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European operators want to run African PPPs

Centres of excellence in healthcare are being planned in Rwanda, Uganda, Kenya, Tanzania and Nigeria and European companies are lining up to design, build and run them. Representatives from several African health ministries told the African Healthcare Summit that high quality facilities were needed to stem the flow of medical tourists. Regional centres serving multiple countries will open up markets.
February 24, 2016

Hospital group buys Mexico’s largest diagnostic chain

Private equity house Inbursa has sold Mexico's largest lab and diagnostic centre network, Laboratorio Médico Polanco, to the country's only quoted hospital group, Médica Sur. The deal values Polanco at MXN 1.7bn (US$93m) including debt. Our sources say this is the largest healthcare services deal ever in the country.
February 24, 2016

FREE BLOG PPPs for Africa?

The African Healthcare Summit 2016 in London was all about Public-Private Partnerships (PPPs) in which hospitals are built or operated by private operators. PPPs were mentioned by no fewer than seven ministers for healthcare at different African countries.
February 24, 2016

Indian online healthcare platform Practo to go into homecare and telehealth

Indian start-up Practo, which offers online appointment and practice management tools to patients and doctors, is to launch new platforms targeting homecare and telehealth. Practo bought several of its competitors after raising $120m in 2015 and is now active in 15 countries across South East Asia. We spoke to its managing director and co-founder, Shashank ND.
February 23, 2016

Namibia to build national mental health network

Facing a huge shortage of mental health facilities and practitioners, Namibia wants to build a mental health network composed of several regional centres and three referral hospitals by 2018. According to the Minister of Health Dr. Bernard Haufiku, speaking at the Africa Healthcare Summit 2016 in London, the private sector is keen to get involved.
February 23, 2016

Kenya plans five PPPs

Kenya is looking for a transaction advisor to get the construction of five hospitals, three greenfield and two brownfield, off the ground. The largest, the Kiplombe hospital in southwest Kenya, will be a massive 2,000 beds and will use a turnkey contract with loans from the Export-Import (EXIM) Bank of China. The head of the oncology unit at the Ministry of Health, Dr Lillian Kocholla, shared the plans with the African Healthcare Summit.
February 23, 2016

Rx Health Management builds US$200m fund

The former Egyptian health minister, Dr Hatem Elgabaly, hopes to raise US$200m to invest in African healthcare by the middle of 2017. Three deals in Egypt and Nigeria are under negotiation and three others in Morocco and Nigeria are early-stage. All are already funded, he claims. The strategy is to build a platform in hospitals, diagnostics and pharma in North Africa and replicate their success in Sub-Saharan Africa by consolidating and modernising mum'n'pops or expanding existing platforms.
February 22, 2016

Mediclinic completes Al Noor deal

South Africa’s Mediclinic has finalised its reverse takeover of Emirati rival Al Noor, outbidding local chains VPS Healthcare and NMC. The new group will have pro-forma sales of around US$4bn for the year ended March 31, 2016, operates 73 hospitals and has over 10,000 beds. The deal is valued at US$2.3bn.
February 19, 2016

Aster DM reaffirms IPO pledge

The chairman and managing director of Aster DM, a diversified healthcare group spread across the Middle East, India and the Philippines, says it will IPO in India this year. A public listing has been expected for over a year now. Dr Azad Moopen also announced Rs 250 crore (US$37m) of investments in three Indian hospital projects in 2016.
February 12, 2016

Apollo continues to diversify

India’s largest hospital group, Apollo Hospitals, has launched a national reference lab in Hyderabad and announced plans to open 200 more labs and 1,000 collecting centres in the next five years. The subsidiary, Apollo Health and Lifestyle, will invest between INR 150 crore (US$22m) and INR 200 crore (US$30m) predominantly in tier 2 cities
February 12, 2016
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