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HBI 2020: Emerging Markets – local trumps medical tourism

The IFC said at HBI 2020 that medical tourism in emerging markets is unlikely to normalise until the end of 2021. Providers say they are already doubling and tripling plans to build in domestic markets, rather than bringing patients to tourism hubs. 
December 21, 2020

Sub-Saharan Africa invests and insources during pandemic

The direct health impact of COVID-19 on sub-Saharan Africa has so far been significantly less than expected. But economic activity has fallen sharply and a vaccine impact is not expected until late next year. Panellists from Anadach, the IFC, Columbia Africa, AfyA Care and Nyaho Medical Centre talk about consolidation, supply chains and teledensity.
November 30, 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

COVID-19: The view from Africa

Africa needs to come together to find a solution to the COVID crisis, which has proved to be as much an economic one as a healthcare one - and cannot and should not rely on help from outside. This was the view of an expert panel which convened online to discuss COVID-19, healthcare more generally, and African economics.
October 15, 2020

Even prenatal admissions are down in Kenya

Small and medium healthcare facilities across Sub-Sarahan Africa are facing liquidation with Africa Healthcare Federation reporting an average 40% revenue drop in March. Even the maternity sector, which has held steady in Europe, has seen fewer admissions in Kenya.
May 29, 2020

Investors for Health opens door to all serious emerging market investors

All emerging market health-care investors are welcome to join Investors for Health (I4H), a newish community of 30+ investors including development banks, private equity, venture capital and impact funds. The group aims to jointly focus on private healthcare development in emerging markets with a focus on equity and alignment with universal healthcare cover. It next meets at HBI 2020, April 20-22, London. Its formation reflects a quiet revolution in the role of for-profit healthcare and its importance in bridging the World Health Organisation's estimated $686bn funding gap in low-and-middle-income countries to achieve the United Nation’s Sustainable Development Goal #3 (“Ensure healthy lives and promote well-being for all at all ages”).
March 4, 2020

Exclusive: IFC-backed HHI acquires AAR Healthcare

IFC-backed holding company Hospital Holding Limited (HHI) is close to acquiring AAR Healthcare after it received approval from the Kenyan competition authority, HBI can exclusively reveal.
February 3, 2020

Debts stacking up for NHI schemes

Nearly three years after the CEO of Ghana's National Health Insurance Authority (NHIA) declared it "almost bankrupt", its President claims that his party has cleared the GHS1.2bn ($200m) debt. The country isn't alone in having stacked up debt: HBI looks at the arrears of NHI schemes across emerging markets.
December 19, 2019
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