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Post-acute Rehabilitation

 

Swedish private sector could face restrictive rules as early as 2015

The new minority Social Democrat government has published a radical manifesto, which could eradicate the for-profit sector from the Swedish healthcare, care and education landscape. A commission will report back by March 2016. We look at the manifesto and analyse the likely impact immediately and, also, in 2-3 years time. Prof Anders Anell at Lund University reckons for-profit could face new restrictions in early 2015.

Waterland set to buy Median

German newspaper Borzenzeitung states that Dutch private equity house Waterland is likely to buy reha chain Median, the largest reha chain in Germany, for almost €1bn from Advent International. It already owns RHM Kliniken, the number two player.

Median buys two acute hospitals

In a puzzling move, Advent International-owned Median, Germany’s largest reha chain has bought Atos, which has two acute hospitals in Bavaria, a state where Median currently has no presence at all.

Universal Health Services enters Europe

Universal Healthcare Services, the biggest US behavioural care operator, has followed Acadia, the second largest US player, in entering the UK market with the acquisition for a reported £200m of Cygnet Healthcare. We look at the multiple and significance.

Goldman Sachs to sell Median Kliniken

As forecast here in May 2014, Advent International is to sell Median, the big German reha chain. Goldman Sachs is kicking off the process. But who will buy?

Interview: Ted Smith, Chairman, Tracscare

G Square, the Pan-European private equity house which specialises in healthcare services, has bought Tracscare, a mid-sized player in caring for people with mental health illness, learning disabilities and acquired brain injuries in England and Wales, from Sovereign Capital. We talk to Tracscare’s chairman Ted Smith about the company, which has 75 facilities, and about the sector in general. Smith, who is chairman of five care groups, has a unique bird's eye view on the UK care sector.

Five super-regions promise radical reform for Finland

The Finnish government, a coalition between the centre right and the social democrats, is proposing that all publicly paid for healthcare and care services should be procured by five new super regions. They would take over purchasing these services from the 320 municipalities who handle elderly and primary care and the 20 hospital regions who run acute care. But will the new regions actually take over the public nursing homes and hospitals or merely procurement of services? The move is seen as a potential bonanza for the private sector. Is this correct? We talk to Prof. Juhani Lehto about the odds on change.

Exeunt omnes

Europe's largest healthcare service companies are queueing up for the exit in 2014. Expect Apax-owned Capio, the Swedish, French, German, British hospital group, to seek an IPO in Sweden after the election. Euromedic, the Pan-European imaging services group, is also likely to IPO or go for a trade sale in the second half of 2013, as will Median Kliniken in Germany. Cinven-owned UK hospital chain Spire is veering towards a trade sale, but could also IPO. We look at prospects.

Finnish property sector grows

Healthcare property is selling in Finland, as BPT Asset Management raises a second fund. We talk to fund manager Jussi Rouhento.

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