The Malaysian primary care chain, Qualitas Health, is looking at Myanmar and Vietnam as part of its expansion plans. Executive director, Kharim Dhala, told Healthcare Nova his CFO is currently looking at opportunities.
As Western companies are starting to doubt the promises of China's elderly care market, we hear Fosun Property, the real estate division of conglomerate Fosun, is looking to invest into European nursing homes.
Buyout firm Abraaj Group is seeking a valuation of as much as $300 million for a group of hospitals it plans to list on the Egyptian stock exchange, according to Bloomberg.
Indian healthcare equities are still highly prized if the INR 480 crore (US$72m) IPO of the lab group, Thyrocare, is to be believed. The available shares were oversubscribed 73 times.
Single specialty chains offer the fastest growth in Indian healthcare says the CEO of MyDentist, Vikram Vora. Diabetes care, orthopaedics and rehab offer opportunities that remain untapped by private equity and are servicing the country’s growing elderly population.
High-end hospitals in Asia find their margins compressed by high fixed costs and small markets, claims Abraar Mir, CEO of Quadria Capital. Whereas, EBITDA margins of 40% are achievable in affordable secondary care and demand is much greater. Acute care markets are booming, nonetheless, with groups like Mitra Keluarga adding 2,000 beds per year.
Operators in emerging markets continue to innovate and drive down the price of care through creative business models and the use of technology. In doing so, they are the resolving the tensions between access, quality and cost. But healthcare in the rich world is lagging behind. A panel of speakers at our annual conference identified the key lessons that Europe needs to learn and why they fail to do so.
The Asia Pacific region is home to four of the ten largest acute care operators in the world, trading at an average EV/EBITDA multiple of 22x. APAC now has 58 listed healthcare services groups for an aggregate market cap of $158bn. But has it passed its peak? At the Healthcare Business International conference in London, private equity firms spoke of 2016 as a ‘crash year’, marked by political uncertainty and financial instability.
Indian lab group SRL is close to deal in Nigeria for a second Africa lab hub and a third is planned for Kenya. Its Congo lab already serves seven countries, CEO Sanjeev Vashishta told Healthcare Nova at the Healthcare Business International 2016 conference.
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