More bang for the buck could lead to US investor influx
Issues with the plummeting pound – slightly aided by the departure of the UK’s shortest-lived prime minister – and the fall of the euro against the dollar, mean it’s a great (cheap) time for our north American cousins to holiday in Europe. But it’s also a great time to buy into healthcare services.
There are already, of course, some large US players active in Europe. On the operator front, some like Cleveland Clinic have made eye catching investments in high tech facilities, specifically targeting the top end of the market.
Investor-wise, the likes of American REITs like MPT have previously made it clear there is “no ceiling” on funds for European acquisitions – and that was before the current climate.
It’s no surprise that although Europeans want to splash the cash, banks are making it increasingly costly to do so and increasingly the M&A tap looks to be being turned off.
But one answer may lie over the pond.
Those who have already done deals and trade in dollars will be benefitting from the lower currencies, while the 20% depreciation of sterling and 18% euro fall against the US dollar in the last year may prove too much of a bargain to ignore.
We would welcome your thoughts on this story. Email your views to David Farbrother or call 0207 183 3779.
