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Hospitals

 

Health care values look high

Analyst forecasts suggest that healthcare sector valuations have been largely unaffected by the crisis, with EMEA hospitals and medtech stocks now being more expensive than before the Covid outbreak, both on an EBITDA and PE multiples basis.

Exclusive: Steward’s International CEO on its future in Malta

Now that Steward Health Care has been bought by its doctors, what future does it face in Malta where the deal it inherited to run almost half the country’s public hospitals had attracted scrutiny? HBI talks exclusively to Dr Armin Ernst, CEO and President of Steward Health Care International.

Aster shows Covid impact on India and GCC

Thanks to Covid, Aster DM, the GCC to India clinic, hospital and pharmacy chain, saw a 25% drop in revenue across both geographies in April. May and June have seen improvements with a return to normal expected in the autumn, providing there is no second wave. We look in detail at the impact of Covid in March to June and report full year results to March 2020.

From homecare to hotels

In Argentina a domiciliary homecare group has taken over three hotels to offer accommodation to Covid-symptomatic patients. What does this say about the wider links between hotels and care homes in Emerging Markets?

Asklepios set to win control of Rhoen

Asklepios has effectively taken over Rhoen Klinikum after B Braun with a 25% stake accepted the offer. The deal increases the consolidation in the private hospital sector.

Rhoen CEO in talks to leave

German hospital operator Rhoen Klinikum, currently the target of a takeover bid by competitor Asklepios, looks set to part ways with its current CEO Stephen Holzinger.

CVC bumps up offer price for HCG

PE firm CVC has increased its offer for Indian oncology chain HCG in anticipation of a rival bid from another of the cancer chain's large shareholders, Temasek. 

NMC on the verge of liquidation as investors await ‘fire sale’

The administrators appointed to oversee GCC-based and formerly London-listed NMC Health PLC say it is facing likely liquidation or dissolution, and ongoing investigations must be completed to ascertain the company's true liabilities. A sale of the business as a going concern is now all but off the table. Meanwhile, HBI hears potential buyers for the most prized parts of the business are waiting for a rock bottom price 'fire sale'.

Coronavirus compounding expat exodus in GCC countries

The population of GCC countries is set to fall by up to 10%, according to a report by global forecasting and quantitative analysis group Oxford Economics, as coronavirus encourages the largely foreign workforce to leave. HBI speaks to a source in the Gulf to find out how this might effect the insurance / healthcare market there.

DocDoc expands into China

Singapore-based 'doctor discovery platform' DocDoc has moved into China through a partnership with one of the world's largest insurance risk management companies, Kaitaiming (KTM), giving it access to 90% of the country's insurers. HBI speaks to CEO Cole Sirucek.

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