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Health care service write-offs drive losses at Bupa

Bupa, the global healthcare insurer and healthcare operator went from pre-tax profits of £502m in 2018 to a loss of £78m in 2019, thanks mainly to huge write-offs in its UK dentistry business and Australian care homes. But stripping out write-offs, underlying profitability still plunged 31%. Revenue rose just 4%. Why, and what does this tell us about Bupa and its future?

COVID-19: Threats and opportunities

Covid-19 is going to have a huge impact on for-profit healthcare services. In the first of a two-part report, we look at what that will be at a sector and country level. Digital health looks like being a winner, Ping An claims online consultations are up tenfold, with the spectre of a crash in elective procedures hanging over for-profit hospitals and specialist outpatient chains. We also look at the likely impact on M&A.  The second part of this report, focussing on the care sector, will be published next week.

Delays in Oman for insurance and hospital construction

Private providers in Oman are still awaiting the introduction of mandatory insurance a year after the country's Capital Market Authority said it would be introduced. Experts suggest a new timeline of Q2 2020 but could construction news also point to further problems in both the public and private healthcare sectors?

Debts stacking up for NHI schemes

Nearly three years after the CEO of Ghana's National Health Insurance Authority (NHIA) declared it "almost bankrupt", its President claims that his party has cleared the GHS1.2bn ($200m) debt. The country isn't alone in having stacked up debt: HBI looks at the arrears of NHI schemes across emerging markets.

Brazilian M&A shows “territory war” for the South

This year, Brazilian healthcare has been characterised by a flurry of activity from two vertically integrated insurers in particular. The most intense competition has occurred in the affluent South, where providers are battling it out for market share.

Five things we learnt at the Budapest Private Health Forum

This week HBI attended Portfolio's private healthcare forum in Budapest. We got an update on the country's ongoing insurance reform, the latest consolidation efforts and limp towards digitalisation. Here are our key takeaways: 

Notre Dame Intermedica acquires in South Brazil

Brazilian vertically integrated payor-provider Grupo Notre Dame Intermédica (GNDI) has acquired Clinipam, an operator in the South of Brazil, as it attempts to keep pace with rival Hapvida. The two are battling it out for market share on the most competitive part of the market.

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