From the January/February 2022 issue of HealthCare Business News magazine
With both organizations, Affidea’s reach now extends to 312 centers across 15 European countries, and provides more than 10 million patients it sees annually access to over 11,200 professionals.
The deals follow five others completed by Affidea in 2021 alone. In Spain, patients under Affidea will have direct access to multispecialty private healthcare service at Medicentro. In Northern Ireland, Hillsborough offers patients a range of outpatient surgical procedures, as well as access to numerous specialties.
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"The acquisition of Medicentro in Spain signals the entry of Affidea in the ambulatory service market which will be the area of focus in our strategic inorganic development in the following years, while in Northern Ireland we have already established a strong and resilient network of outpatient and diagnostic imaging services through the addition of Hillsborough and Orthoderm clinic, which was acquired earlier this year," Affidea CEO Giuseppe Recchi told HCB News.
Medicentro and Hillsborough both add an extensive range of specialty consultations, blood collection points and same-day surgery procedures that align with Affidea's core business of diagnostic imaging. With the company's integrated service model and these two new additions, patients will have faster and easier access to care, says Recchi.
The two deals follow other recent expansions the company has made in Italy, U.K. and Croatia, and are two of 17 acquisitions it has completed in the last 24 months. In that time, it has expanded its network with 43 new medical centers, most of them to support its outpatient offerings and complement its core business of diagnostic imaging. Since 2019, Affidea has acquired and integrated 85 medical centers into its network of outpatient and laboratory service providers, including facilities in Italy, Greece, Portugal, Lithuania, Romania, Croatia and the U.K.
EU gives Microsoft the nod for $16 billion Nuance acquisition
Following an investigation, the European Commission unconditionally approved Microsoft’s proposed acquisition of Nuance in December.
In its reports on the decision, the commission said the transaction would not raise competition concerns in the European Economic Area for transcription software, cloud services, enterprise communication services, customer relationship management, productivity software or PC operating systems.
Microsoft said in April it was looking to acquire Nuance for $16 billion – $19.7 billion, when including net debt in an all-cash payment, and integrate Nuance’s speech and conversation AI software into its Microsoft Cloud for Healthcare technology. It would enable the solution to automate note transcription for doctors and help accelerate the adoption of cloud-based AI tools among providers. The acquisition is considered to be the largest made by the company in years.
