HBI hears UK hospital and outpatient operators are taking a long hard look at their public/for-profit payor split as they continue to count the financial effect of COVID and look to the future.
Hungary's private pay-focused operators should maintain double-digit growth in 2020 despite COVID-19 while those reliant on public outsourcing face an uncertain future, the chairman of the fourth-largest private acute care provider tells HBI. Affidea just lost a large outsourcing contract while a billionaire and venture capital funds have recently entered the market.
Second-quarter results for Europe's largest hospital operator Fresenius Helios's parent company confirm anecdotal evidence that Germany's hospitals are taking longer to return to 2019 levels of activity than other countries'. A closer look at the numbers also shows revenue crashing at its recently-acquired Colombian hospitals as the country is battered by COVID-19.
Thailand's government has re-opened the country for medical tourists by launching a new special visa that at least 1,700 people have already applied for. The news will be welcome for major medical tourism operators like Bumrungrad whose shares are down 33% on a like-for-like basis.
Spain's private hospital groups have resumed their pre-COVID M&A binge in July, with three of the five largest striking deals to acquire smaller competitors. It comes as private hospital activity levels across Europe recover more quickly than previously forecast - although that hasn't prevented casualties amongst some individual sites.
France's second-largest private hospital operator Elsan has confirmed recent reports that global private equity firm KKR is acquiring a stake in the group, and is being joined by French investor Ardian.
Ramsay Sante, the European arm of Australian Ramsay Health Care, is divesting some of the German hospitals it inherited when it acquired Capio in 2018.
Portugal's largest hospital operator Jose de Mello Saude, now CUF, has revised earlier full-year revenue forecasts upwards as it sees a stronger post-COVID recovery than expected, CFO Guilherme Magalhães tells HBI. He discusses the pandemic's impact on AVLOS, digital penetration and the market's medium-term outlook, as well as it's recent name change and the future of PPPs in Portugal.
Could the end of the Fortis Healthcare sale saga finally be in sight? Fortis has asked the Indian Supreme Court to allow IHH to finally start its open offer, nearly two years after the acceptance period was due to start.
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