Monday, September 28, 2020
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ADB to boost health spending by 35% in 2019

The Asian Development Bank (ADB) has said that it intends to increase spending on health projects this year by 36% to more than US$700...

Subdued profits for Singapore’s Raffles Medical Group

A higher tax bill and depreciation from the recently completed Raffles Specialist Centre in Singapore weighed on annual profits at Raffles Medical Group (RMG),...

Smilelink plans to raise M$10.4 million in IPO

Malaysian dental chain Smilelink plans to raise M$10.4 million (US$2.5 million) in an IPO on Bursa Malaysia’s LEAP board – a complementary marketplace for...

Hong Kong: New chief executive for Rici Healthcare

Fang Yixin has been appointed chief executive of Hong Kong-listed Rici Healthcare, a private general medical services group in the Yangtze River Delta. Fang has...

Malaysia: Ekuinas books M$31m from MediExpress and MPCare exit

Government-linked private equity firm Ekuinas has made M$31m (US$7.6m) from its exit from third party claims administrator service providers MediExpress and PMCare to Sumitomo...

China: Tencent Trusted Doctors raises US$250m

Tencent Trusted Doctors, which is backed by internet behemoth Tencent, has raised US$250m in its debut funding round led by Country Garden Holdings, Tencent...

India: Varian to acquire CTSI

NYSE-listed Varian Medical Systems is to acquire India’s Cancer Treatment Services International (CTSI) from TPG Capital for US$283m. CTSI operates the American Oncology Institute in Hyderabad and 10...

Spain: Korian acquires Grupo 5 portfolio

Europe’s largest retirement home operator Korian has acquired a portfolio of six nursing homes on the Balearic Islands from care service operator Grupo 5....

Lithuania: Affidea acquires MPG

Affidea, Europe’s largest medical services provider, has acquired UAB Medicinos Paslaugų Grupė (MPG) in Lithuania from LitCapital. Financial terms have not been disclosed. Medicinos Paslaugų...

UAE: Ministry of Health & Prevention to provide support for haemophilia patients

The Ministry of Health & Prevention (MoHAP) has signed an MoU with Sobi Middle East and Bayti Home Healthcare to provide further support for...