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Nova Stream

 

The future of healthcare in Nigeria: PPPs and the NHIS?

Healthcare investors generally take a fancy to Nigeria. Africa’s most populous country has a growing middle class and will one day finally put some distance between itself and South Africa as its largest economy. The petrodollars already flow freely into healthcare. But no one has bothered to keep them in the country: not the existing fragmented private sector, nor the government, which has other priorities – President Buhari has been treated in London, after all! So, surely, all that’s left to do is fly in, start a JV with a local partner, consolidate and cut off the medical tourism leak at source?

Ramsay shares rise on profit hike

Shares in big private hospital group Ramsay Health Care rose nearly 8% to AUD81.4. The operator which is top dog inFrance and one of the top three in the UK saw net profit after tax rise 16.8% to AUD 482m (€325 m) with group revenue ahead 18.1% to AUD 8.7bn (5.88bn) in the year to June 2016. We analyse the results.

Indian hospital group in talks for $75m investment

Private Equity firm KKR is talking with Mumbai-based Radiant Life Care about investing Rs 500 crore ($75m). Healthcare Nova understands that Radiant would use the funds to expand facilities, and refinance existing debt raised in Singapore.

India’s SRL and Fortis to “uncouple”

Fortis Healthcare and SRL Diagnostics, India’s second largest hospital group and largest lab group respectively, are demerging so private equity investors can exit and it can offer specialised hospital and lab stock picks. SRL’s CEO Sanjeev Vashista told Healthcare Nova SRL has eight years left on its contracts with Fortis, which will, in any case, remain a majority shareholder.

Interview: Mark Adams, CEO of Anglo Arabian Heathcare, on how changes in UAE will create winners – and losers

The healthcare system in the UAE is unusual. Around 85 to 90% of the workforce is from overseas, there’s a fragmented payor market and too many hospitals and clinics chasing too few patients. Something has to change, and as it does, there are going to be winners and losers. Mark Adams, founder and CEO of UAE-based integrated healthcare provider Anglo Arabian Heathcare, shared his views with Healthcare Nova.

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