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Interview: Dr Shuchin Bajaj, co-founder of Cygnus Hospitals in India: How to succeed in semi-urban areas

Five years ago, a group of doctors working in Northern India looked at the major hospital chains around them and thought ‘we can do this better’. Six years on from setting up Cygnus Hospitals, a mixture of clever cost-cutting and sensible spending, selective recruitment, timely patient turnaround and low-priced procedures has seen the group open a chain of 11 “superspeciality” hospitals in Northern India, with over 1,000 beds and a 1,600-strong medical workforce. We spoke to Dr Suchin Bajaj, a founding director of the group, as he looks to encourage investment into his business as it continues to expand.
August 24, 2016

Medicover plans IPO to raise SEK2bn for expansion

Medicover, the Pan-East European corporate healthcare provider and lab group, plans to IPO to expand internationally, raising SEK2bn for expansion of its core business into Emerging Markets.
August 19, 2016

Indian renal care provider NephroPlus wins state PPP contract

Indian low-cost dialysis network Nephroplus is to provide dialysis sessions in 13 new centres attached to district hospitals in the southern state of Andhra Pradesh under a PPP contract. The group is now planning to raise $15m (100 crore) to fund new expansion plans that would double its network.
August 16, 2016

Hair clinic chain with roots in India looking to private equity for growth

A chain of hair and scalp clinics in India is reported to be in early talks with private equity funds to raise Rs.100 crore (USD$15m). Richfeel Health and Beauty Pvt.Ltd, which promotes itself as providing “India’s most advanced hair and scalp treatment”, is understood to be looking to fund expansion plans both at home, and abroad, and West Asia is reported to be a target.
August 15, 2016

Qualitas: Looking to expand into Myanmar

With less interest in India, the Malaysian primary care group, Qualitas Medical, would consider exiting the market should an appropriate deal emerge, according to executive director Karim Dhala. Its attention has shifted to Myanmar, where “it could be on the ground by next year,” and Vietnam, where it’s conversing with interested parties.
August 12, 2016

Columbia Asia raises US$101m for global growth

Mitsui & co. of Japan has invested US$101m in the pan-Asian hospital group Columbia Asia, reports VC Circle. The money will go towards Asian developments, and the group’s first African hospital: a clinic in Nairobi branded Columbia Africa.
July 29, 2016

TPG Growth buys Indian maternity chain Rhea Healthcare for $33m

TPG’s investment platform TPG Growth has bought a majority stake in Bangalore-based maternity chain Rhea Healthcare for $33m (Rs 220 crore), which wants to expand across India. The mother-and-child care sector is one of many growing outpatient specialties in the country.
July 27, 2016

FREE BLOG The lessons of Universal Health Coverage

This week we take a look at universal health coverage (UHC). This is central to the global health policy agenda and will remain so, at least until 2030, when the world evaluates its progress towards the sustainable development goals. What is really fascinating about UHC, however, is that it does not exist - it is an ideal. Even more so, it’s not a particularly well-defined one and is difficult to measure. This means that private healthcare, whose markets will be closely shaped by UHC, has little certainty. So what can we say for sure?
July 20, 2016

Personnel shortages to constrain Narayana’s growth, says chairman

The Indian hospital group, Narayana Hrudayalaya, could add another 4,000 beds before staff constraints halt its growth, says chairman and founder, Dr Devi Shetty. The country is short of three million doctors, he says, and staffing his hospitals is becoming increasingly difficult.
July 20, 2016
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