Errors and Omissions at Healthcare Business International

As a publisher of serious journals of record that also runs the most comprehensive databases on the healthcare services sector, it is important that we acknowledge and correct errors and omissions. If you spot any, in any product, please send an email to max@healthcarebusinessinternational.com or call Max on 00 44 207 183 3779.

This page lists all errors in date order.

Healthcare Europa – weekly edition published May 11 and May pdf.

We wrongly paraphrased a comment from Victor Chua in the FT so that it read as though HCA was a new entrant to the London market.

Healthcare Europa – weekly edition published November 25, 2016

This edition of Healthcare Europa contained an inaccurate figure for our estimate of Ribera Salud’s 2015 sales. The figure should have been around €348m.

Healthcare Europa – October 2016 PDF

A production error meant that the figure for Sonic Healthcare’s revenue in the initial version of our European labs feature was inaccurate. This has now been corrected.

Healthcare Europa – weekly edition published October 26, 2016

In an early version of the PAI buys SAR story we conflated propcos, opcos and 2015 EBITDA and suggested that PAI had paid a giddy 15x EBITDA multiple.

In fact, private equity house PAI Partners is buying a 100% stake in Spain’s largest care provider Sarquavitae for an enterprise value of €440m. This is roughly a 12.7 times the expected 2016 EBITDA multiple.

The deal for the opco is said to include property valued at €190m. A further tranche of property is to be sold seperately in a deal which takes the total paid for SAR to around €550m.

Healthcare Nova – April 2016 issue
We repeated a comment from a source who said that Orpea’s Chinese nursing home charges $400 a day. We then failed to check this with Orpea. Orpea assures us that the correct figure is much lower at $100-$200 a day.