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Costa Rican hospital operator opens third facility in a year

Costa Rican hospital operator Hospital Metropolitano is investing up to US$1.2m to open a new facility in Santa Cruz, in Guanacaste, a province located in the North West of the country. The move is part of a US$10m expansion strategy, which saw the group doubling its network in 2016.
November 16, 2016

Mediclinic revenue up but EPS plummets after Al Noor purchase

The largest private hospital group in South Africa, Mediclinic, is feeling the effect of issuing shares to acquire Gulf hospital group Al Noor - and reported a drop of 26% in its underlying earnings per share (EPS) for the six months ending September 30.
November 16, 2016

Flint Atlantic Capital invests in dialysis in Rwanda

The Nigeria-based fund Flint Atlantic, which specialises in healthcare start-ups, co-invested with US-based Polaris Capital in the Rwandan dialysis group Africa Healthcare Network (AHN) last week. AHN is growing fast but the market is constrained by labour shortages and affordability. We discussed AHN’s potential to broaden access with Nneka Ezeigwe, vice president at Flint.
November 14, 2016

Profits – and share price – fall at Life Healthcare

Shares in the South African group Life Healthcare were flat this morning, after falling last Friday following news of an 11.6% fall in after-tax profit in FY 2016 results. Margins fell to 27.5% in Southern Africa and 10.2% in Poland as the rand depreciated and the Polish government cut cardiac tariffs by 17.4% this year. Operating performance, however, was largely strong, contributing to a 12% increase in sales to R16.4bn (US$1.14bn) and 6.6% in EBITDA to R4.3bn (US$0.3bn).
November 14, 2016

Spotlight on labs: India and Brazil

We look at labs in India, and profile the big lab and imaging groups in Brazil. Future articles will also look at the sector in China and across SE Asia and Africa.
November 11, 2016

Interview: Dharminder Nagar, Paras Healthcare – Affordable healthcare for India’s middle class

India-based Paras Healthcare is specifically targeting India’s flourishing middle classes and looking to provide affordable healthcare to a section of the population it says is being overlooked by bigger players. We speak to managing director Dharminder Nagar, who has made the journey from doctor to hospital administrator, and now entrepreneur, about how to succeed in India, and Paras plans for the future.
November 11, 2016

Thyrocare’s five-year plan to quadruple sales

Mumbai-listed lab group Thyrocare has presented a five-year expansion plan that should take the company from 7 to 25 labs and from 1,200 to 5,000 service franchises by 2020. According to targets, sales will be up 20% to Rs300cr (US$45m) in 2016 and should hit Rs1,000cr (US$150m) by 2020.
November 8, 2016
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