Amethyst Healthcare CEO, Stéphane Carré, has spoken to Healthcare Business International about the company’s new partnership with Fremman Capital, a European private equity firm.
Amethyst were founded in Romania 15 years ago, and have since expanded throughout Europe to provide private radiation therapy, chemotherapy, brachytherapy, and supportive therapies to cancer and brain tumour patients.
Carré discusses the future direction that Amethyst will take, including a more holistic approach to cover every stage of the care pathway, and also the future investment and expansion plans. Here’s a look at the main points of his interview.
The Fremman Capital partnership
Carré explains that the deal with Fremman Capital was agreed after almost 12 months of negotiations.
He commented: “From our first conversations with Fremman in June last year, it was clear we were closely aligned, both in Amethyst’s growth potential and the strategic direction we’ve taken since I joined. Fremman quickly stood out as the right partner in terms of scale, strategic alignment, and operational support.”
The future direction of Amethyst
Expanding Access to Cancer Care Across and Beyond Europe
Carré made it clear that Amethyst is keen to expand the therapies and services it offers, as well as establish new treatment centres in Europe. Currently, the company operates 17 centres across six European countries, and treats over 50,000 patients each year. In countries such as the UK and France, it collaborates with public healthcare providers.
Germany is seen as a priority country to expand to, and Europe will remain the centre of their operations. However, Carré explained that the company will continue to work to widen access to patients from outside Europe, particularly those from areas of the world that are currently underserved by radiation therapy services, such as parts of Africa and the Gulf.
Prioritising patient-centred care
Amethyst is planning to widen its focus to include pre and post-treatment services, such as counselling and nutritional support. Another key strategy is expanding provisions into chemotherapy and diagnostic services. Such a joined-up approach can speed up treatment times and provide a more transparent and reassuring experience for patients.
Carré commented: “Our aim is to support patients from the earliest stage of diagnosis right through to the end of treatment. And even beyond that we offer post-treatment services such as psychological counselling and generic advice, both of which are crucial to patient wellbeing.”
The role of technology and AI in future treatments
Amethyst is committed to investing in cutting-edge technologies that will keep the company at the forefront of cancer and brain tumour treatment. These include using AI and digital tools to create more personalised treatment plans and improve digital efficiencies.
Carré explains: “AI enables us to tailor treatment plans to each individual — each tumour, each case. We’re already using AI during treatment planning and the contouring phase. As you may know, radiotherapy consists of three main stages: planning, tumour contouring, and treatment delivery.”
The Amethyst patient app
The Amethyst patient app is currently in development, and it will allow patients to take ownership of their care journey and help them to understand their specific condition in a clear and user-friendly way. Ultimately, this will build a ‘one point of contact’ model and deliver a more unified and accessible patient experience.
AI to support image analysis
Tumour contouring, the process of analysing MRI scans to precisely map the location, size and shape of a tumour, is a very time intensive process and can be subject to human error and the vagaries of human interpretation. This can be particularly the case for brain tumours that do not have well defined boundaries, or multiple small tumours are present.
AI automation has shown to provide more consistent results, reducing instances of variabilities and oversights. This allows for a more time efficient approach, and a more precise delivery of radiation to the tumour cells, reducing the risk of complications and side effects.
The use of AI tools is also being explored for delivering the effective and accurate radiation dose to the tumour cells, minimising the risk of damage to the surrounding tissues. Furthermore, research is ongoing into treating conditions beyond tumours, such as Parkinson’s disease and certain psychiatric disorders.
Public-Private Partnerships
Carré emphasised the importance of consolidation in the radiotherapy market, as well as the company’s intention to strengthen public-private partnerships (PPPs) in its future healthcare strategy.
He points out that high-quality cancer care requires significant investment, and as public healthcare budgets are currently under strain with little sign of improvement, he regards PPPs as essential to meet future demand. This is why PPPs will remain an important element of Amethyst’s growth strategy.
Carré comments: “We help public facilities increase their treatment capacity, modernise equipment, and improve access. In countries like France, if a public hospital can’t treat a minimum number of patients annually, it risks losing its licence. By operating on their behalf, we help them maintain accreditation, treat more patients, and enhance care.”
“It’s an innovative model that’s still underutilised in Europe and we’re committed to playing a leading role in its development.”
The future of cancer care
As we are faced with an ageing population, an increase in unhealthy lifestyle habits, and improved diagnostics leading to more cancer patients at an earlier age, the demand for world-class cancer care services is highly likely to increase in the future.