Fortis-owned Indian lab chain SRL says that after the last two years of "stagnant expansion" it has started to open more blood collection points in a shift to the B2C segment. The company remains tight-lipped about the ongoing minority sale process.
Trading in the shares of scandal-hit NMC Health, the UAE’s largest for-profit healthcare provider, has been suspended. The move follows hot on the heels of the removal of the CEO, and the discovery of unauthorised off-balance sheet financing.
Brazil’s largest hospital group by revenue continues to make acquisitions, its latest being a 203-bed facility in Bahia in the north-east of the country.
Thailand’s largest private hospital operator Bangkok Dusit Medical Service (BDMS), the biggest shareholder in Bumrungrad Hospital (BH), has launched a tender offer for the remainder of the shares it doesn’t own.
In an announcement put out after trading, the independent review board appointed by NMC has identified side deals on procurement worth US$335m with the founders for which NMC is liable and that were made without board approval. It has also removed Mr Prasanth Manghat from his position of Director and CEO of the Company with immediate effect.
German hospital operator Rhoen Klinikum 2019 sales grew three times faster than the previous year, but EBITDA was flat and is expected to fall substantially in 2020. Its move to outpatient is helping the top-line. HBI considers these results and board-level developments expected later this year.
Shares in listed Nordic care groups Attendo and Ambea dropped on publication of their FY2019 results - but there was reason to be positive for both companies.
With the help of a results-based financing mechanism, Mexico's largest specialised diabetes provider Clínicas del Azúcar has doubled its number of patients from the poorest segments of society and tells HBI it can now double the locations for potential clinics. We speak to its CEO and the co-creator of 'social impact incentives' about how to monetise extra value in impact investing.
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