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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.

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.

Dalian Wanda to put US$2.3bn into healthcare

A Chinese conglomerate owned by the country’s richest man is moving into healthcare, reports Jing Daily. Dalian Wanda will invest US$2.3bn in three private hospitals in Shanghai, Chengdu and Qingdao that will be run by the British operator International Hospitals group. The hospitals should open within "the next few years”.

Meinian ups bid to over $1.7bn for iKang

The consortium led by quoted outpatient operator Meinian has raised its bid for rival Chinese outpatient group, iKang, from $23.50 to US$25 per American Depository Share (ADS). That is 40% higher than the offer of US$17.80 from the management-backed consortium led by former iKang CEO, Zhang Ligang which is backed by Canadian pension fund, Ontario Teachers’ Pension Plan (OTTP), and the founder of Chinese online giant, Alibaba.

FREE BLOG Canadian pension funds sniffing around healthcare

We know that there is no shortage of institutional money destined for healthcare. For long term and defensively minded funds the attractions are obvious. The glut may also be about to grow as Ontario Teachers’ Pension Plan (OTPP) joins the consortium looking to take Chinese operator, iKang, private. OTPP was also interested in the German lab group, synlab, last year. So are investors increasingly building portfolios across European and Emerging Market healthcare?

IHG wins big Chinese hospital contract

Privately-owned and British-based International Hospitals Group, has won a ten year contract which could be worth £300m ($440m) to manage three new hospitals built by Chinese conglomerate Wanda with a $3.2bn investment which Wanda claims is the largest ever made in China in healthcare services.

Meinian turns up the heat on iKang

Chinese healthcare outpatient clinic group Meinian Onehealth Healthcare has increased its offer to rival iKang, which aims to delist from NASDAQ, to US$23.50 per American Depositary Share (ADS). This comes two weeks after iKang adopted a poison pill in response to Meinian's original counter-bid to take the group private, giving the right to its shareholders to buy more shares if Meinian manages to acquire a stake.

Interview: Mark Britnell, Chairman and Senior Partner for the Global Health Practice, KPMG

Author of the recently published book In Search of The Perfect Health System, Mark has got through three passports in six years as he tours the world looking at healthcare systems. We talk to him about uberisation, telehealth, innovation in elderly care and the role of private healthcare providers as governments around the world roll out statutory healthcare insurance.

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