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Nursing Homes

 

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?
March 11, 2020

Nordic listed care companies: A comparison

The for-profit Nordic care sector has faced intensified scrutiny after scandals erupted at Finnish Esperi and Attendo last year. A look at the share prices of listed companies Ambea, Attendo and Humana gives some indication of the effect of this, where newly elected governments in the last few years have created environments more or less favourable to the private sector.
February 27, 2020

HC-One CEO stands down

The CEO of UK care home group HC-One has stepped down after three years in the job, and is returning to the United States. We speak to an operator source about the departure.
February 13, 2020

Filling an empty shift at short notice: disrupting agencies

Temporary agencies are expensive. Hiring a doctor through one in the UK can cost the NHS around €170 per shift and in Germany, the bill for a nurse comes in at anywhere between €70-€140. A handful of start-ups across Europe are deploying solutions to disrupt agencies and breakdown workforce silos. HBI looks at three - in the UK, France and Germany - to assess how the market is changing.
February 13, 2020

Korian targets top slot after large Dutch acquisition

Pan-European nursing home group Korian has made its largest Dutch acquisition to date, putting it in touching distance of rival Orpea for the number one market position in the Netherlands. We speak to a local consultant who gives us background on the assets.
February 12, 2020

UK lender targets care sector with new fund

A UK lender with a focus on small-to-medium enterprises (SMEs) says it is turning its attention to lending opportunities across the healthcare sector with the appointment of a new director, and the creation of a new fund.
February 6, 2020

Esperi Care acquired by creditors

Troubled Finnish nursing home operator Esperi Care has been acquired by its creditors. Growth at the group is now on hold, and its new owners say they will be looking for a new buyer. We speak to the chairman of the board of Esperi's new holding company.
February 6, 2020

FREE BLOG Why German nursing home operators won’t be rattled by a single regulation

The first month of 2020 has already seen a couple of deals go through in Germany's most competitive healthcare market. Even a new regulation which came into force in September last year which stipulated that at least 80% of rooms in all facilities must be singles appears not to be dampening market enthusiasm for already established homes. Why is it so buoyant?
January 30, 2020
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