Healthcare Europa

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Philips buys stake in Med360

Imaging giant Philips has bought a stake in Med360, Germany's largest imaging service provider. Such vertical integration has long been talked about but is now becoming reality. 

Paracelsus fails to find buyer

Paracelsus, the German and Swiss hospital and reha business has so far failed to find a buyer. Potential buyers say the group which is in the German equivalent of Chapter 11 is overpriced.

What lies ahead for Ribera Salud after the end of Alzira? 

Spanish healthcare PPP group Ribera Salud is likely to lose all its public contracts in Valencia, as the left-winged regional government ends all outsourcing to private providers. Healthcare Europa asks the company and well-placed sources in the region what the future holds for a business set to lose a significant source of profit.

Korian’s FY 2017 revenue was flat in France but big in Belgium

European nursing home giant Korian saw revenue growth of 5% in 2017 of which half was organic. Growth was slow in France while the acquisition of 1,000 beds from Senior Assist Belgium helped its revenue grow 40% there - the same disparity was seen in organic growth.

Jack-of-all-trades French player plans €1bn in revenue by 2022

French healthcare platform Doctegestio has been buying heavily in health and social care over the last few years, reaching a revenue run-rate of €240m which makes it a top 20 player in the country. We talk to its healthcare COO Benjamin Vitre about the thread holding a seemingly disparate group of healthcare assets together, and where he hopes the company will be in five years time.
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Insight & Interviews

Interview: Nick Sanderson, CEO, Audley Group

In 2017 UK institutional investors finally discovered the assisted living sector, with Legal and General and Axa both buying operators.  Yet the sector remains tiny in the UK, thanks to older Brits fixation with remaining in their own homes as well as severe planning restrictions.  Nonetheless, there is high demand, property investors have fallen in love with the sector and governments the world over are rethinking their attitude to the sector. Audley Group is the largest player in the sector, Nick has been in the sector since 1986 and chairs the sector’s trade association, Associated Retirement Community Operators (ARCO).

Interview: Kieran Murphy, CEO, GE Healthcare

GE Healthcare employs several thousand software engineers today. So what will the medtech giant’s role in healthcare look like in five or ten years’ time? As an incumbent, does it see Apple, Google, and Amazon et al as a threat? And what sort of relationship does it want to forge with big private operators? We talk to Kieran who became CEO in June 2017, having run GE Healthcare Life Sciences for five years.

Interview: Dr Bruno Gridelli, Senior Vice President, UPMC International

How do you build an international business delivering high-quality specialist care working with governments, public payors, regions and for-profit operators? UPMC, the big US academic medical centre, has done just this in four very different countries: Italy, Ireland, Kazakhstan and China. We talk to Dr Gridelli about the business model and challenges.

Interview: Richard Banks, Virtus Health

Australia-based fertility network Virtus Health Limited runs a series of clinics in Ireland, is making inroads in Denmark, and has a presence in Singapore. Healthcare Europa talks to European MD Richard Banks about strategy, expansion, and the market.

Interview: Dr Rajgopal Thirumalai, Vice President, Global Medical & Occupational Health, Unilever

Unilever runs a global health and prevention programme in over 90 countries for its 169,000  employees. How? What does Dr Thirumalai (known as Dr Raj) think of the private healthcare services sector? And what changes does he expect in the future? And what does he expect from digital health and AI? Dr Raj is also a non-executive independent director of Apollo Hospitals Enterprise and a speaker at HBI 2018 on April 10-11 in London.

Interview: Vesa Komssi, Nordic Healthcare Group

Value-based healthcare is seen by many as the best way to gain lasting competitive advantage. Healthcare Europa speaks to Vesa Komssi, CEO of Finland-based management consultants Nordic Healthcare Group.

Interview: Giovanni Trimboli, CEO, Novolabs, Italy

Times are tough in Italian healthcare and nowhere is the pain felt more acutely than in the private sector. Singled out by the 2012 National Spending Review, private operators of all types have seen five years of falling budgets. In the lab sector, they face a shrinking overall market and the difficulty of convincing public hospitals to outsource, says Trimboli, who runs a not-for-profit group in Lombardy.
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Real solutions for retention and recruitment

Recruitment, retention and training are now the primary challenges for the healthcare services industry. The obvious solution to keeping staff - paying more – is no longer working. Private operators around the world are now fishing in a global market that's short of 15m healthcare workers. So what practical solutions are operators putting into force and what really works? We talk to 25 operators from across the world.

MBAs and executive training courses – are they worth the time and money?

You can’t become an expert in healthcare services overnight - but there are courses, MBAs or much shorter executive training courses - which say they can help to transform you or your staff into the next generation of healthcare managers, leaders and entrepreneurs. But can they really do this - and are they good value for money? Where should you send yourself, or your staff, to fill any gaps in knowledge that might be putting the brakes on a career? And does it matter if the management course isn’t focussed on healthcare at all?

Reading the future of the European labs sector

The European diagnostic lab sector in 2016 presents opportunities, but also substantial threats. Apart from seizing market share from competitors, there are four ways that labs can grow sales – consolidation/rationalisation, diversification into new test groups, outsourcing and finally moving into other areas - be that imaging or outpatient specialty care.

The rise and rise of digital primary care

A battle is being fought over England’s 340 million annual GP consultations. As waiting lists rise in the NHS, patients are flowing to a host of digital upstarts. Competition is fierce, prices are low and no one seems to like each other very much! We uncover the story of their race to get ahead.

The changing face of cosmetic surgery in Europe

Cosmetic surgery is en vogue in Europe. France and Germany alone saw over 1m procedures conducted for the first time in 2015. But a growth in popularity doesn't necessarily mean the arrival of a consolidation trend. While private equity groups like Aurelius and Polaris have invested in national chains, the market remains extremely fragmented. In this feature, we take a look at the emergence of new players, find out which treatments are growing and ask several executives in the sector about their plans.

Greek private hospitals: between Scylla and Charybdis

During the peak of the tensions on Greece’s potential exit of the euro in the summer of 2015, private operators told Healthcare Europa of their difficulties to stay afloat in light of a 40% claw-back. Meanwhile, there were reports people could not afford to pay upfront costs and that hospitals were running dangerously low on the supply of basic medical equipment. So has anything changed?

eHealth – changing the role of the insurer – and nudging the insured to get healthy

The health insurance industry faces revolutionary change. eHealth is moving healthcare down the acuity curve, personalising treatment and bringing a new generation of wellness treatments online through mHealth apps. This, in turn, creates data, data that insurers are eager to get their hands on. They increasingly are, by creating their own bespoke apps or partnering with aggregators or popular wellness apps. But, adapting their business models to the data-driven economy, is moving insurers from a passive to an active role in people’s health, and raising tensions with consumer interests.

eHealth: towards paperless healthcare systems

“eHealth is like teenage sex: everyone talks about it, nobody knows how to do it, everyone thinks everyone else is doing it, so everyone claims they are doing it,” was how one attendee at eHealth in Amsterdam used Dan Ariely’s famous take on big data, summing up where the sector is today. There is more than a grain of truth in the jibe. But there is real progress. By 2018, 18 EU member countries are set to go live with the exchange of patient records and e-prescriptions. Estonia, the only country in the world to have a nation-wide Electronic Health Record (EHR) system built its eHealth system for only €10m –the equivalent of €7.50 per head. And Mhealth, remote monitoring and artificial intelligence all promise to transform the sector over the next decade. We investigate progress to date.

NHS evolution presents a new challenge for private sector

The NHS in England is experiencing an unprecedented crisis as funding deficits and waiting times rise. Pressures on the social care industry, where tariffs and costs are tracking divergent paths, are adding to the strain. The solution in the form of a compromise between the Treasury and NHS England guarantees £8bn of extra funding by 2020 in return for efficiency gains of 2-3% a year, leading to new care models that should join services together, improve care and save costs across the system. But what is the role of the private sector in this changing landscape?
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