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Healthcare & Fitness

Yesterday

Navis Capital. run in Australia by Phil Latham.

Navis Capital’s Device Tech rules off $400m debt deal

Street Talk understands the $400 million was underwritten by Commonwealth Bank and Westpac last week.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

This Month

Cura Day Hospitals has seen its fair share of ownership changes in its 15-year-long life.

Ding ding! Round two under way for $500 million-plus Cura auction

The $11.4 billion private hospital operator looks at plenty of deals and isn’t likely to get into a sword fight with overzealous private equity.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
James Liang, CEO and founder of Myhealth Medical Group.

Myhealth founder closes in on Crescent’s home doctor business

It is understood James Liang is working with MA Financial Australia on his tilt for 24-7 Healthcare.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The DurAVR technology has been designed to last longer and restore blood flow for aortic stenosis patients.

Anteris Technologies raising $40m; Evolution Cap on ticket

The company was offering shares at $20 apiece, which was a tight 3 per cent discount to Anteris’s last close, for a minimum $40 million raise.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The cancer care industry is divided on what constitutes a breach of government funding conditions.

GenesisCare breaches divide local cancer services industry

The company has told investors that its failure to offer bulk billing after accepting government funding for cancer care equipment is an industry-wide issue.

  • Carrie LaFrenz and Jemima Whyte
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Propel is the second-biggest player in Australia’s highly fragmented death care industry.

Grave affair: Propel Funeral Partners bankers up, eyes on IFM

It is unclear whether IFM’s interest in the company has progressed or if the fund manager plans to table a formal offer.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Carlisle Health operates radiology services in Queensland and NSW.

Carlisle Health snaps up rival radiologist; monitors for sale symptoms

Sources who spoke to Street Talk reckon Carlisle Health will add a handful more practices before selling the group next year.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

That ‘ethical’ smoothie you love is made by a giant plastic polluter

Innocent markets itself as creating healthy products as sustainably as possible. Few consumers know it is owned by Coca-Cola.

  • Will Dunn
David Thodey will face demands from RHC shareholders to focus on Australian operations.

Why Ramsay investors want Thodey to split it up

David Thodey is a potential catalyst for change at Ramsay Health Care. Will he make it happen?

  • Updated
  • Anthony Macdonald
Dogpound founder Kirk Myers, centre, describes the brand as “chic but rough”.

Billionaires fight it out to join $56,750 a year gym – with no showers

Billed as New York’s most Instagrammed fitness centre, Dogpound counts A-list stars such as Justin Bieber, Taylor Swift and Cindy Crawford among its customers.

  • Susie Coen
CSL chief executive Paul McKenzie in Sydney on Monday.

CSL sees greying population as saviour in Ozempic battle

The biotech giant also outlined an inverse Uber-style surge fee to reward people donating blood outside peak hours.

  • Updated
  • Liam Walsh
CSL boss Paul McKenzie made the case for the group’s longer-term growth.

CSL boss has four key messages for investors

Paul McKenzie finds himself in a position his predecessors haven’t faced for years: defending the blue-chip’s growth prospects.

  • Updated
  • James Thomson
The sell-side pitch highlighted VetPartners “successful M&A track record” resulting in 228 clinics acquired since 2016.

EQT Partners chases $500m debt to bankroll VetPartners acquisition

Swedish private equity firm EQT Partners’ dealmakers are redirecting their energies to the debt financing for VetPartners.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The ACCC is asking why some head office fees and debt structures for big childcare players are so large.

ACCC eyes high costs of big-chain childcare

Citing the Commonwealth budget impact, the regulator is looking at why some subsidised players – like those with high debt – have big costs.

  • Liam Walsh and Euan Black

 Generic picture of cocaine cut in a line.

Eucalyptus’ Pilot makes pitch to randy coke fiends

It’s a brief pivot from the annoyances of “coke dick” to spruiking Pilot’s erectile dysfunction treatments.

  • Myriam Robin
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Philip Lee, who was Morgans executive director in its corporate advisory arm, appears at the hearing on Wednesday.

Morgans denies voting breach in failed dental-chain spat

The national stockbroking chain rejected allegations that investor shares in Smiles Inclusive were voted without authorisation.

  • Liam Walsh
Joanne Smith, Blackmores chief brand, innovation and communications officer.

Data-based approach identifies products for health supplements market

Artificial intelligence is offering up insights into the types of products Australians see as key to their self-care needs.

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by Blackmores

Cura Day Hospitals has seen its fair share of ownership changes in its 15-year-long life.

PEP, QIC run health check at Cura Day Hospitals; indicative bids land

At least four parties lobbed non-binding indicative bids by last week’s deadline.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
David Usasz of Smiles Inclusive walks the Melbourne Federal Court in Melbourne on Monday.

Bust dental-chain hearing probes growth outlook ‘discrepancy’

Smiles Inclusive listed with hopes of expanding rapidly as a dental chain. But it failed within two years.

  • Liam Walsh

September

Scott Kirkland with one of EM Vision’s portable imaging devices.

Portable brain imaging company wins healthcare award

EM Vision named the top innovator in the health category in the 2023 AFR BOSS Most Innovative Companies list.

  • Sally Patten