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Nursing Homes

 

€100m secondary market deal in German nursing homes

A portfolio of 12 nursing homes operated by Korian-owned Casa Reha has been sold by the asset manager, Corpus Sireo, to its competitor E&G Funds & Asset Management. The secondary market transaction between two German funds is worth over €100m, reports the German press. Another 20 assets left in Corpus Sireo’s Health Care I fund should be sold this year, says fund manager Marc-Phillip Martins Kuenzel.
February 29, 2016

FREE BLOG What does the Vitaldent scandal tell us?

An international dentistry group with EBITDA of €35m, which was about to start an auction process to sell to private equity, probably for an enterprise value of over €200m, has been engulfed in a scandal so bad that its very existence is in question (see our sepearate news story).
February 23, 2016

Finland’s largest ever healthcare property deal

Finland’s largest ever healthcare transaction has moved the property spotlight to the Nordics. Fund manager, Northern Horizon, sold 27 care homes with more than 1,000 beds for €155m to a fund managed by local investor eQ. Northern Horizon’s head of Finland, Jussi Rouhento, told us multiple institutional investors from central Europe made enquiries.
February 19, 2016

Report: Russian national survey – weak go to the wall

The oil crisis is smashing up public sector healthcare in Russia and many private operators are strangling on dollar-denominated debt. A third could disappear. Many cash-strapped consumers are turning to the grey market of gifts and bribes, rather than paying private operators. The next few years should bring a wave of consolidation as the strong in the private sector, which still enjoys huge tax breaks and strong demand, take control. We name the top 20 players and look at market forces.
February 1, 2016

The demise of not-for-profit providers in Italy

The Italian healthcare system is going under severe budgetary constraints. In light of the cuts, small not-for-profit operators, many of Catholic ownership, struggle to stay afloat and are selling off assets. Large for-profit players, like San Donato, Humanitas and Korian, are jumping on the opportunity.
January 21, 2016

Asklepios plans expansion

Asklepios, the big German hospital chain, is sitting on €560m from its Schuldschein issue and would hav eaccess to other lines of credit. We talk to its owner, billionaire Berndt Grosse Broermann, about the sectors and geographies where Asklepios, 2015 revenue estimated at €3.15bn, plans to grow.
January 20, 2016

Ambea grabs Solhagagruppen

Ambea, the big Swedish elderly/disabled care group is to buy Solhagagruppen in a deal which Ambea claims will make it the largest player in the disabled sector in Sweden. We talk to Ambea CEO Fredrik Gren about the deal, the Swedish market and Ambea’s strategy. Gren is speaking at our annual conference.
January 12, 2016

FREE BLOG Middle income countries and elderly care

Orpea’s acquisition of MEDI-System, the largest nursing home chain in Poland, shows the huge potential for private elderly care in middle income countries in Europe and around the world.
January 10, 2016

Orpea buys Polish platform

As we exclusively forecast here, MEDI-System, the largest Polish nursing home group has now been sold. Orpea, the Pan-European nursing home chain is to buy the group which had 2015 sales of €10m. Orpea president Dr. Jean Claude Marian explains why East European countries have enough demand to support premium elderly care offer, and so why Orpea has bought Medi-system.
January 10, 2016
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