Europa Stream

 

Eurofins’ share price falls after allegations it is “optimised for malfeasance”

Multinational French labs group Eurofins saw its share price lose almost a quarter of its value on Monday after US investigative research and investment firm Muddy Waters released a report highlighting numerous “oddities and contradictions” which it believes suggest the group is “optimised for malfeasance”. The share price regained most of its lost value after Eurofins published a rebuttal which addressed some of the issues raised in the report. However questions still remain, most pertinently over allegations that the firm’s CEO and founder, Gilles Martin, has been using real estate to “siphon” off money from the company.

Essential actions amid rising healthcare cyberattacks: all you need to know

A recent NHS cyber attack resulted in the postponement of over 1,100 operations, including nearly 200 cancer treatments, and exposed 400 GB of sensitive NHS and patient data. Cyber attacks on healthcare are growing more frequent, intensifying strain on the sector. As healthcare undergoes greater digitisation and collects more patient data, preparing for and defending against cyber attacks is paramount for the sector's resilience. Since 2020, global healthcare data breach costs have surged by 53.3%. For the 13th consecutive year, healthcare recorded the highest average data breach costs at USD 10.93 million, according to IBM.

What would a Labour government mean for private providers in the UK?

As the UK’s political parties enter the final straight for next Thursday’s general election, the outcome is all but certain, with polling strongly indicating that the Labour Party is set to return to power for the first time since 2010 — at current projections with the largest parliamentary majority in British history.

IFM rumoured to be frontrunner in sale of Healius’ imaging division

Listed Australian primary care, pathology and diagnostics group Healius is selling its imaging branch, Lumus Imaging, as part of a restructuring plan to reduce the business complexity. According to local news sources, global institutional investment manager IFM Investors is now the frontrunner in the auction process.

Veterinary fundamentals as strong as human healthcare, with more consolidation opportunities and less regulatory risk

Speakers at HBI’s first ever panel on the veterinary sector made a compelling case for the sector’s investability to HBI 2024 attendees. Demand is resilient and growing, supported by a growing number of pets as well as greater expenditure from pet owners as the range of services expands. Demand growth is also supported by greater price flexibility than human healthcare typically has in most European countries. And almost all the continent’s markets remain unconsolidated. 

Top Indian university joins forces with Roche Diagnostics amid thriving diagnostic market

The Indian diagnostic market, predominantly driven by private players, is facing intense competition. Valued at approximately $9.59 billion in FY21, the market is projected to grow to $25 billion by FY28. In recent news, the Manipal Academy of Higher Education (MAHE), one of India's top private universities, signed a Memorandum of Understanding (MoU) with Roche Diagnostics India, a leading biotechnology company, to establish a Centre of Excellence (CoE).

Four Seasons puts 46 care homes up for sale, fetching £300 million

Four Seasons Health Care Group, once the UK's largest care home provider, has put 46 facilities across England, Scotland, and Jersey up for sale. CBRE, a global real estate advisor, is overseeing the auction, which is expected to take place in the coming months. The sale is projected to raise approximately £300 million.

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