Wednesday, March 3, 2021
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Malaysia: IHH Healthcare to take over Prince Court Medical Centre

IHH Healthcare, Asia’s largest healthcare company, has finally agreed to acquire Prince Court Medical Centre for M$1.02bn (US$240m). The acquisition will be funded via a...

Egypt: Cleopatra acquires Alameda Healthcare

Cleopatra Hospital, Egypt’s largest hospital group, is to acquire Alameda Healthcare Group’s assets in Egypt. Financial terms have not been disclosed. Alameda is a healthcare service...

Forex exposure remains IHH Healthcare’s Achilles heel

Despite a forex bump in the fourth quarter, IHH Healthcare, Asia’s largest healthcare company, reported a 35% drop in profits for the year. In Q4,...

Bidders line up for DRK Kliniken Thüringen Brandenburg

Interest is said to be high for the hospitals in German group DRK Kliniken Thüringen Brandenburg after it fell into insolvency at the end...

France: Vygon Group to buy Pilot

Vygon Group has acquired Italian firm Pilot, which specialises in electrocardiography guidance (ECG) devices. Financial terms of the agreement have not been disclosed. Vygon said...

Italy: GHC acquires diagnostics company

Italy’s Garofalo Health Care’s (GHC) is to acquire XRay One, a diagnostic centre for radiology and specialist medicine, based in Poggio Rusco, Mantua. The €13.6m...

Sight Diagnostics completes US$28.7 million Series C funding

Consumer digital health fund Longliv Ventures has led the $27.8 million  Series C funding for Sight Diagnostics, a Tel Aviv-based company that provides patients...

Lebanon: Lebanon signs pharmaceutical deal with Iraq

Lebanon will be exporting an increased amount of locally manufactured medicines to Iraq as part of a new pharmaceutical deal. Lebanese Health Minister Jamil Jabak...

Global: World Bank steps up as governments struggle with Covid-19

The World Bank Group has made available an initial package of US$12bn in immediate support to assist countries coping with the health and economic...

China: Ping An Good Doctor moves into Guangxi

Ping An Good Doctor, China’s biggest online health care platform, has signed an agreement with Guangxi to provide its healthcare services in the southern...