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Hospitals

 

KPMG talks healthcare opportunities in the islands 

We talk to Dr. Ed Fitzgerald, who is being appointed head of healthcare for KPMG Island Group. The firm’s offices are present in a region covering 45 million people across Bermuda and the Caribbean, and a further 760,000 in Malta, the Isle of Man and the Channel Islands. Quarantining after his recent return to Bermuda, he told us of the island’s challenges in reducing its per capita healthcare costs (second only to the USA), why islands struggle to introduce universal health coverage and spotlights commercial opportunities. 

Diversification saves Life Healthcare

Life Healthcare's international division continued to make up for its sluggish core South African (SA) market in the last two quarters meaning it expects better results than SA-only competitor Netcare. German group Asklepios, the largest single-country hospital operator in Europe, saw a big loss in 2020 despite generous state support.

Ramsay Santé borrows €1.65bn dirt cheap

Ramsay Santé, the European arm of global hospital group Ramsay Health Care, has refinanced its €1.65bn syndicated debt and introduced an environmental, social and governance (ESG) component for the first time. The interest rate is eye-wateringly low for an S&P BB- rated issue, reflecting the backing that Ramsay Santé enjoys from the French government.

India’s Covid crisis to peak ‘for another two weeks’

Indian hospitals are struggling and failing to cope with the ruinous COVID-19 wave running rife through the country. As resources dwindle and the international community steps up efforts to assist, HBI talks to an exhausted Delhi-based for-profit hospital operator source who is on the frontlines. He says their modelling predicts another two weeks of intense pressure.

Interview: Raj Shah, Partner and Head of Healthcare, Nordic Capital

Few investors have been as active in healthcare services as Nordic Capital. Or as ambitious in building pan-European platforms in outpatient sectors such as dentistry, veterinary and ophthalmology. Raj Shah is also looking for new deals - Nordic has just raised a massive €6.1bn for its tenth fund of which 30-40% is destined for healthcare. 

Mediclinic bullish for 2022 despite drop in revenue

Group revenue fell 3% at South Africa-based EMEA hospital group Mediclinic International for the year ending March 31, 2021. But there were positive signs in H2 as the London-listed group came to terms with how to work during a pandemic, and the group is bullish about next year despite a particularly challenging start to the last.

San Donato bids for Catholic-owned hospital

Italy's largest hospital group San Donato is bidding to make its first move out of northern Italy through a binding offer for Rome's Fatebenefratelli hospital. Another Vatican-owned hospital is trying to shut down sale rumours at a time when many are struggling with the financial fallout from the pandemic.

NMC tells its $6.4bn creditors to take it over, or lose money

Creditors of in administration GCC-based NMC Health face a stark decision between now and May 28. Buy us, or face a 'distressed sale' - and possible liquidation. Accepting the deal will see creditors losing out on billions of dollars in the short term. But not accepting the deal could be worse.

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