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Hospitals

 

Assura once again rejects PHP in favour of ‘final’ KKR/Stonepeak £1.7bn cash offer

Listed UK healthcare REIT Assura has made a decision between the two parties vying to acquire it: the REIT’s board has agreed to a ‘best and final’ increased cash offer from US PE firms KKR and Stonepeak, which it says it intends to unanimously recommend to shareholders. Primary Healthcare Properties (PHP), Assura's main competitor as the only other UK REIT with a significant primary care portfolio, has responded by sweetening its offer and urging the board to reconsider.
June 12, 2025

Bupa Hong Kong expands into mainland China with hospital partnerships

The Hong Kong division of multinational private health insurer and provider Bupa is expanding its direct settlement scheme into mainland China by partnering with four Chinese private hospital groups that operate in the Guangdong–Hong Kong–Macao Greater Bay Area. The move comes after Bupa Group withdrew from the country in 2023, and after the Chinese government decided to open up certain regions to foreign healthcare investment in 2024.
June 5, 2025

Spire slashing 400 hospital jobs to increase efficiency and flexibility

Spire, the UK’s largest for-profit hospital group, plans to hand out redundancy packages to about 400 of its ~14,000 employees (~2.5%) as part of an initiative to create operational efficiencies and have a higher proportion of bank (i.e. part-time) workers. The jobs being cut include clinical as well as admin staff, but the group says there will be no reduction in patient-facing clinical hours.
May 29, 2025

In-receivorship Healthscope receives 10 non-binding offers

Healthscope, Australia’s second largest private hospital group, has received 10 non-binding indicative takeover offers, according to its CEO. This comes after the group’s US private equity owner Brookfield handed over control of the business to creditors after failing to resolve its financial issues.
May 29, 2025

PHP attempts to outbid KKR for Assura

Primary Healthcare Properties (PHP), a listed UK REIT focused on the primary care sector, has upped its bid for Assura, its main competitor as the only other REIT with a significant portfolio of UK GP practices. US PE firms KKR and Stonepeak have meanwhile reiterated their joint offer for Assura, saying PHP’s would be more risky. Assura has delayed its planned shareholder vote on the KKR/Stonepeak offer to properly consider the new PHP offer.
May 22, 2025

Health crisis in Colombia sees hospital unit closures and medication shortages

Earlier this month reports showed Colombia’s already-struggling health system seeing units in hospitals in capital Bogotá being forced to close down to be able to continue other types of care services. In recent months patients have also been denied access to medications and health services, with the financial crisis facing the healthcare sector in the country still unfolding. 
May 22, 2025

Brookfield hands control of Healthscope to creditors whilst Ramsay hints interest

Private equity firm Brookfield Business Partners is handing control of its financially troubled Australian hospital asset Healthscope to creditors, in a move not far off a (de facto) bankruptcy process. Meanwhile Healthscope’s main competitor in the Aussie hospital market, Ramsay Health Care, has hinted it might be interested in acquiring the group.
May 15, 2025
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