Saturday, September 21, 2019

China: New Frontier finalising US$300m loan for United Family Healthcare acquisition

Hong Kong-based special purpose acquisition company (SPAC) New Frontier is close to closing the US$300m senior term loan facility to back its US$1.4bn acquisition of...

Belgium: iSTAR Medical raises €40m Series C

Belgium-based ophthalmic specialists iSTAR Medical has raised €40m (US$44.5m) Series C funding. The financing was led by healthcare specialist funds LSP and Gimv, with participation...

Saudi Arabia: MEAHCO shares plunge on weak Q1 figures

Shares in Middle East Healthcare Company (MEAHCO), the largest healthcare company in Saudi Arabia, plunged almost 9% today after the release of weak first...

Russia: Russian blood cord company raises Rub150m

The International Medical Centre for Processing and Cryopreservation of Biomaterials, a subsidiary of Gemabank, has raised Rub150m (US$2.4m) on the Moscow Stock Exchange. It sold...

Saudi Arabia: Dallah Healthcare signs contract with Siemens Healthcare

Private hospital operator Dallah Healthcare has signed a ten-year strategic partnership contract with German health-tech business Siemens Healthcare. Under the agreement, Siemens Healthcare will operate...

Switzerland: SamanTree raises SFr9.5m Series A

Lausanne-based breast cancer specialist SamanTree Medical has raised SFr9.5m (US$9.3m) Series A funding led by European venture capital group Panakès Partners and the Sioux...

Singapore: Tepid SGX debut for Alliance Healthcare

Singapore-based healthcare company Alliance Healthcare had a tepid debut on the SGX’s Catalist board on Friday with its shares ending the day flat. It raised...

Australia: Malaysia’s EPF invests in Dexus healthcare fund

The Employees Provident Fund (EPF) Malaysia has invested A$100m (US$70.3m) in the Dexus Healthcare Wholesale Property Fund. EPF Malaysia is a US$200bn retirement fund for...

Germany: Profits jump 24% at Siemens Healthineers

The Imaging and Advanced Therapies businesses have driven impressive Q2 results at the German health-tech business that beat expectations. Profits at Siemens Healthineers were up...

India: Pristyn Care raises US$4m Series A funding

Gurgaon-based Pristyn Care, a startup that offers patients affordable advanced surgical care, has raised US$4m in Series A funding from Sequoia India. “Our vision is...