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Laboratory Services

 

IDH soars to $900m after London IPO

Shares in the Egyptian lab group Integrated Diagnostic Holdings (IDH) have rocketed 35% to $6 per share in the two weeks since its IPO in London. The IPO at the very top of its indicative price range, valued IDH at 13.8 times 2014 EBITDA. It is now worth over $900m – a historic EBITDA multiple of 17.
May 22, 2015

Labco imports Silicon Valley eHealth

Lab group Labco plans to offer its 25m European patients preventative ehealth, including genome data, by importing BaseHealth, a US online patient platform. We speak to BaseHealth founder and chief scientific officer Houssein Fakhrai-Rad and Labco’s project lead Emeli Masferrer i Fons.
May 22, 2015

Report: Huge investor interest at Healthcare Europa 2015

Click here to see all the presentations from Healthcare Europa 2015 How is the private healthcare services sector in Europe and beyond changing? Healthcare Europa 2015 provided a snapshot of the sector. We report. The fifth Healthcare Europa conference saw delegate numbers double to 430 with streams for acute, dentistry, elderly care and diagnostics in […]
May 21, 2015

Labco’s failure to IPO may impact Synlab process

Labco pulled its IPO earlier this month, blaming market volatility. We are told there was a lack of appetite from institutional investors. The failure is likely to affect Synlab, which is going into a process 1B.
May 21, 2015

Hassab plans Pan-African lab chain

Seha Capital-backed Hassab Labs, the third largest Egyptian lab chain with 38 labs has signed a deal with Moroccan insurer Saham. So far it has set up two labs in Morocco and the plan is to add another three this year. Expect other countries to follow soon.
May 19, 2015

Fortis expands into Africa

Indian hospital and lab operator Fortis is expanding into Africa as an operator. We look at its plans.
May 19, 2015

FREE BLOG Cross-Border Investment Will Transform Global Health Systems

Globalization—whether you like it or not—has been the major force shaping markets for industrial goods for the past century. Until recently, services, including health services, were largely domestic businesses operating in national markets. Today, technology has given us the ability to tap knowledge workers regardless of geographic locations, creating a global market for services writes […]
May 14, 2015

Report: UAE survey: Statutory insurance sees market rocket

Healthcare consumption is rocketing in the United Arab Emirates thanks in part to the phased introduction of Mandatory Health Insurance (MHI) and underpinned by its rising population and income levels. Healthcare Business International journalist Lee Murray investigates.
May 5, 2015

Labco IPO values EBITDA at 9-10 times

Pan-European lab group Labco hopes to raise €320m gross of new money through an IPO which will also see existing shareholders sell between €120m and €238m of shares. The IPO means an enterprise value of €1.26bn to €1.4bn, valuing forecast 2015 EBITDA at just ten times. Bankers and exiting shareholders have their fingers and legs firmly crossed – Labco’s public offering closes on May 11, the EU deadline given to Greece. We look at the valuation and what Labco plans to do with the money.
April 30, 2015

Myanmar is sweet spot for labs

Eric Souetre, executive chairman of private equity pledge fund CareVentures, identified Myanmar as the next up-and-coming Asian country to invest in at the Healthcare Europa 2015 conference in London this week.
April 30, 2015
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