Sweden: Medicover reports strong growth for Q1

Swedish healthcare and diagnostics provider Medicover has reported strong growth for the first quarter of the year. Revenues were up 23.3% to €199.7m (US$223.3m). “We...

Finland: Standout Capital takes majority stake in X-akseli

Stockholm-based private equity firm Standout Capital has invested in patient flow management software company X-akseli. Financial terms have not been disclosed, though Standout will...

China: Stellar debut for SoYoung

Shares in Beijing-based SoYoung, China’s largest online medical aesthetic marketplace, had a stellar debut on Nasdaq yesterday. The shares traded up 32%. At one point...

Singapore: Nuffield Dental signs convertible loan agreement

Singapore’s Nuffield Dental has signed a three-year S$2.25m (US$1.7m) 5% convertible loan agreement with Zenmedic Capital, an investment company made up of SGX-listed HC...

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...

Germany: Fresenius looks forward to 2019

Fresenius has reported a steady first quarter after a challenging 2018 for the German healthcare group. Net income was up 3% to €465m (US$521.1m) on...

India: A new suitor for Medall Healthcare

The Indian healthcare space remains the one to watch. China’s Fosun International group is looking to acquire Medall Healthcare, which runs a chain of...

China: Tencent continues healthcare investment offensive

China’s internet giant Tencent is continuing its scattergun investment within healthcare, leading the US$7.4m Series A funding for QTC Care, a platform dedicated to...

Netherlands: Philips confirms full year sales growth of 4-6%

Dutch health tech company Philips has reported underwhelming first quarter figures, although chief executive Frans van Houten confirmed that it remained on target for 6%...

Singapore: Q1 profits slump at Raffles Medical

First quarter profits have slumped at Raffles Medical Group (RMG), the largest private medical group practice in Singapore, thanks to startup costs in China. Profits...