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Euromedic achieves stable ownership

Euromedic, Europe’s largest imaging service provider, has seen Ares Life Sciences, ultimately owned by Swiss billionaire Ernesto Bertarelli, buy out its fellow Euromedic shareholder, Montagu Investments. The deal means that Euromedic will not have to go through a trade sale or an IPO.

Acibadem to buy Medicana?

Bloomberg reports that Acibadem, the big hospital chain owned by IHH, is close to buying rival Medicana according to four sources.

Interview: Emmett Moriarty, Consultant

The amount Russians spend privately on healthcare services has doubled in five years and EBITDA margins can reach 40-50% for operators, yet the market remains deeply fragmented with many fairly unsophisticated operators and no national chains. Emmett, a former VP at Medsi, the biggest Russian healthcare group, has a decade’s experience of investing in healthcare services in Russia and Eastern Europe and now works both for investors and for operators. The former sector leader for health at IFC, the commercial bank arm of the World Bank (and world’s largest investor in emerging markets healthcare), Emmett was previously head of KPMG’s Healthcare Performance Improvement division.

Report: Healthcare property – Massive investor demand, limited supply

Two years ago, our European healthcare property survey found the sector in the doldrums with new funds failing to get off the ground, what is the situation now?  Lorena Ruibal reports. Today, we see a spate of new European and US entrants striving to meet strong institutional demand for an asset class, which is increasingly […]

Report: Going international is tough for top US hospital chains

Royalty and celebrities from all over the world fly into the US to be treated by America’s not-for-profit hospital groups, which are among the biggest and most popular in the world. Most of these powerful international brands have all expanded abroad. Groups like Johns Hopkins, Mayo Clinic, Cleveland Clinic, MD Anderson and University of Pittsburgh Medical Center have affiliated sites dotted around the world.

Permira to build new imaging services provider

Private equity house Permira is backing a merger between Mesa Medical, a Pan-European supplier of third party maintenance and used imaging kit, and Asteral, which is the largest provider of managed equipment services around imaging equipment in the UK. The deal will alarm suppliers like Siemens, GE and Philips.

Interview: Ahmed Badreldin, Partner, The Abraaj Group

No other private equity house can match Abraaj’s experience of investing in healthcare services in the developing world. A lead investor in Turkish hospital group Acibadem, which was then sold to IHH, the international hospital chain, Abraaj has rolled out a lab buy and build in Egypt, Africa and the Middle East, has recently started a similar play building a Pan-North African chain of hospitals and has also invested in half a dozen hospital and outpatient clinics across sub-Saharan Africa. Ahmed will be speaking at Healthcare Europa 2015 on April 28 in London.

Euromedic appoints HSBC

Imaging services provider Euromedic has appointed HSBC to review the business. Bankers expect this to lead to a sale this autumn.

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