Hospitals

 

Germany’s hospital reform passes Bundestag

Health Minister Karl Lauterbach’s long-awaited reform to Germany’s hospital sector is to become law after being passed by the Bundestag (the country’s legislature). The reform is likely to lead to many of the country’s smaller unspecialised inpatient facilities being either shut or converted into outpatient facilities. 

Malaysia emerges as a preferred hub for healthcare PE investments

The Southeast Asian country Malaysia has recently witnessed a surge in private healthcare investments. This is particularly evident in the country’s top for-profit hospital provider IHH Healthcare’s latest acquisition of Island Hospital, a 600-bed private facility in Penang, Malaysia, for £970 million from the private equity (PE) firm Affinity Equity Partners. The Malaysian healthcare sector ripe for healthcare PE investments.

Czech government transfers responsibility for emergency care to insurance companies

The government of Czechia, commonly known as the Czech Republic, has approved a major amendment to the Act on Health Services, a law that regulates the provision of healthcare in the country. Several changes to the Act have been made, including a transfer of responsibility for funding and organising emergency care from the country’s regional authorities to healthcare insurers.

IHH Healthcare Malaysia may see corporate restructuring as shareholders seek greater control

IHH Healthcare, a leading Malaysian for-profit hospital group, may undergo corporate restructuring as key shareholders explore increasing their stakes, according to The Edge Malaysia. Mitsui & Co Ltd, shareholder and a global trading and investment company seeks to increase its holding from 33% to 49%. Malaysian institutional funds and Luxembourg-based private equity firm CVC Capital Partners together look to gain a hold on the remaining 51% stake. 

India’s hospital merger between Aster DM Healthcare and Blackstone-TPG backed Care Hospitals: here’s what we know

On August 9, HBI reported on a potential merger between Aster DM Healthcare, a Dubai-based multinational hospital group with operations in Bengaluru, and Hyderabad-based Care Hospitals, owned by PE firms Blackstone and TPG. If completed the merger may lead to the creation of a new entity — possibly named Aster DM Quality Care Pvt. Ltd. — jointly managed by Aster DM’s promoters and executives from Blackstone and Care Hospitals. Both organisations currently operate approximately 4,000 beds each, with any merged entity commanding a network of over 9,000 beds. Any deal would make the new entity India’s third-largest hospital network, behind only Apollo Hospitals and Manipal Health Enterprises.

Spire’s revenue surge hints at rising private sector opportunities delivering NHS services

On September 12, Spire Healthcare, one of the UK’s top for-profit private hospital groups, reported a rise in revenues and profits. The company stated that this surge was partly driven by increased NHS outsourcing and higher private insurance uptake among working-age individuals.  The hospital’s pre-tax profits rose approximately 12% to £23 million in the first half of the year, with revenues increasing about 13% to £763 million. Spire expects annual underlying profits to range between £255 million and £275 million, having already achieved £130.6 million in the first six months.

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