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Psychiatry and Mental Health

 

Huge mental health treatment gap in China and India

The Lancet has reported that third of the global burden of disease for mental, neurological and substance use disorders occurs in India and China – more than in all high-income countries combined – yet 10% or less of people with mental disorders in these countries receive the needed treatment. Even for serious psychotic illness only 40% of Chinese had treatment from healthcare professionals. Both countries are about to engulfed by dementia as their populations age.

Amma to fetch 12x EBITDA

Caixabank's deadline to sell Spanish care group Amma on 31 June approaches. SARquavitae appears to have pulled out because of the price. We look at the three bidders left in and the possible (high) price and at other Spanish care groups that are for sale.

Orpea closes pricey Sanyres deal

Sources claim Paris-listed care group Orpea has closed a preliminary agreement to buy Spanish nursing home group Sanyres for nearly 13x EBITDA. Spain's market leader SARquavitae only pulled out at the last minute, we hear. But Orpea had the upper hand thanks to its strong financial muscle and Sanyres' asset-heavy operation fitted well with its approach.

Antin Infrastructure Partners buys French psychiatry group Inicea

Antin Infrastructure Partners, one of the largest private equity house to focus on infrastructure, has bought a majority stake in France's third largest psychiatry group Inicea for an undisclosed amount. This is Antin’s second healthcare acquisition in less than a year after German lab chain Amedes. We speak to Angelika Schöchlin, Senior Partner at Antin Infrastructure Partners.

Caretech and Alpha go shopping

London-listed UK disability care group Caretech Holdings has acquired Oakleaf Care, a Northampton-based 102-bed provider in acquired brain injury (ABI) for £20.3m. We talk to CFO Michael Hill about Caretech's partnership with real estate developers, Cambian's flop and the NHS's steps to consolidate the sector.

Getting computers to read medical records

Extracting meaningful data from clinician records is not easy – all too often they are a jumble of idiosyncratic narratives. But a £10m project has managed to do just that. Researchers at the South London and Maudsley NHS Trust and Kings College London have analysed 270,000 cases in mental health, creating what Prof Matthew Hotopf, director of the NIHR Biomedical Research Centre (BRC) at the Maudsley, claims is the world’s largest clinical dataset for mental illness. The Maudsley team are now looking for industry partners.

Solid Nordic results suggest more IPOs

Nordic healthcare groups Capio, Attendo and Pihlajalinna have released solid annual results after floating in 2015. Political risk appears to be fading in Sweden and new public-private opportunities are under way in Finland. Could rivals like Ambea and Humana file for IPOs in 2016? We look at the figures.

Namibia to build national mental health network

Facing a huge shortage of mental health facilities and practitioners, Namibia wants to build a mental health network composed of several regional centres and three referral hospitals by 2018. According to the Minister of Health Dr. Bernard Haufiku, speaking at the Africa Healthcare Summit 2016 in London, the private sector is keen to get involved.

Cambian share price hits record low

UK-based specialist mental health services provider Cambian has issued its second profit warning in four months, leading shares to fall nearly 50% to 66p. The share price had already collapsed over 50% to 128p after the first profit warning in October 2015. So the group has seen its share price plummet 71% in total since its IPO in April 2014. Cambian's finance director left after the first profit warning.

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