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Saudi German valued at $1.57bn

The Saudi hospital group, Saudi German, has seen its shares rise 15% to 73.5 Saudi Riyals since it milked the Tadawul for US$471m last month. With just 788 beds, Saudi German, also known as the Middle East Healthcare Company, is valued extraordinarily highly; it made profits of US$89m on sales of US$881m in 2014, the last full year for which figures are available.

Asisa heads to Oman

Spanish payor-provider Asisa will operate a 70-bed secondary hospital staffed with 40 European doctors in Oman, starting in 2018.

FREE BLOG Expect an acquisition binge

It is hard to overestimate valuations for healthcare service groups in Emerging Markets. Fullerton, a chain of 200 outpatient centres in south East Asia is likely to have a market cap (excluding debt) of US$1.1bn. That values its 400 doctors and 700 nurses at around US$10m per head. Meanwhile, Saudi German, now known as Middle East Healthcare Company, IPOed in mid-April on the Saudi exchange, valuing it at $1.8bn.

PMI resilient through Brazil’s recession

Unemployment may have crashed from 4% to 10.9% in the first quarter of 2016, but the number of lives covered by private medical insurance has fallen just 3.1% in 15 months. That is despite a 3.8% drop in GDP in 2015 and forecasts of a similar fall in 2016.

Saudi healthcare plans – as clear as mud

We've outlined Saudi Arabia's ambitious plans to outsource all aspects of healthcare provision to the private sector. But operators tell us that there is little clarity. Announcements that ex-pat doctors of more than ten years standing may be kicked out aren't helping.

French not for profit SOS Group invests $150,000 in India homecare

Hyderabad based home healthcare player Life Circle Health Services has raised Rs1 crore ($150,000) from Groupe SOS. The subscription-based service for providing caregivers and nurses for chronically ill and bedridden patients will utilize the capital to expand its services in the Delhi region.

IHH snubbed in Myanmar

The new Mynamar government has suspended plans that would have seen international hospital chain IHH build a 250 bed facility after widespread protests from the medical establishment.

Lancet shows the way in African labs

Dr. Peter Clarke from South African lab group Lancet laid out his pan-African expertise at our 2016 Breaking Barriers conference. What business models work in Kenya? What about Nigeria, to the other side of the continent? Most private equity houses and institutional investors are daunted by Africa, but Lancet has expanded to 11 countries in just 12 years.

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