Post-acute Rehabilitation

 

GCC post-acute group sells for 10.5x as M&A climate cools

TVM Capital Healthcare has sold the GCC's largest post-acute/rehab provider Cambridge Medical and Rehabilitation Center (CMRC) to investor Amanat Holdings for 10.5x its 2020 EBITDA, a much lower multiple than it got for similar business Provita six years ago. We discuss the change in M&A climate with TVM CEO Dr Helmut Schuehsler and talk to Amanat's CFO about its plans with CMRC and its three other healthcare assets.
March 4, 2021

NMC CEO: Any sale will be a competitive, traditional process

Will the creditors of NMC Healthcare, the GCC's largest for-profit healthcare operator which has been in administration since April 2020, choose a sale of its core UAE business in the next 3-6 months or a longer-term, creditor-led restructuring? We talk exclusively to NMC CEO Michael Davis and UAE sources. A 'fire sale' of parts of its core UAE business now seems entirely off the table.
February 4, 2021

Waterland buys Priory, plans €2bn Median merger after propco sale

PE firm Waterland is buying UK mental health and adult specialist care operator The Priory Group from American Acadia Healthcare for €1.2bn and will merge it with existing portfolio company German rehab chain Median to create a c.€2bn revenue group, the sixth-largest for-profit acute operator in Europe by revenue. We talk to Waterland partner Dr Carsten Rahlfs and Median CEO Dr Andre Schmidt on the deal, plans with Priory and whether selling off the majority of its real estate to MPT is sensible.
January 7, 2021

HBI 2020: Investor interest in hospitals increases while outpatient valuations drop

Investors from varied backgrounds - infrastructure, private equity, and REIT, are all bullish about the prospects for healthcare investment in 2021, according to a panel of experts speaking at the HBI 2020 European Investment Panel discussion. But the pandemic may have 'readjusted the relative value discussion across sectors' according to one private equity investor.
December 21, 2020

Hospitals: The journey towards digital and outpatient transformation

The move to outpatient models, integrated care and value health will dominate the hospital agenda for the next decade. Dr Gerald Dunstan, Partner,  Head of Clinical Command Centres (Europe), GE Healthcare Partners Thierry Chiche, CEO, Elsan Thierry looks at how Elsan, with 2019 revenue of over €2bn, is building services around the patient. This involves a […]
December 15, 2020

Interview: Klaus Boehncke, Partner, L.E.K. Consulting 

What can you do with AI and big data today and what will be possible within three years? Why has adoption been slower than you might have expected? And what sort of role should health care providers look to play? HBI gets an expert view from digital, technology and business strategy expert Klaus Boehncke, partner at L.E.K. Consulting, who is chairing the Best Practice Workshop: Delivering Digital Excellence: A Framework for Success at HBI 2020 in two weeks.
December 3, 2020

DACH operators should feel positive about 2021

Despite one of the panellists at HBI's DACH-State of the Regions broadcast last week labelling 2020 "the wildest year in recent history in the healthcare sector", there are lots of reasons to feel positive about Europe's German-speaking countries as we look towards the new year.
November 26, 2020

Operators in Russia and ex-CIS hit hard by COVID

State financing has seen little growth in expenditure in Russia over the last couple of years, while former CIS countries are struggling to fund robust healthcare systems. Despite this, panellists at HBI's Russia and Former CIS - State of the Regions discussion last week found some reasons to be positive.
November 26, 2020

Interview: Sofia Palmquist, CEO, Aleris

Pan-Nordic healthcare group Aleris lost its previous owner Investor AB nearly 1bn SEK (€90m) in its last nine months of ownership before PE group Triton acquired it in late 2019. New CEO Sofia Palmquist, pinched from competitor Capio, has been tasked with the turnaround and digitalisation of the company and gives HBI her first public interview since taking the job. 
October 15, 2020
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