European home healthcare companies have been very aggressive and ahead of the outsourcing curve in terms of Asian sourcing. This has been born, not only as a result of optimizing their bottom lines, but out of necessity as European government pressures on reimbursement (especially in Germany) have increased dramatically. Here is an example of the [...]
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Resmed – First Linde Then CNBC And Jim Cramer
You will recall two days ago the market noise that Resmed was about to be picked up by German Linde. We blogged about it here. Now CNBC’s Jim Cramer talked about them benefiting from the potential reversal or low impact of competitive bidding. (I don’t think competitive bidding will be substantially reversed just to be [...]
Would a Linde Acquisition Of Resmed Make Sense?
(Update below) Or perhaps, why has it taken so long. The homecare market has several business segments, ranging from care services to ambulatory home dialysis, lower value home patient aids, wheelchairs as well as higher margin and faster growing segments like respiratory and diabetic care. One of these segments is sleep therapy. Sleep apnea is [...]
Why Invest In Homecare? – Revisited – Blackstone Bids For Apria
Blackstone group has bid a 33% premium to take homecare services and distribution company Apria private. The Blackstone investment is $920 million which is big in the homecare industry although relatively modest in Blackstone terms. All this despite the homecare industry cries of Medicare foul over the what is clearly the biggest pressure on pricing [...]
Permobil Acquires Lifestand France
This acquisition comes as no surprise and fits not only with the Permobil value added product line but establishes a larger footprint in the French market – a market so far largely shunned by other large Nordic players like Etac and Handicare. This represents another investment for Nordic Capital, relatively new owner of Permobil. It [...]
Changes At The Top – DCC
Many people in the healthcare industry do not know the company DCC. What they should know however is that it is a very successful €5 billion business services and distribution company based in Ireland. While a small part of overall revenues, their healthcare business has revenues approaching €300 million making it very significant in the [...]
Off Topic – Florida Police Throw Quadriplegic Man From Wheelchair
Brian Sterner is thrown from his wheelchair by police in the state of Florida, United States. UPDATE: February 16, 2008: Hillsborough County Deputy Charlette Marshall-Jones, 44, turned herself in and was booked into the Orient Road Jail early Saturday, jail records show. Reuters and more at CNN.
Handicare – First Acquisition Of 2008 – Homecare Top 3 European Companies – Whats Next?
Per-Gunnar Borhaug, CEO Handicare AS and Hardy Brännström President Romedic AB announce the acquisition of Romedic by Handicare. Handicare AS acquires RoMedic AB in Sweden and strengthens its position internationally within lifting-, transfer- and positioning products for elderly and handicapped. Handicare’s revenues are estimated at over 225 million Euros ($320 million) putting it in our [...]
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