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Interview: Stephane Pichon, Your Care Consult

HBI catches up with Stephane Pichon ahead of the Investing in Health Care Property panel at HBI 2023, to discuss the dramatic changes of the past year and how this has impacted health care real estate investment, and the long term outlook for the health care sector.

EDG “pulled from sale”

HBI hears the sale of Nordic-owned multinational dentist-led European Dental Group (EDG) is no longer going ahead. Multiple well-placed sources tell us more.

Babylon to be taken private by creditors

Shareholders in Babylon, which was worth $4.2bn at listing in October 2021, face being wiped out as it reverts to private ownership as creditor Albacore takes over. CEO and founder Ali Parsa, whose remuneration totalled $7.1m in 2022, is likely to stay on, says a legal expert who says the group could face legal action.

HC-One placed under embargo by concerned council

Leading nursing home operator in the UK HC-One has issued a formal apology to the families of three deceased former residents for shortcomings in one of its homes. In response, the Cambridgeshire City Council (CCC) has placed an embargo on the operator, halting all admissions until at least 2024. Click here to read more about […]

UK healthcare property market healthy, despite headwinds

According to global property consultant Knight Frank, the UK healthcare property market saw significant transaction volumes closing at circa £2.4bn in 2022 despite political instability, with overseas capital accounting for 31% of transaction volume due to a mix of European and American capital being deployed into various care assets.

UK CQC strike escalates – inspections could be delayed

Hundreds of staff at UK government watchdog the Care Quality Commission (CQC) have voted for further industrial action amid an ongoing dispute over pay. A one-day strike took place last week on Monday, April 17 and another is expected to happen next week on Tuesday, May 2.

IK Partners to take UK teleradiology provider Medica private

Listed UK-based teleradiology provider Medica is being taken private by PE firm IK Investment Partners, which has made an offer of £269m to buy all of the group’s shares. Medica has accepted the offer, which was 32.4% higher than the group’s average market cap over the past three months.

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