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UnitedHealth Group appoints new CEO

UnitedHealth Group, the largest health insurance firm in the United States, has appointed a new CEO.  Andrew Witty will take the helm from outgoing CEO David Wichmann, following his three-year tenure.
February 11, 2021

How digital is digital health?

Vast sums are being invested in so-called “digital health” but there remains surprisingly little medical proof that digital therapeutics, telemonitoring and coaching programmes actually work. And often so-called digital platforms merely knit together analogue processes. For instance, linking millions of diabetes patients to human counsellors and logging their blood sugar and insulin doses online may merely add huge cost without improving outcomes.
February 7, 2021

NMC CEO: Any sale will be a competitive, traditional process

Will the creditors of NMC Healthcare, the GCC's largest for-profit healthcare operator which has been in administration since April 2020, choose a sale of its core UAE business in the next 3-6 months or a longer-term, creditor-led restructuring? We talk exclusively to NMC CEO Michael Davis and UAE sources. A 'fire sale' of parts of its core UAE business now seems entirely off the table.
February 4, 2021

Integrating diagnostics and therapeutics

Diagnosing and giving therapy can be two very siloed services. Increasingly, innovators are building platforms to understand how the two could come closer together. We speak to one of the world's best-funded AI start-ups, Lunit, about its attempt to integrate diagnostics and therapeutics.
February 4, 2021

Metropolis buys big in India, targets further growth

India-based lab group Metropolis Healthcare has bought big in South India, acquiring a network of 31 laboratories and 68 collection centres to its network. The combined entity confirms its position as the second-largest diagnostics company in India and the largest brand in South and West India. Further acquisitions by large Indian diagnostics players are expected.
January 21, 2021

Rede d’Or’s payors losing market cap

Analysts covering Brazil's largest private hospital Rede d'Or have projected a 25% rise share price after its $2.2bn IPO last month. However, the sustainability of its fee-for-service business model in the long-term has been questioned by some. Its insurers are slowly losing market cap to integrated players.
January 21, 2021

UHCG faces tough call in Brazil

Amy Shaw, the incoming CEO of UnitedHealthcare Global (UHCG), the world's largest owner of for-profit hospitals in emerging markets, faces tough choices. UHCG, the international arm of US insurer UnitedHealth, has a colossal headache in Brazil, by far its largest market. For instance, reports suggest UHCG may have to pay R$1bn to shift its personal policy portfolio in a deal which has already been sweetened by the addition of several hospitals. There is speculation that, like Cigna in the 1990s, which wrote off some US$500m on medical plan Golden Cross, that UnitedHealth may decide to exit Brazil completely. A full pull-out looks unlikely, but the full year 2020 results to be announced on Wednesday, January 20 may well see big write-offs. 
January 15, 2021

Ramsay Sime Darby targeting $300m spin-off IPO

HBI understands that Malaysian/Indonesian hospital group Ramsay Sime Darby has appointed banks for a $300m IPO. One side of the JV says that expansion in healthcare is a key strategic focus, the other appears notably quiet about its investment in Asia. FY2020 saw profits drop for "the first time in many years" as COVID struck.
January 14, 2021
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