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Hospitals

 

Goodgrower buys back 20% Vithas stake, with HM merger “impossible”

Spain's second-largest for-profit hospital chain Vithas will be 100% owned by the founding Gallardo family after their family office Goodgrower agreed to buy the 20% stake held by Criteria Caixa, a bank investment arm. What does it mean for Vithas' M&A plans and the rumoured merger with rival HM Hospitales? We talk to a Spanish advisor.

UHCG faces tough call in Brazil

Amy Shaw, the incoming CEO of UnitedHealthcare Global (UHCG), the world's largest owner of for-profit hospitals in emerging markets, faces tough choices. UHCG, the international arm of US insurer UnitedHealth, has a colossal headache in Brazil, by far its largest market. For instance, reports suggest UHCG may have to pay R$1bn to shift its personal policy portfolio in a deal which has already been sweetened by the addition of several hospitals. There is speculation that, like Cigna in the 1990s, which wrote off some US$500m on medical plan Golden Cross, that UnitedHealth may decide to exit Brazil completely. A full pull-out looks unlikely, but the full year 2020 results to be announced on Wednesday, January 20 may well see big write-offs. 

Ramsay Sime Darby targeting $300m spin-off IPO

HBI understands that Malaysian/Indonesian hospital group Ramsay Sime Darby has appointed banks for a $300m IPO. One side of the JV says that expansion in healthcare is a key strategic focus, the other appears notably quiet about its investment in Asia. FY2020 saw profits drop for "the first time in many years" as COVID struck.

Vaccine tours to claw back medical tourism losses

A handful of medical tourism hubs are starting to organise 'vaccine tours' in a bid to replace lost revenue, HBI hears. The idea is to fly the wealthy to somewhere they can get a COVID-19 jab.

How the world’s largest consumer PE house views healthcare

At HBI 2020 we interviewed Chinta Bhagat, a managing partner at private equity house L Catterton, the world’s biggest private equity investor in consumer products and retail, about the destruction of the general hospital and the new digital models that will replace it. “If you don’t have digital embedded in everything you do in such a way as to give the customer a choice of how to interact with you, your business will eventually be destroyed,” he says. Bhagat should know, he led McKinsey’s healthcare practice in Asia for many years and at Khazanah Nasional was intimately involved in the creation of Pan-Asian hospital chain IHH. He is now scouting the world for digital healthcare investment opportunities.

Digital coaching start-up Liva Healthcare raises €24.5m

Digital coaching group Liva Healthcare has raised €24.5m, led by Verlinvest, as it targets expansion into Germany and Benelux states. CEO Andre Sode tells HBI that providers using the tool can better monitor up to five times more patients annually.

Europe’s orthopaedic implant industry being transformed by innovation, regulation, and price pressure

As healthcare becomes ever more personalised it’s impacting specialised markets, such as orthopaedics. This piece, authored by Alina Trabattoni, Dr Kristoffer Kenta, and Dr Leonid Shapiro of  health and social care consultancy Candesic, reviews how things are evolving in this pan-EU market after speaking to implant manufacturers, surgeons and patients, and reviewing clinical and patient recorded outcomes.

Fresenius Helios buys Eugin, Elsan buys C2S

German and Spanish for-profit hospital operator Fresenius Helios has acquired global IVF operator Eugin from in-administration NMC Health, while French number two hospital group Elsan has bought smaller competitor C2S. What does the deal pricing for both say about relative valuations in the two sectors and any COVID impact? 

HBI 2020: Lessons on reaching the patient

An insurer, an integrated healthcare provider and a telehealth player are three providers with very different experiences of being able to reach the patient. HBI looks at four tangible lessons from Aetna, Medicover and Kry from HBI 2020.

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