HBI Spotlight

 

Mayo Clinic launches first hospital outside the US

US Academic Medical Centre Mayo Clinic has become a shareholder and operator of a large public hospital in Abu Dhabi, UAE, its first outside of the United States. It confirms HBI's exclusive report in February, which the group denied at the time.

€10bn battle of the labs as Unilabs and Synlab mull 2020 sales

Europe's largest lab groups could both sell in 2020, with Apax appointing Rothschild to explore a sale of Unilabs while Synlab's majority owner Cinven is also weighing up an exit. The sale values including debt could potentially reach €10bn combined.

Exclusive: We name strategic buyer in talks to acquire BMI Healthcare

Independent sources tell HBI that UK hospital chain BMI Healthcare could soon be sold to another hospital operator by its landlord-turned-majority shareholder, just a year after it took over the business. We reveal the likely buyer, give the reaction of advisors and investors, and adjust BMI's likelihood of an imminent sale on HBI Intelligence Deals Pipeline tool to 95%.

Mehiläinen makes offer for Pihlajalinna and reveals international expansion

As first speculated by HBI last year, Finnish health and social care provider Mehiläinen has offered to buy competitor Pihlajalinna. We talk to Mehiläinen CEO Janne-Olli Järvenpää and local sources about integrating the two companies, competition concerns, the possibility of a bidding war and international expansion, which Järvenpää gives HBI exclusive details on.

Four Seasons sale failure leaves long term future in doubt

The UK's largest nursing home group by revenue Four Seasons was set to sell 185 freehold properties to its creditor H/2 Capital Partners, but the sale fell through last week. If the US hedge fund doesn't take over, what does this mean for the future of the business, and where does it leave the operator? We speak to sources close to the deal.

Diaverum auction starts; first-round bids in

The sale of global dialysis provider Diaverum has officially launched with first-round bids submitted earlier this month, HBI hears, and second-round offers expected in the next few weeks. Who has actually bid is much less clear, however, and owner Bridgepoint is keeping the IPO option open.

Private equity conquers Southeast Asia as Metro Pacific Hospitals trade

Global private equity firm KKR and Singaporean sovereign wealth fund GIC have agreed to co-invest nearly $700m in Filipino hospital group Metro Pacific Hospital Holdings Inc (MPHHI) as well as a bond issued by majority-owner conglomerate MPIC, pulling the plug on any immediate IPO. The Philippines is the last major SE Asian market to see big PE money enter its healthcare sector.

France’s third largest lab group ‘for sale’

One of France's largest lab groups, Inovie, has appointed France-based international bank BNP Paribas to explore potential financing - but its complex shareholder structure and president's public objection to external investment leaves open questions about how any sale could work.

Althea and Medipass may sell as TPM equipment sector hots up

Althea, by far the largest player in the third party managed equipment market in EMEA has been put up for sale by Permira, as first reported here in 2018. Meanwhile, we hear listed Italian player KOS is pondering the sale of Medipass.

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