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Hospitals

 

EMEA for-profit hospital sector shrinks 3-5% in 2020

Revenues in the EMEA for-profit hospital market fell by 3-5% in 2020 due to COVID-19 but could bounce back strongly in 2021, figures from HBI Intelligence show. NMC Health CEO Michael Davis tells HBI he anticipates a ‘return to normalcy’ to continue through the year. 
March 11, 2021

Triton “invests” in Bergman – Aleris merger to follow?

PE firm Triton has agreed to "invest" in Dutch, Nordic and German ambulatory clinic operator Bergman Clinics, possibly implying it is not buying control from NPM Capital and the Malensteins who are retaining stakes. Triton would not comment on the size of the stake nor on our speculation it plans to merge Bergman with Nordic operator Aleris.
March 11, 2021

Bupa ‘Global and UK’ CEO set to leave

Bupa is replacing its ‘Global and UK’ market unit CEO David Hyman in one of the first senior changes under new group CEO Iñaki Ereño. Full-year results show flat revenue and a 4% drop in underlying profits.
March 4, 2021

Affidea enters UK with double-deal

Pan-European imaging and outpatient operator Affidea has entered the UK market with the acquisition of Fortius Clinic, a group of musculoskeletal (MSK) and orthopaedics centres in central London, and an outpatient centre in Northern Ireland. 
March 4, 2021

Khemka’s big plans for Simplyhealth

Sneh Khemka has quit Aetna International where he was VP of Population Health & vHealth to become CEO of Simplyhealth, a £240m revenue, not-for-profit provider of cashplans for corporates and private individuals which in total covers 2.3m people in the UK. He tells us that his brief is to rethink how Simplyhealth can best provide access to health care services over the next 30-50 years.
March 4, 2021

Interview: Dr Juan Abarca Cidon, president, HM Hospitales

We talk to Dr Abarca Cidon, part of the controlling family and current president of Spain's third-largest for-profit hospital group HM Hospitales with nearly €500m in sales. He talks strategy, Covid, and rumours of selling a stake in the company.
March 4, 2021

Italy’s recovery plan has €18bn for healthcare, the UK’s none

Italy's COVID-19 recovery plan contains €18bn for homecare, integrated health facilities and telemedicine that can be run by the private sector in a whole-scale reform of the country's healthcare system. Meanwhile, a new budget in the UK failed to allot any new funds for its overstretched health and social service. 
March 4, 2021

GCC post-acute group sells for 10.5x as M&A climate cools

TVM Capital Healthcare has sold the GCC's largest post-acute/rehab provider Cambridge Medical and Rehabilitation Center (CMRC) to investor Amanat Holdings for 10.5x its 2020 EBITDA, a much lower multiple than it got for similar business Provita six years ago. We discuss the change in M&A climate with TVM CEO Dr Helmut Schuehsler and talk to Amanat's CFO about its plans with CMRC and its three other healthcare assets.
March 4, 2021

$20bn merger could transform Brazilian healthcare market

A $20bn merger between two giants of Brazilian healthcare, listed HMOs Hapvida Participacoes e Investimentos SA and Notre Dame Intermedica Participacoes SA (GNDI), will create one of the world’s biggest companies providing verticalized health-care solutions. HBI looks at the deal in detail, and talks to a Brazil-based operator to find out more.
March 4, 2021

IBM’s flight from healthcare shows AI must be local

IBM is on the retreat from its decade long AI in healthcare project: a multi-billion-dollar buy-and-build strategy to gather billions of data points fed into supercomputer Watson. Critics say the business has been unprofitable, overpromised and questioned how fit for purpose it is. HBI gets the inside track.
February 25, 2021
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