Europa Stream

 

Indian conglomerate Peerless Group invests $120 million to expand healthcare presence

Peerless Group, India's Kolkata-based diversified conglomerate, plans to invest about ₹1,000 crore (~$120 million) into its healthcare and mixed-use real estate projects over the next three years, according to a report by The Hindu Business Line on August 1. The group is working on the development of a 160-bed cancer care centre, the SK Roy Institute of Oncology Services (SRIOS), with an estimated investment of around ₹500 crore.
August 2, 2024

PureHealth announces latest revenue results

UAE-based healthcare group PureHealth has announced a 53% year-on-year increase in revenue to DH 12.5 billion (~$3.4 billion)  for the first half of 2024 compared to the first half of 2023.
August 2, 2024

HBI News Round Up, Friday 2nd August 2024

In this HBI News Round Up we cover the continued expansion of Caser Dental in Spain, the prospective sale of Hospital da Cruz Vermelha in Lisbon, European Commission approval of a Dutch proposal to support medical radioisotopes production for cancer diagnosis and treatment, US-based PE firms General Atlantic’s and KKR’s bid for Faridabad-based Asian Institute of Medical Sciences, pharma company Roche’s acquisition of Point of Care technology from LumiraDx, healthcare service provider’s MedNjoy Clinics’ expansion into London and Munich and PE firm, LDC’s investment in leading provider of diagnostic imaging equipment Medray Group.
August 2, 2024

Government offers junior doctors in England £17.60 per hour, up from £15, to end strike

On July 29, following a prolonged junior doctor strike in England, the government proposed a 22% pay rise over two years.  This offered deal includes a backdated 4% raise for 2023-24, in addition to an existing increase of around 8-10%. For 2024-25, a further 6% raise is proposed, plus an additional £1,000 payment, bringing the total increase over two years to an average of 22%.
August 1, 2024

Transform’s journey from cosmetic surgery to weight loss services company — an interview with CEO Dr. Sayani Sainudeen

UK cosmetic surgery company Transform Healthcare has gone through quite a journey in the past 15 years. In an interview with HBI, Dr. Sayani Sainudeen, Transform's new CEO, explained how the company is moving increasingly into holistic weight loss services, covering a broad range of treatments, from new injectable weight loss drugs, to surgery, to talking therapy.
July 30, 2024

HBI News Round Up, 26 July 2024

In this HBI News Round Up we cover the impact of a global IT outage on UK hospitals and GP practice, reports that bankrupt Dutch primary care chain Co-Med has been raided for suspected healthcare fraud, a capital increase for Moroccan hospital group Akdital Group, investment details for private science and innovation hub owner Deeplabs, and loan-based expansion for hybrid retirement communities operator Untold Living.
July 26, 2024

Australian private hospital sector in crisis: what is happening and how can it be fixed?

The Australian private hospital sector is in crisis, with approximately 80 hospitals closing in the past five years and another 12 discontinuing maternity or mental health services. Many doctors warn that private maternity services might completely close down within the next five years. The growth in private admissions has fallen significantly short of expectations, primarily due to rising healthcare service costs, increasing out-of-pocket expenses, and unaffordable health insurance.
July 26, 2024

CapMan Growth leads tender offer for Innofactor

An investment consortium led by leading Nordic private asset expert CapMan Growth has made a public tender offer for all of the shares of Innofactor, a listed Finnish software provider.
July 26, 2024
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