In the September issue of Healthcare Nova, despite boasting tremendous growth in its domestic market international ambulance company Falck’s new CEO, Jacob Riis, says he is “systematically examining the business” following first-half losses on the international front. United Health attains more revenue within emerging markets with its deal to buy Banmedica. From Chile to China and from Morocco to Indonesia, purchasing an up-to-date cost-effective database which covers all the largest private sector players in healthcare services across Emerging Markets, is now available.
In global news, World Bank moves towards including the private sector in healthcare. In South-East Asia, Singaporean sovereign wealth fund Temasek Holding has agreed to acquire a stake in Manipal Hospitals, prompting speculation that Manipal could become a consolidator. In Central-Asia, Malaysia’s sovereign wealth fund, Khazanah, is interested in investing in Kazakhstan ’s healthcare sector. Indian diagnostics company, OncoStem Diagnostics, raises $6m for an expansion into Singapore and beyond. Indian primary care chain, Healthspring, has begun a partnership with India’s largest private workforce, at Tata Consultancy Services (TCA), to provide annual health checks and wellness across all of its 90-plus locations and 300,000 employees. Indian groups seek new areas as government price ceilings hit profits.
China’s Wenzhou Kangning takes up stake and increases its minority stake in a Sichuan hospital. Following tax-breaks for buyers of private medical insurance (PMI) in July, Chinese government reinforces its support for private healthcare by introducing further reforms. Chinese dental group Arrail Dental raises US$90m in Series D funding, to open more than 1,000 clinics over the next five to eight years.
In Latin America, French nursing home behemoth, Orpea, announces two joint ventures with fellow countryman, Philippe Austruy’s holding company, SIS Group, that will see 2,000 nursing home beds built in Brazil and 1,000 in Portugal. HCN probes whether or not MENA’s five major cities need 10 500 new hospital beds by 2022.
In Africa, South African black-owned JSE listed healthcare investment company, RH Bophelo is on the hunt for acquisitions to invest in small to medium-sized for-profit hospitals. In Dubai, private equity group, Abraaj has had its 52.6% stake acquisition in Kenyan hospital chain Avenue Group approved by the country’s antitrust watchdog.
In our interviews section, Vice President of IntraHealth International, Dr Katherine Tulenko, discusses the importance of producing more surgeons and PSG Alpha CEO, Nico de Waal, acquires a 50 percent stake in Evergreen Lifestyle. Sphera Global Health Care’s Teo Sarda talks about building a global network of local expertise and Wilson Mayora Mogollon of insurance union, Fasecolda, unpacks the necessity of private healthcare even within Colombia’s respected public healthcare. Switzerland’s Unilabs CEO, Jos Lamers addresses the importance of diversifying internationally. “Old and Obese: Our health insurers must adapt or die” article addresses the importance of traditional insurance companies’ implementation of advanced technology.