Emirates-based day surgery group Medstar is investing $100m to open new facilities in Dubai, Sharjah, Ras al-Khaimah and Al-Ain. It opened its first clinic in Dubai in late 2015, and is working with insurers to cut costs by 25-30% compared to hospital groups, founding doctor Sajid Burud says. Day surgery clinics are set to proliferate, as the UAE implements Mandatory Health Insurance (MHI).
This is an intangible and complex sector, where activities are often given several confusing names. So I thought readers might be interested in the set of definitions we use internally to define 26 sub-sectors in health and care services. We use these in our two databases covering Europe and Emerging Markets as well as in our news gathering. They are pithy and include examples.
The Italian healthcare system is going under severe budgetary constraints. In light of the cuts, small not-for-profit operators, many of Catholic ownership, struggle to stay afloat and are selling off assets. Large for-profit players, like San Donato, Humanitas and Korian, are jumping on the opportunity.
The hospitals division of Indonesian conglomerate Mayapada Group is to build 17 hospitals in large cities across the country. The project is worth an estimated US$360m and is in partnership with the National University Hospital Singapore.
Two hospital groups announced new development plans in the smaller emirate of Ajman this week. This comes fast on the heels of the Qatari government announcing a shift to private sector insurance and provision. That means a whole new market in the richest country in the world and a tripling of beds in the northern Emirate.
Ciel Healthcare, part of Mauritian investment group Ciel, has been making waves in recent months. After increasing its stake in Ugandan HMO’s International Medical Group (IMG) in July 2015, it has just bought part of Hygeia, Nigeria’s largest health provider. We speak to Ciel Healthcare Africa’s managing director, Alex Alexander.
Danish insurer Tryg is to offer telehealth services to its half million insured using a telehealth solution developed by Dr Imran Rashid who works for Aleris, the private Scandinavian hospital group. Rashid tells us that the system is designed to be a portal to a much larger wellness offering.
After more than six months Bergman Clinics, the largest Dutch private clinic chain, is still in talks with its lender Rabobank after ambitious expansion plans went awry.
Didier Sensey, president of Numerix, a French X-ray and imagig service provider is interesting on the prospects for imaging services in France. The sector remains extremely fragmented with strict ownership laws limiting financial investors to 25% of equity. But he sees forces which will change that soon in this multi-billion euro sector.
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