Top Hospice Trends to Watch in 2021
The year 2020 brought unprecedented disruption to the hospice space, mostly due to the COVID-19 pandemic. The outbreak strained providers ability to provide care, access patients in homes and facilities and to maintain a healthy bottom line in light of lost revenues and rising costs. Despite these challenges and economic headwinds, hospices adapted, improvised and […]
Exorcising the CMG Demons of Emergency Medicine
Private equity continues to acquire medical practices while affordable health care sits at the center of political discourse. The dichotomy between these ideologies is glaring. Along one axis are those who reason that private equity contract management groups (CMGs) are entirely acceptable in emergency medicine. The alternative business model is a physician-owned democratic group. Favoring […]
India to remain an extremely attractive market for global PE players in 2021
India is likely to be one of the fastest growing major economies over next decade. The year 2020 proved to be a year of profound disruptions with the onset of COVID-19 pandemic which triggered major economic and societal changes in the country. The economy faced major challenges amidst nationwide lockdown, labour disruptions, demand contraction and […]
David Montgomery buys JPI newspapers
Mirror Group veteran builds media group with titles including The Scotsman and Yorkshire Post. Newspaper veteran David Montgomery has agreed to buy The Scotsman, Yorkshire Post and other JPI Media titles for £10.2m, ending a drawn-out sales process of the UK’s third-largest local newspaper group. National World, Mr Montgomery’s takeover vehicle, on Thursday said the […]
Ford, Mahindra call off auto joint venture
(Reuters) -Ford Motor Co said on Thursday it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to […]
Verizon, Hearst Television reach deal to avoid blackout in some U.S. markets
(Reuters) – Verizon Communications Inc said on Friday it has reached a distribution agreement with Hearst Television to avoid a New Year’s Day blackout of the broadcasting group’s channels on Verizon’s fiber-optic networks in U.S. markets including Boston and Baltimore. “Verizon Fios has been able to reach an agreement with Hearst Television,” a company representative […]
Priory rehab clinics sold to private equity firm for £1.1bn
Waterland deal will create one of world’s largest private mental health services providers The Priory rehabilitation clinic, favoured by celebrities trying to achieve sobriety or tranquillity, has been sold to a private equity firm for £1.08bn to create one of the world’s largest private mental health services providers. The famous Roehampton clinic in south London, […]
Tech, cross-border activities set to drive Asia M&A next year
Coronavirus-spurred growth in the technology sector will help drive M&A activity in the Asia Pacific next year, bankers and lawyers predict, with the potential easing of Sino-U.S. tensions likely to revive Chinese outbound investment. Deals involving Asia Pacific firms totalled $1.2 trillion in 2020, up 12% from 2019. Seven of the year’s 10 largest transactions […]
Former Viacom shareholders can sue Shari Redstone over ViacomCBS merger
(Reuters) – A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a “patently unfair” merger that created ViacomCBS Inc so she could become a media magnate like her late father, Sumner Redstone. Vice Chancellor Joseph Slights of the Delaware Chancery Court said it was reasonable […]
Perella Weinberg reveals 2020 revenue decline
Deal advisory boutique is going public via a Spac merger during an M&A revival Revenues at the boutique investment bank Perella Weinberg Partners declined around 9 per cent in 2020, widening the gap behind larger and faster-growing rivals, according to regulatory filings for its forthcoming stock market listing. The glimpse at its financial performance came […]
