Fakeeh Care Group, a healthcare service provider in Saudi Arabia, and Fosun Pharma, an innovation-driven global healthcare company, have forged a strategic partnership to advance cell and gene therapy and tele-diagnostics in Saudi Arabia.
Akdital, Morocco’s largest private healthcare provider, is set to expand internationally with a $200 million investment to build two hospitals in Riyadh and Jeddah.
With demand for aesthetics rapidly growing, HBI spoke to Raja K Pitalia, Managing Director of Pall Mall, a private healthcare and cosmetic surgery provider in North West England, about how the company strives to safely meet demand, how the company has evolved, and trends in the sector.
Ufonia is a UK digital health company that has developed an AI tool that can automate conversations which would normally take place with a clinician. In an interview with HBI, Richard Armitage, Ufonia’s new Commercial Director, explained the huge potential of this technology.
UK NHS patients can now instantly register with a GP on the NHS APP, and will soon be able to view and manage hospital appointments, and select from a greater number of providers, including independent sector providers, and receive test results straight through the app.
UK-based multinational health insurance and healthcare provider Bupa will open 200 new mental health clinics across the globe, as part of a drive towards providing more “holistic” care.
RWK BidCo, a newly formed company wholly owned by global investment firm KKR Funds with the purpose of making the offer in deals, has announced a recommended public offer to the shareholders of Biotage, valuing it at around 1.6 billion SEK ($1.22 billion).
DCC, A Dublin-based and London Stock Exchange-listed sales, marketing and support services group, has announced it has entered into a definitive agreement to sell its healthcare division to HealthCo, an investment vehicle of funds managed by European private equity firm Investindustrial Advisors, for £1.05 billion (approximately €1.23 billion).
The first phase of ‘Saudization’ in Saudi Arabia’s healthcare sector is now underway, effective from 17 April. Saudization is a government policy to increase the number of Saudi nationals employed and reduce the reliance on expats in the workforce.
Europe’s healthcare providers are less directly exposed to Donald Trump’s trade war than its med tech sector. But hospital and outpatient groups will still suffer. The severity of the pain will depend largely on the EU’s response to US tariffs, in particular the level and extent of possible counter tariffs. The EU could also be galvanised into better supporting innovation and R&D in its med tech and pharma sectors.
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