Real estate investment trusts (REITs) are switching their portfolios from office to healthcare commercial properties. Lease terms of 25-30 years and yields of roughly 6% are an attractive offering in a growing market. Underlying growth drivers in healthcare ensure long-term demand for Opco, mitigating risk for the Propco. TIAA Henderson and Cofinimmo have both made […]
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Interview with Healthcare Europa
Public and private operators in France have big questions over a controversial new healthcare reform bill. Healthcare Europa journalist Ariane Jugieux speaks to Stéphane Pichon, managing partner at Your Care Consult, about the repercussions the bill may have on the future of healthcare in France. Three of the biggest physicians trade unions, later joined by […]
Vitalia for sale (again)
Blackstone, the private equity owner of Vitalia, has yet again put the French private hospital group up for sale. What are its prospects for the group, which Healthcare Europa estimates should have sales of €700m in 2014? We hear that Morgan Stanley and Rothschild have been instructed to sell Vitalia, a chain of some 48 hospitals […]
Ramsay closes Generale de Sante deal as French property deals also close
Ramsay Health Care, Australia’s largest private hospital operator, said on June 11 that it had signed a contract to purchase a 57% stake in Generale de Sante in a deal valuing France’s largest hospital group at €945m. Meanwhile, Icade has bought properties from two big hospital groups. The purchase will make Ramsay France’s largest private […]
Will France liberalise pathology, pharmacies and dentistry?
The French liberal professions have reacted with fury to a set of proposed reforms which would allow private capital to invest in diagnostic labs and pharmacies. Other proposals would end restricted intake, which restricts access to training for dentists and might give a wider role to non-dentists such as hygienists and technicians. The report on les […]
The Big Push
The French hospital sector is set to consolidate on a massive scale. There are lessons for other countries here, too. Ramsay looks set to buy Generale de Sante. Meanwhile, Generale de Sante’s main rival Medi-Partenaires, is to be merged with a regional player in a reverse takeover. And we also hear that 3i has decided […]
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