a good contact identified the two reputable players in psychiatry, a taboo area. We plan to add more private psychiatry units. In India we've added a range of operators including regional players in medicalised homecare. 

Laureate sells off private universities in Europe

Laureate Education Inc, the NASDAQ listed private university chain, has agreed to sell for-profit European University Cyprus (EUC), which has a medical school and the only accredited dentistry program in Cyprus. We hear other European assets may follow.

Borelius quits as Attendo CEO

In a shock move, the man who has built Attendo into the largest Nordic care group over more than a decade announced his departure.

Lenmed looks north 

South Africa's fourth largest hospital chain is already in Mozambique and Botswana and is keen to expand into other Sub-Saharan countries such as Nigeria, Ghana and Uganda. That might be with specialist outpatient chains.  But there are plenty of opportunities in South Africa as The Competition Commission stops the Big Three from making more inpatient acquisitions. We talk to Lenmed COO, Amil Devchand. 

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