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Hospitals

 

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.
June 24, 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?
June 23, 2020

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.
June 18, 2020

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.
June 12, 2020

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. 
June 11, 2020

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'.
June 11, 2020

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.
June 11, 2020

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.
June 11, 2020

Helios Germany buys non-profit hospital as sector’s low margins squeezed

German and Spanish hospital operator Fresenius Helios has added €66m of sales in Germany with the acquisition of a hospital in Bonn from a non-profit organisation, its first domestic hospital deal in several years. We compare the finances of the for-profit and non-profit sectors with data exclusively provided to HBI by KPMG Germany.
June 9, 2020

Cerberus exits Steward as sector gets skewered

The largest private equity-owned hospital group in the world has been sold to its doctors. Cerberus Capital Management has sold a majority stake in US for-profit hospital chain Steward Health Care back to managing doctors, including CEO Ralph de la Torre, ending a 10-year tenure.
June 4, 2020
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