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Hospitals

 

Europe’s drive to outpatient surgery: An analysis

The Nordics and UK lead Europe in the move to day-case and outpatient surgery but France is catching up fast, having quadrupled its own outpatient surgery proportion in the past decade, HBI analysis of OECD data shows. The analysis of 17 procedures across 22 countries confirms much of the past anecdotal evidence on the for-profit sector in each country.

Hancock’s perilous position a problem for the NHS

The future of the UK NHS is changing according to the recent White Paper and Queen's Speech - we're moving towards collaboration not competition and a Secretary of State for Health with wider powers. But current incumbent Matt Hancock's reputation is damaged and his political capital on the wane. HBI heard at a Kings Fund digital event that this could prove a problem for the NHS.

Billions set to be written off as creditors take charge of NMC

NMC's creditors are now in the driving seat, after a take-it-or-leave it ultimatum from joint administrators Alvarez and Marsal left them with little option other than to accept a financial restructuring plan which wipes out billions of dollars owed to them, in return for ownership of the business.

Market welcomes strong Q4 for Max, despite Covid-related revenue drop in FY21

The market welcomed a strong Q4 performance from India's second-largest for-profit hospital chain by revenue, Max Healthcare, last week. Record-breaking Q4 EBITDA appears to have offset any potential market concerns that could have arisen from reporting a drop in revenue, and a resurgence of COVID, especially around the capital.

Kuwait International Bank cuts its losses, sells NMC debt

Kuwait International Bank is selling off the debt it is owed by NMC Health, the UAE's largest hospital group which remains in administration following a fall from grace precipitated by short-seller Muddy Waters' report back in 2019.

Rede D’Or to build new hospitals with $340m follow-on

Brazil's largest hospital group Rede D'Or has raised $340m in new shares with a follow-on that includes Carlyle selling down its stake. It says it will use the proceeds of the primary offering to build and acquire new assets.

Complex legal case might derail June vote for NMC

Court documents reveal that the administrators of UAE's largest hospital group NMC Health are expecting a formal vote on the restructuring deal in June, as the process is held up by a complex legal case.

Ramsay makes £1bn Spire offer – but investors want more

Global hospital operator Ramsay Health Care has made a £1bn offer to acquire listed UK group Spire Healthcare, but some investors may reject the offer and share price movements show another bid may be expected. The 29.9% shareholder, Mediclinic, has agreed to sell to Ramsay despite making a similar takeover offer three years ago. It comes during a UK market pivot towards NHS activity to help clear massive backlogs after Covid.

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