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Hospitals

 

Two bidders left for Ramsay Sime Darby, as CVC buys Filipino hospital chain

South East Asia is continuing to see much more large-scale M&A activity than Europe. The sale of Malaysian and Indonesian hospital group Ramsay Sime Darby is reaching its final stages, with only two bidders reportedly left in the running. Meanwhile, Luxembourg-based PE firm CVC Capital Partners has bought a controlling stake in The Medical City (TMC), the Philippines' most expansive hospital group in terms of outpatient clinic footprint.

Lapland council votes to keep Mehilainen outsourcing contract – just

Councillors in Finland’s Lapland region decided by a majority of just one vote on Monday to keep an outsourcing contract with the country's largest for-profit health group, Mehilainen. This comes after a board of regional civil servants decided the contract should be ended, while almost 7,000 locals signed a petition in favour of keeping it. HBI speaks to Jussi Rantanen, a senior advisor to Mehilainen, to find out more.

Should new Slovakian government worry investors?

Robert Fico has formed a government in Slovakia. The former prime minister, who leads the centre-left populist party SMER, has formed a coalition with Hlas and the nationalist SNS Party. Given his track record, this could worry investors. Should it?

Record breaking backlog offers further opportunities for UK providers

Four months on from the results of the Elective Recovery Taskforce which promised to bust the UK’s record-breaking backlog with the help of the independent sector, the number of patients waiting 65 weeks or more for treatment has risen to nearly 110,000 people. With the situation even worse than predicted, where are the opportunities for private providers - and who is most likely to benefit?

Spire Healthcare acquires Vita Health

The UK’s largest for-profit hospital group by revenue, Spire Healthcare, this week acquired London-based mental health specialist Vita Health Group in a £74m cash deal. HBI hears there are significant opportunities in outpatient areas like mental health for for-profits to fill the gaps left by a struggling UK NHS.

iCON buys Alliance Medical

The longstanding bidding war for pan-European diagnostic firm Alliance Medical Group is over, with iCON Infrastructure confirmed as the new buyer. The £910m deal ends months of speculation. HBI asks a UK-based consultant what this means for the market.

Why KKR is set to buy Eugin – and Fresenius wants to sell

Global investment company KKR is set to buy Eugin, the Spain-based fertility subsidiary owned by Germany-based conglomerate Fresenius, for €500m. We ask why KKR might want it, and whether it makes sense for Fresenius to sell.

Record fines are putting care homes at risk

With UK for-profit group Cygnet Health Care being fined £1.5m last month following the death of an inpatient at Ealing Hospital in 2019 - the largest ever penalty imposed on a mental health provider - we speak to four European experts to consider how punitive fines from regulators are impacting providers’ bottom line.

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