Swedish care provider Humana is to IPO on March 22 in a listing which will value it at up to SEK3.3bn. The listing follows IPOs from Capio and Attendo in Sweden and from Pihlajalinna in Finland in 2015.
Dutch nurse-led homecare group Buurtzorg has volunteered to the Ministry of Health to take over domiciliary care/medicalised homecare TSN Thuiszorg. TSN, which is the largest group in the country, is in lenders' hands due to a €400m cutback in the public-private homecare sector. Buurtzorg has committed to admit 75% of TSN's staff in exchange for a favourable €21 hourly tariff. The deal would automatically leave Buurtzorg as the market leader, but competitors tell us that that they are angry.
Aurelius Group, a listed Pan-European private equity house which specialises in turnarounds, has bought Allied Health, the UK’s largest domiciliary care provider, with sales of £282m in 2014 for £19m, with Saga chipping in a further £10m to the Allied pension fund. Saga wrote the value of Allied down to zero in January 2015. We talk to Tristan Nagler, Aurelius UK managing director, about what Aurelius saw in the business and review the sector.
Having IPOed as recently as June 2015, Finnish healthcare group Pihlajalinna is to ask shareholders for a mandate to issue an extra €40m in shares. The shares have soared 70% above the IPO price to over €17. A €40m issue would leave the company with €70m of net cash. What might the company buy and what does the move tell us about the Finnish market?
As forecast here, Attendo, the largest Pan-Nordic chain is to IPO on Nasdaq Stockholm, creating a group with a market cap of at least €861m (SEK8bn) at the end of November 2015. Henrik Borelius, CEO of Attendo, told Healthcare Europa that accessing more capital will allow Attendo to strengthen its position in the Nordics. The group aims to become the largest private care home group in Europe by 2025.
This week I thought I’d lay out the rationale behind our annual conference, now in its sixth year, which now covers private health care across Europe and all Emerging markets....
Portea Medical, India’s largest medicalised homecare group has just expanded to Malaysia and is actively looking at other South East Asian markets, linking up to hospitals, labs and potentially insurers. The group provides nursing, primary and rehabilitation care to patients in their homes. We talk to Portea CEO Meena Ganesh.
Who better to talk about elderly care in Mexico than Marco Álvarez, who has been running medicalised homecare and day care in Mexico City for a decade? Harvard-educated, he founded Grupo Dabvsa on 2005. He expects huge growth as Mexico ages “alarmingly fast” over the next half century. We talk to him about markets, consumers and expansion plans.
Long-term NHS contracts make much of the UK homecare sector unattractive. Duke Street is trying to sell Baywater Healthcare, its COPD and sleep apnea business, and Bupa has been running the slide rule over its Bupa Home Healthcare arm.
Healthcare Business International users cookies to improve the functionality, performance, and effectiveness of our communications. Detailed information on the use of cookies is provided in our Cookies Policy. By continuing to use this site, or by clicking "I agree" you consent to the use of cookies.
