Home Health European healthcare M&A and fundraising roundup – August

European healthcare M&A and fundraising roundup – August

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KKR’s withdrawal of the $14 billion all-cash bid for Ramsay Health Care as well as dentistry consolidation in the UK made the headlines in August. This article summarises other large transactions and fundraising activity in healthcare across Europe over the past month.

Cofinimmo

Belgian real estate company Cofinimmo is acquiring a nursing and care home in Jülich, in the Land of North Rhine-Westphalia for approximately €18 million. The asset is currently in operation and managed by Schönes Leben Gruppe, a German operator.

Orpea

Europe’s largest for-profit care home operator Orpea has agreed with Syntrus Achmea Real Estate & Finance, acting on behalf of the Achmea Dutch Health Care Property Fund (ADHCPF), to sell a portfolio of 32 retirement homes in the Netherlands for approximately €125 million.

Aedifica

Aedifica continued expansion of its healthcare real estate portfolio by investing approximately €161 million in four Dublin care properties. Aedifica’s portfolio in Ireland will now increase to nearly €460 million upon completion of all development projects. Earlier in the month, the REIT invested €16 million in the development of two care properties in Finland.

Dignio

Healthtech provider Dignio has completed the acquisition of AceAge, a Canadian manufacturer of medication dispensers. Through the acquisition, Dignio said it will strengthen its position as an innovator within health technology and deliver new and better solutions to its customers. Financial details of the transaction were not disclosed.

MedLife

Romanian private healthcare services provider MedLife Group has acquired 60% of ophthalmological diagnosis and surgery clinic Opticristal in Brasov. The transaction contributed to the consolidation of the regional hub developed by MedLife in Brasov county, which reaches 16 medical units, including two large hospitals, the company said in a statement.

The value of the transaction was not disclosed. The deal was carried out through Policlinica de Diagnostic Rapid (PDR), the first company acquired by MedLife 12 years ago.

THC

Poland-based private equity firm Tar Heel Capital (THC) has acquired the Center for Implantology and Aesthetic Dentistry – Borowski Stomatologia dental center in Starachowice for an undisclosed sum. Borowski Stomatologia will join Dentity dental group built by Tar Heel Capital.

Doktor.se

Doktor.se has carried out a private placement of SEK 280 million (EUR 26.6m), including a directed new share issue to several Swedish and international investors, including new and existing shareholders.

Elsewhere, Mediclinic International, a private hospital group based in South Africa, has agreed to be acquired by a consortium comprised of Remgro and MSC Mediterranean Shipping in deal worth £3.7 billion.

Acıbadem Healthcare Group, present in Turkey, Macedonia, Bulgaria, Serbia and the Netherlands, acquired Private Orthopedia Hospital, a private orthopedic hospital. The terms of the transactions have not been disclosed. Erdem & Erdem law office advised on the deal.

Last but not least, New Zealand-based Summerset Group, an operator and developer of retirement villages, has purchased two new properties in New Zealand and one in Australia. The New Zealand acquisitions are in Masterton (Wairarapa) and Rotorua (Bay of Plenty), while the Australian purchase is in Mernda (Victoria). The combined investment in the three sites will be in excess of $600 million.

https://healthinvestor.co.uk/european-healthcare-ma-and-fundraising-roundup-august/

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