Shares in Life dropped almost 10% on the news of its acquisition of Alliance Medical, we interview the two men behind the deal and talk to analysts. What are the prospects for the combined group?
As forecast here, Life Healthcare has purchased Alliance Medical, the big Anglo-Italian imaging services platform with a limited presence in a further six countries. The enterprise value of between £760m and £800m values the company at around 13 times EBITDA of £60m in the year to March 2016. We analyse the deal, which is a bet on West European governments increasing the outsourcing of medical services.
With three advanced cancer treatment centres being built in the UK, and the newly acquired Gulf International Cancer Centre in Abu Dhabi set to become the first proton beam therapy centre in the UAE, Proton Partners International is making big plans for the future. We speak to CEO Mike Moran, MBE, about how a business formed in February last year is making plans to go global.
Publicly listed outpatient network Singapore Medical Group (SMG) is buying six-clinic gynaecologist Astra Women's Specialists for S$60m. The announcement has prompted the second spike in its share price this year, following its purchase of imaging specialist Lifescan in August.
The Egyptian investor Rx Health Management is close to committing most of its US$50m Egyptian fund and is close to making acquisitions in Africa. We speak to CEO and chairman Professor Hatem Elgabaly to find out more.
Times are still hard for Russian imaging groups despite the rouble stabilising after two years of dramatic decline, says Arkadi Stolpner, the chairman of the country's largest player. Margins should be around 15% this year, he claims, but his business, the Diagnostic Treatment Centre (DTC), will still expand through 12 nuclear medicine centres over the next three to four years.
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