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Nursing Homes

 

Singapore’s largest nursing home group looks abroad

With just six homes and 1,000 beds Orange Valley, owned by KV Asia Capital, is Sinagpore’s largest private nursing home group. Here is an interesting interview with its CEO in the Business Times. http://www.businesstimes.com.sg/hub/enterprise-50-2015/nursing-home-provider-rides-the-silver-tsunami

Debt for equity swap looks inevitable at Four Seasons

Four Seasons is the latest big British nursing home group to hit problems. It should make its December debt payment, but will run out of money by June/July 2016, say our sources. Guy Hands, the high profile boss of owner private equity investor Terra Firma, faces critiicism.

UK care home market – sunny after 2020?

Wage hikes, old buildings and low tariffs spell disaster. But there could be a silver lining after 2020 – if anyone is left alive in the publicly paid for residential care sector.

German care home market to go tits up

Just when everyone is rushing into the German nursing home market, new factors are about to drive down EBITDA by more than 5 percentage points. We report.

Korian removes Yann Coleou

Korian, Europe’s largest nursing home group, has removed its CEO, Yann Coleou, and replaced him with Sophie Boissard, a former civil servant. We look at why.

Attendo IPOs and aims to create Europe’s largest elderly care group by 2025

As forecast here, Attendo, the largest Pan-Nordic chain is to IPO on Nasdaq Stockholm, creating a group with a market cap of at least €861m (SEK8bn) at the end of November 2015. Henrik Borelius, CEO of Attendo, told Healthcare Europa that accessing more capital will allow Attendo to strengthen its position in the Nordics. The group aims to become the largest private care home group in Europe by 2025.

Korian grabs Casa Reha

Korian continues its German expansion and buys the third largest German nursing home group Casa Reha for €300m. This acquisition is a success ‘on paper’ according to analysts, but the group must be careful to not overly rely on external growth.

Spanish elderly care group Sanyres for sale

Banks Kutxa and BBVA have stated that they will sell Spanish elderly care group Sanyres in 2016. Sales were a mere €57m in 2014, but frenzy in the market has built up after Geriatros sold to PAI Partners at 10-12 times EBITDA in July 2015. Analysts anticipate similar rates for Sanyres. The next groups in line are La Caixa-owned Amma and private equity-owned SARquavitae.

Retirement communities and health insurance to boom among China’s wealthy

No fewer than 70% of richest Chinese are interested in retirement communities, 80% have health insurance, but they still shun private hospitals, according to a new study commissioned by Taikang Life Insurance from Hurun Report which specialises in researching China’s new wealthy. Taikang itself plans to establish a chain of elderly care communities nation-wide.

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