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Nova Stream

Why Thailand is the largest medical tourism market in the world

Thailand is the largest medical tourism market in the world. Healthcare Nova speaks to data specialists GlobalData, which has just released a new report into medical tourism and pharmaceutical sector in Thailand, to find out more.

July 18, 2018

India’s second-largest lab group looks to spend on M&A after solid revenue growth

Dr Lal Pathlabs, India's second largest medical laboratory group by revenue, saw revenue growth of 15.7% and EBITDA rise 12.2% in the year to March 31, 2018. The group's CEO says balance sheet cash will primarily be used for M&A going forward.

July 17, 2018

IHH seal deal for $1.3bn Fortis

India’s troubled hospital group Fortis Health has selected IHH Healthcare to take control of the company ahead of an alternative bid by rival TPG-Manipal.

July 13, 2018

China 2030 programme attracts European interest

Norwegian telemonitoring platform Dignio tells us it is among the European players vying for substantial contracts in China as the country begins its healthcare system overhaul.

July 11, 2018

Singaporean state investor puts US$50m into TPG’s growth fund

Global investor TPG-owned Asia Healthcare Holdings has raised US$50m from Singaporean sovereign wealth fund Temasek.

July 11, 2018

Twelve-year plan for Saudi healthcare to be published

A key report on Saudi health reform will be published in the next month which sets out plans for the next 12 years in much more detail.

July 11, 2018

Buyer found for troubled Fortis?

The fight for Fortis, India's second largest and arguably most troubled hospital group, could soon be over. Healthcare Nova hears from a well-placed India-based source that IHH Healthcare's binding offer to acquire 51% of the company is extremely likely to succeed.

July 10, 2018

At least six firms vying for Abraaj’s US$1bn healthcare fund

At least six firms are reportedly in the running to take over management of embattled Abraaj's US$1bn healthcare fund, including TPG, Colony Capital and Cerberus Capital. We talk to contacts in the emerging markets investment community, one of whom says as much as half of the portfolio's EBITDA could be in one country.

July 10, 2018

Interview: Erik Koornneef, head of AI at Cognit

Healthcare Nova speaks to Erik Koornneef, UAE-Based head of Watson Health at Cognit Technology Solutions, an AI solutions provider established as JV between Mubadala and IBM Watson with the aim to enable the adoption of artificial intelligence in the MENA region.

July 3, 2018

End in sight for saga of Fortis sale?

The race to buy under-fire Fortis, India's second largest hospital group, may be nearing the finish line. So who are the most likely purchasers and what is the timescale.

July 2, 2018

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