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Egypt

 

Al Borg attracts interest

Three Gulf-based private equity firms are reportedly interested in buying a minority stake in Al Borg Medical Laboratories, the largest player in Saudi Arabia. We report on Al Borg’s expansion plans.

Abraaj may IPO Egyptian hospitals

Buyout firm Abraaj Group is seeking a valuation of as much as $300 million for a group of hospitals it plans to list on the Egyptian stock exchange, according to Bloomberg.

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.

Report: All listed healthcare service companies active in Emerging Markets

Here we present the first comprehensive list of all 57 quoted healthcare service companies which are active in Emerging Markets. The list includes companies headquartered in the Developed World, who have interests in Emerging Markets, such as Air Liquide, Fresenius or Ramsay Health Care, as well as quoted operators from the region, such as IHH, Apollo or Integrated Diagnostic Holdings. It covers everyone from Chilean hospitals to Egyptian lab operators and from NYSE quoted operators in China to big groups in Malaysia and Indonesia.

Interview: Helmut Schuehsler, Chairman & CEO, TVM Capital Healthcare Partners

In 25 years TVM Capital, the business where Schuehsler is at the helm, has invested over $1.5bn in life sciences. Yet, five years ago, he took the remarkable personal decision to move from Munich to Dubai and to build a completely new arm to invest in healthcare services in Emerging Markets. Since then, Dubai-based TVM Capital Healthcare Partners and co-investors have invested some $150m in five investments, ranging from Egypt to India. He is now raising a third fund of $300m for another dozen investments.

Hassab Labs looks to catch up with IDH

Egypt’s third largest lab group, Hassab Labs, is targeting North Africa as it ramps up its expansion plans. CEO Mohamed Azab says a partnership with the pan-African, Saham Insurance, will provide opportunities there and across the rest of the continent. But is it too late?

Report: Europe’s booming spa business stays out of hot water

The spa industry is changing. Once exclusively for the wealthy, spas are becoming more accessible and more in demand. Remote luxury locations where people can escape to relax and take in the healing powers of massage and natural baths is still the favoured model. But, there is a push throughout Europe to bring the spa experience closer to home. A new trend of urban spas or locations within 20- 40 mile of cities is just one of the trends. Payors across Europe are starting to gain interest, but to what extent? Healthcare Europa’s Lee Murray takes a look at this expanding $29.8bn (€27.1bn) market, according to figures from research group SRI International.

Report: The changing face of the healthcare labour market

The global deficit of healthcare professionals is getting worse. The World Health Organisation estimates the shortage at 7m today rising to 13m by 2035 – or 18m if you include medical technicians. Not to mention the deficits in management staff. Operators need increasingly innovative ways to respond to the HR crisis, driving a paradigm shift in the landscape of medical training, recruitment and operation.

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