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Emerging market lab roundup

HBI rounds up the latest news from the world's largest emerging market laboratories, including Grupo Fleury in Brazil striking a deal with a rival, and lab activity normalising in India.
November 19, 2020

Manipal buys Columbia Asia in India

As predicted by HBI, India-based multi-speciality healthcare provider Manipal Hospitals has agreed to acquire 100% of Columbia Asia's Indian hospitals from Columbia Pacific Management. The deal is valued at Rs 2,100 crore ($282m) including debt.
November 5, 2020

Interview: Massimiliano Colella, CEO, Evercare Group

We talk to the CEO of Evercare Group, the diverse conglomerate of South Asia and African hospitals that make up the $1bn Evercare Health Fund originally raised by Abraaj before TPG's takeover in 2019. Colella talks strategic priorities including 'turning Evercare from a fund into a real company', recent management departures, the platform today and why his own lack of emerging market healthcare service experience doesn't matter for this job.
October 28, 2020

Apollo Q1 results highlight scope of COVID impact in India

The effect of the COVID crisis was evident in Indian hospital chain Apollo's Q1 results, announced on Monday. It reported a consolidated net loss of Rs 226 crore ($31m) for the quarter ending June 30, but there was a silver lining in the growth of it's pharmacy business.
September 17, 2020

Medipass sells to infra minus its healthcare services

Gruppo KOS has sold managed equipment services provider Medipass to Deutsche Bank's asset management arm DWS, which closed a €2.5bn infrastructure fund last year. The deal will see KOS keep Medipass' only healthcare services assets - its Indian subsidiaries - although a source says it will look to sell those swiftly.
September 10, 2020

Max India expands into new elderly care services

Max India, the conglomerate that recently sold a large stake in hospital chain Max Healthcare, has announced it will expand its elderly care business in India by moving into mid-market independent living, medicalised nursing homes and homecare.
September 3, 2020

Max Healthcare about to list on BSE

Max Healthcare is due to list tomorrow (Friday, August 21) on the BSE (formerly Bombay Stock Exchange). HBI speaks to an operator source in Delhi to find out more.
August 20, 2020
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