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Doctoralia innovates across Latin America

In an unusual innovation, Doctoralia, the international rating and online booking platform, is partnering with patient associations and getting doctors to rate doctors as part of an awards programme. Owned by its Spanish founders, Doctoralia is now active in over 20 countries, particularly Latin America. It claims patients book 100,000 appointments a month on its platform. We interview Frederic Llordachs, co-founder of Doctoralia. This month, we are also writing a detailed survey of how such sites are developing in Emerging Markets from Chile to China.
March 11, 2016

Filippino investor MPIC puts US$64m into hospitals

A week after announcing a 30% growth in revenues to US$29m for its hospital division, MPIC is setting aside US$64m to buy several hospitals in the Manila region. The group expects to buy two 200-bed hospitals this year and is in talks with three others.
March 11, 2016

FREE BLOG The importance of diasporas

Anyone looking at healthcare services in Emerging Markets would be well advised to take diasporas into account. And in fact they do.
March 10, 2016

Meinian looks beyond iKang

Chinese outpatient and health check-up group, Meinian Onehealth, has purchased a controlling stake in rival, Ciming Health. Meinian is paying 2.7bn Yuan (US$413m) for 72.22% and will raise 1.9bn Yuan (US$291m) worth of funding through a private placement. The deal suggests Meinian has given up on the takeover of rival, iKang, which is currently pursuing a lawsuit for information theft.
March 2, 2016

FREE BLOG New high-end hospitals to open in China, but can they attract doctors?

Private companies continue to seek entry in the Chinese private hospital market. In the past two months, IHH announced the opening of two large hospitals in 2017, and Samsung Medical Oaks launched a 150-hospital network. But while it appears relaxing the regulatory environment is paying off, doctors are hard to get.
March 2, 2016

KIMS nears sale

Deal terms for the sale of Kerala Institute of Medical Sciences (KIMS), an Indian hospital group with a strong Middle Eastern presence, are starting to materialise. Some 8-10 large private equity funds want existing investors, Ascent Capital and OrbiMed Advisors’, 40% stake plus an extra 15-20% from new shares. That will cost around INR 2,050 crore (US$300m) and negotiations will start in a month’s time.
March 2, 2016

Dr Agarwal bets on Africa

Of all types of Indian healthcare operators none have been as successful in Africa as Dr Agarwal, India’s second largest eye care chain. In just five years, it has grown its African business from nothing to 30-35% of sales. So far, it has 15 clinics in Mozambique, Nigeria, Madagascar, Rwanda, Uganda, Zambia, the Seychelles and Mauritius, but it plans to open six this year and to have 40 by 2020. We talk to Dr Agarwal’s CEO S. Rajagopalan.
February 29, 2016

TVM seeks a dozen investments for new fund

TVM Capital Healthcare is to raise a third growth capital fund to invest in a dozen healthcare services, medtech and pharma companies. With a target of $300m, the new fund is six times larger than the first $50m fund raised in 2010, which was invested in five Middle East healthcare service groups and an Egyptian medtech player. The sole sale from that round has already netted $50m for TVM. So what is CEO Helmut Schuehsler looking for this time round?
February 25, 2016
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