Italy

 

Policlinico di Monza strengthens its presence in Romania

Three years and a half after opening a 140-bed cardiology hospital in Bucharest for €40m, Italian operator Policlinico di Manza wants to expand in other cities in Romania through a network of clinics. It aims to become one of the top three players in the next five years.

Italian dental groups face legislative battle

The Italian dental association is lobbying for a new law that would place two thirds of voting rights in dental chains into the hands of dentists. The senate commission is currently debating a bill that would freeze M&A and stifle the market’s development. President of the Dental Pro group, Michel Cohen, claims it violates anti-trust and EU law and is unlikely to pass.

Scandal engulfs Vitaldent

Vitaldent, the big Spanish and Italian dentistry chain, has been engulfed in a tax scandal. This came a few weeks before an auction was about to start to sell the business, which boasted EBITDA of €35m. In 2015, PAI came close to paying €200m for the group. Observers say the brand has been trashed so badly that the group, which gets over half its sales from franchisees, may not survive.

The demise of not-for-profit providers in Italy

The Italian healthcare system is going under severe budgetary constraints. In light of the cuts, small not-for-profit operators, many of Catholic ownership, struggle to stay afloat and are selling off assets. Large for-profit players, like San Donato, Humanitas and Korian, are jumping on the opportunity.

Pantheon stalks the managed equipment services market

Entire countries are moving from buying medtech and consumables outright to service models using new intermediaries - so-called managed equipment and multi vendor service integrators. These can service, buy, run and finance all medtech products. Pantheon Healthcare Group, backed by a company owned by the Permira Funds, is moving into Saudi Arabia, where it sees huge potential and hopes to be closing many large contracts in the near term. Founder and Director Rob Piconi and Chief Scientific Officer Stephen Hodgson say that the public sector in Hungary, Saudi Arabia, the Netherlands, Canada, Sweden, the UK, Italy and New Zealand are among many developed and emerging market countries that have adopted or are looking to adopt the new healthcare service model.

It’s official: MPT and AXA buy Policlinico di Monza real estate

As reported here last month, American REIT Medical Properties Trust (MPT) and AXA Insurance Companies have bought eight hospitals off the Italian chain, Policlinico di Monza, for €180m. This is a 50/50 deal transacted through AXA IM – Real Assets.

Report: Reforming healthcare – trends and trajectories

European countries are undergoing rapid and substantial demographic and technological changes. Yet, healthcare systems are still mainly state-funded and acute-focused, as they have been for the past 70 years. This is starting to change.

MPT and AXA scoop Policlinico di Monza

We hear that the American healthcare REIT Medical Properties Trust (MPT) is buying the real estate of the Italian hospital group Policlinico di Monza. The deal is for eight hospitals with an estimated value of €175m. The Italian daily Il Sore 24 Ore reports that a major French investor is purchasing the property, which is likely to be AXA REIM who is involved in a partnership with MPT.

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