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IHH becomes a major player in India

The largest Asian hospital chain, IHH Healthcare Berhad, has acquired Global Hospitals, India’s fourth largest group, in a deal which takes IHH’s Indian revenues to a run rate of around INR 12bn ($181m) in calendar 2015 with over 1,800 beds. The deal saw IHH pay INR 10.2bn for a 73.4% stake and inject a further […]

FREE BLOG Private healthcare mirrors education

Education and healthcare are the two services most necessary for human development. It has traditionally followed, moreover, that they are best provided by the state. In the developed world we now take state provided healthcare and education for granted, regardless of our opinion on their quality, and private provision is the exception, not the rule. Yet across Africa, South Asia and some parts of the Middle East this is far from the case.

Bupa growth strongest in emerging markets

The global healthcare group Bupa, experienced rapid growth in markets as diverse as Saudi Arabia, Hong Kong and Chile. It continues to make acquisitions across emerging markets, as well as launching new healthcare insurance products and distribution agreements. Global sales rose 7% to £4,916m from the first half of 2014, at constant exchange rates (CER), or 3% taken at actual exchange rates (AER). Underlying profit before taxation hit £253.3m, an increase of 2% at CER, or a fall of 3% at AER. In a wide-ranging interview, CEO Stuart Fletcher, spoke to Healthcare Nova about the results and Bupa’s future plans.

FREE BLOG What can we learn from Bupa’s results?

Taking a closer look at the strange and complex beast that is Bupa, may be intimidating, but it’s always worthwhile. With sales of almost £10bn a year, Bupa is larger than almost half the FTSE 100. In the siloed and slow-moving world of healthcare services, the results of this leviathan, present an opportunity to compare the performance of one company across countries, continents, sectors and sub-sectors.

UK care industry in “serious position,” says Bupa CEO

The CEO of Bupa, Stuart Fletcher, spoke of his concern for the UK care industry, after the latest half-year results revealed 10% fall in UK profits, despite a 7% rise in global revenue at constant exchange rates. Half year sales to 30 June, 2015 came to £4,916m, up 7% on the first half of 2014. Taken at actual exchange rates, sales increased by 3%.

UK care industry in “serious position,” says Bupa CEO

The CEO of Bupa, Stuart Fletcher, spoke of his concern for the UK care industry, after the latest half-year results revealed a 10% fall in UK profits. Sales rose 7% to £4,916m, at constant exchange rates, or 3% taken at actual exchange rates. Underlying profit before taxation hit £253.3m, an increase of 2% at constant exchange rates (CER), but a fall of 3% taken at actual exchange rates (AER).

Manipal moves into outpatient diagnostics

Manipal Education and Medical Group, part of the big Manipal hopsital group, is to buy south Indian diagnostics chain Medall Healthcare for about Rs 1,000 crore ($180m).

G Square sells Swiss dentist and buys a Dutch one

The auction of Zahnartzentrum, the largest Swiss private dentistry chain has ended with management buying back the minority stake held by private equity house G Square, the only private equity house to specialise solely in investing in healthcare services across Europe. Meanwhile, G Square has just bought a substantial stake in a very similar business in the Netherlands.

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