Candesic

Last week saw some big news in the care homes sector across the UK and Europe. Private equity-owned Care UK was sold by owners Bridgepoint to US REIT Welltower™ Inc. (NYSE:WELL), and Singapore-listed Parkway Life Real Estate Investment Trust (REIT) acquired 11 nursing homes from Domusvi in a sale and leaseback arrangement. In Friday’s edition of Healthcare Business International, Candesic Senior Partner Dr Michelle Tempest spoke about how the care home sector in the UK was providing key opportunities for international investors and that digital solutions were amongst the elements driving change in the industry, especially for the next generation. Candesic Associate Dr Marco MAZEVET also spoke to HBI on the Parkway Life and DomusVi deal and the European market. In particular, on the estimated shortfall of EHPAD places and how the sector must search for non-traditional solutions. He also emphasised that Europe is open for business and that it is an exciting time for deals. To read both articles see the below or check out Healthcare Business International - https://lnkd.in/dG82Y4_4

On Tuesday, Candesic Principal Floris Wentholt and Engagement Manager Fabio Ruffinoni attended a round-table event at the IQVIA UK and Ireland offices in Paddington on "Securing the UK’s potential as a global hub for Life Sciences to realise Britain’s health, wealth, and resilience". Lord Patrick Vallance, Minister of State for Science, was the keynote speaker. Amongst the panel of speakers was Lord James O'Shaughnessy, who discussed the importance of clinical trials and how participation, and specifically a lack of or delay in recruitment, impacts revenues for the NHS but also results in hundreds of thousands of patients not being able to access drugs they require! Over 2 million people participated in clinical trials across the UK during the COVID-19 pandemic, making it one of the largest mobilizations of clinical trial volunteers in UK history, but numbers dropped off in the following years. In 2023/24, the NIHR (National Institute for Health and Care Research) Clinical Research Network celebrated recruiting over 1 million participants, rising by over 32,328, bringing the total over the past five years to 5.4 million in England. Though the numbers being recruited are overall now maintaining high levels according to the UK Clinical Research Delivery Key Performance Indicators Report published in response to the O'Shaughnessy Review, they are not being recruited quickly enough. Experts believe that the UK has the potential to become a Global life sciences hub, and actions based on the recommendations made by Lord O'Shaughnessy in his commissioned report for the government in 2023 have begun to see the industry make moves toward this. We'd love to know what do you think the UK clinical trials industry needs to do to become a global hub or centre of excellence?

On Tuesday Candesic Managing Partner Dr Leonid Shapiro chaired an exciting and informative panel alongside Dr. Meshari F. Alwashmi, CEO of amplifAI health, Dr Fahad Attar, CEO of We Healthify, and Eng Basim Albeladi, MBA, CEO of لبيه | Labayh Healthcare Company, on how to successfully launch and attract investment into healthcare startups in KSA to a packed audience at the Global Health Exhibition - ملتقى الصحة العالمي in Riyadh. There was reason for much excitement as, according to the Vision for 2030 shared at the exhibition, Saudi Arabia is set to become a global health hub, and it proved that by announcing over SAR 50 billion ($13.3bn) in health investments in one day! Startups and innovation will be an integral part of achieving this ambitious vision. Later that day, Leonid also spoke on another panel about the growing opportunities in medtech and pharma in Saudi Arabia. The panel couldn’t have been better timed as included in the investments announced was a pharma partnership between National Unified Procurement Company "NUPCO", Novo Nordisk and Sanofi worth SAR 4 billion.  Though it isn’t all about the price tag but the ability to build and implement successful healthcare systems that provide good outcomes for patients and stakeholders, KSA is on its way. If strong investment in the sector continues, healthcare tourists could be there by 2030, too. #healthconference #globalhealthconference #healthinvestment #pharmainvestment #conferencespeaker #kingdomofsaudiarabiahealth #ksahealth #healthtourism #healthhubs

This Friday, Stockholm will play host to the Nordic Private Equity industry at the specialist conference Private Equity Insights—Nordics. Attendees, including Candesic Senior Engagement Manager Dr Kristoffer Kenttä, will explore the trends and opportunities of 2024 and beyond, examine the best sectors, and ask how to drive value! Will you be there, too? Drop Kristoffer a message; he would love to hear from you. To find out more about what Candesic does, check out our website or send us a message on LinkedIn. #peinsights #privateequity #privateequityconference #privateequityhealthcare

Parkway Life Real Estate Investment Trust (PLife REIT), one of Asia’s largest listed healthcare REITs, has made its maiden acquisition in Europe from Domusvi, one of Europe’s largest nursing and retirement home providers, with the acquisition of 11 nursing homes in a sale and leaseback arrangement. Candesic acted as strategic advisor in the market analysis for Parkway Life. The Candesic team, was led by Senior Partner Marc Kitten and managed by Associate Dr Marco MAZEVET.   PLife REIT is looking to build Europe and the UK as its third key market, and the deal with Domus Vi is a great first step in “forging a long-term strategic partnership with a leading pan-European operator”. Congratulations to all those involved! To learn more about the work that Candesic does drop us a message on LinkedIn or please email talk@candesic.com. #healthcareREIT #careinvestment #strategyadvisors #marketanalysis

It's great to be at the Global Health Exhibition - ملتقى الصحة العالمي in Riyadh. With the country's healthcare system's recent move into a payor/provider structure, all the public hospitals and clinics in the country are now run by Health Co. They are doing so much so quickly! Great to be a part of it! Dr Leonid Shapiro

Healthcare, medtech and pharmaceuticals in Saudi Arabia continue to see large-scale investment, driving innovation and development. Lending his expertise in healthcare investment to the panels, Candesic Managing Partner Dr Leonid Shapiro Shapiro will taking the stage for two sessions at the Global Health Exhibition - ملتقى الصحة العالمي in Riyadh next week. Leonid will moderate the How to Successfully Launch and Attract Investment into Healthcare Start-ups in KSA session and will be a panellist exploring Investment Opportunities in the Evolving MedTech and Pharmaceutical Landscape in Saudi Arabia. Will you be there? Drop Leonid message via Linkedin, he’d love to hear from you. #healthstartups #ksahealthcare #conference #ksaconference #healthcareinnovation #healthcareinvestment To learn more about the work Candesic does see our website or contact us on Linkedin.

The hot topic whenever discussing UK healthcare is the interplay between the NHS and the private sector, most people are passionately and politically opinionated on the subject! Candesic Senior Partner Dr Michelle Tempest takes on the role of panel chair today at the Healthcare Summit where her esteemed panel will explore this topic in depth. Joining Michelle on stage for what no doubt will be an interesting, educated and lively debate will be Sneh Khemka, Exec Director at NEOM, Stephen Collier Chair at HCRG Care Group and GenesisCare Holdings and Darshak Shah Co-founder and Executive chair at Paloma Health. Candesic Engagement Manager Dr Nicolas Correa de Calixto will also be there. He is looking forward to exploring interesting panel discussions and networking sessions on healthcare, care, and property that the HealthInvestor Healthcare Summit team has put together, especially the closing keynote from Alastair Campbell. Will you be there? If you would like to speak to Michelle or Nicolas while at the Healthcare summit, drop them a message on LinkedIn. They’d love to hear from you. #HealthcareSummit24 #HCSummit24 #healtchcareinvesting #healthcare #health #care #socialcare #intelligence #investment #conference #networking To find out more about Candesic send us a message or visit our website.

Global private equity healthcare specialist ARCHIMED has acquired FIM Medical, a leader in the vision, audio & respiratory medical devices market. Candesic provided ARCHIMED with commercial due diligence. The Candesic team, was led by Senior Partner Marc Kitten and supervised by Associate Dr Marco MAZEVET.   FIM Medical is the leader in the national French occupational health market across its primary product lines – vision testers, audiometers, and spirometers – and has successfully expanded across Europe and into the US. With a robust brand reputation and competitive edge, FIM Medical is a growing company poised for international expansion, both organically and through acquisitions.   ARCHIMED Partner Antoine Faguer commented that “FIM Medical is a valuable addition to the ARCHIMED portfolio, strengthening our presence into the neuro, sensory and occupational health sectors, which we already know well through our investments in Vita Health Group, Natus Medical Incorporated, AD-TECH and some others.”   To learn more about the transaction and about us, please email talk@candesic.com.

What if you could achieve your dream of becoming a consultant but also make a difference in patient outcomes and health equity and help people access better and longer lives? Healthcare and life sciences are in our DNA, but we deliver our best with a team that combines diverse backgrounds beyond medicine, including science, business and technology. We represent over 15 countries and speak 10+ languages. All our projects have senior team involvement, but every member of the team has the ability to have an impact.  This afternoon @Dr Nicolas Correa and Dr Iham Kasem will be at the Cambridge Consultancy fair. Speak to them and discover how you can make a difference in healthcare consulting. Have any questions or want to speak to our recruiters about a role or internship, email talent@candesic.com. #gradrecruitment #cambridgerecruitment #cambridgecareers #cambridgeuni #cambridgeuniversity #universityofcambridge #cambridgecareersconsulting #consultingcareers