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Impact investor buys in Bangladesh as its LP sells Indian hospital stake

The Evercare Health Fund, formerly managed by now-defunct PE firm Abraaj, has made its first acquisition since TPG took over the fund last year, acquiring a private hospital group in Bangladesh for $120m. At the same time, UK development bank and Evercare investor CDC Group has partially sold a stake in an Indian hospital group, demonstrating you can make money while serving the low-end segment.

Orpea founder sells his shares

Founder and ex-chairman of global nursing home operator Orpea, Jean-Claude Marian, has sold his stake in the company, potentially pocketing €450m.

Ex-Abraaj Lagos hospital’s imminent opening a ‘game-changer’ for market

Nigeria's largest city will have a new international-standard hospital when the 160-bed Evercare Hospital Lekki, part of what was the Abraaj Growth Markets Health Fund, opens in Q1/Q2 this year. An advisor tells HBI local hospitals might struggle to compete with the country's first facility backed by big American private equity.

Shrey Viranna quits as CEO at Life Healthcare

The CEO of one of South Africa's big three hospital chains and the owner of Pan-European imaging chain Alliance Medical has stepped down to be replaced by the finance director Pieter van der Westhuizen, on an acting basis.

Delays in Oman for insurance and hospital construction

Private providers in Oman are still awaiting the introduction of mandatory insurance a year after the country's Capital Market Authority said it would be introduced. Experts suggest a new timeline of Q2 2020 but could construction news also point to further problems in both the public and private healthcare sectors?

NMC shares drop yet again after key shareholders sell

Two of the largest shareholders in under-fire UAE-based NMC Healthcare have sold a stake in the beleaguered FTSE 100 company, shares in which plummeted 18% overnight at the announcement between close of trading Tuesday, January 7 and opening on Wednesday, January 8.

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