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Assisted Living

India’s Portea raises $26m and expects to break even next year

Fast-growing Indian group Portea raised $26m in fresh capital from several investors last week as it diversifies its business out of home care services.

November 30, 2017

Finnish nursing home group Hovi expands in Singapore

Family-owned Finnish nursing home group Hovi has made its first venture abroad. It has entered Southeast Asia by setting up an elderly day-care centre in Singapore. Group CEO Jussi Peltonen tells HBI of plans to further expand in the region.

November 23, 2017

Interview: Nico de Waal, CEO, PSG Alpha

South African investor PSG Alpha took a 50% stake in nursing home group Evergreen Lifestyle for US$50m this month. The elderly care opportunity in the country is huge, says CEO Nico De Waal, but the problem is knowing where to start with precious little to consolidate.

October 2, 2017

MK-Kliniken offloads bulk of business to French PE firm

German nursing home operator MK-Kliniken has sold two-thirds of its nursing home operations to French private equity firm Chequers Capital for a reported €300m. Our source in Germany says now is an opportune time to sell.

September 27, 2017

Profits “halved” in Dutch psychiatric care sector, but there’s large opportunities for smaller players

A new report into the profitability of the psychiatric care sector in Holland suggests that profits have halved over the last year - but there are opportunities for smaller players as the larger operators struggle.

August 22, 2017

Fifth acquisition in less than six months for German elderly care group

German elderly care chain Dorea is making its fifth acquisition since the start of 2017 as it takes over a homecare provider near Hamburg. And it won't stop there, says Dorea's general manager Axel Hölzer.

June 14, 2017

Orpea becomes Czechia’s largest nursing home operator

Europe’s second biggest elderly care chain Orpea is continuing its expansion in Central Europe after announcing two acquisitions. It becomes Czechia's largest operator in elderly care, and further penetrates the Austrian market.

April 26, 2017

HBI 2017: India: The challenges of building a business in elderly care

India is a country where there’s an expectation that the family will care for its senior citizens, the public health system is dysfunctional, and nursing homes are almost unheard of. How then can you build a business in elderly care? Krishnan Ganesh, founder and chairman of Portea Medical, in India, was at HBI 2017 to explain his idea of uberised healthcare on demand.

April 20, 2017

HBI 2017: “Live-in-care”: A profitable alternative to nursing homes?

Promedica24 has built a business around “live-in care”, recruiting in East Europe where wages are lower, and servicing the West. CEO Lukasz Pucilowski explains his business model and plans for expansion.

April 19, 2017

French care chain to move towards homecare

Colisée, France’s fifth largest care home chain, has bought 12 nursing homes from GDP Vendôme with the intention of offering a new range of services "between homecare and residential care".

April 10, 2017

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