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Interview: Neeraj Garg, CEO of Apollo Health and Lifestyle

How is Apollo expanding its outpatient presence and building businesses in diabetes, maternity and diagnostics? We talk to Neeraj Garg, CEO of Apollo Health and Lifestyle Ltd (AHLL) about his chain of 90 clinics and about AHLL’s acquisition of Nova Speciality Hospitals, a chain of ten ambulatory surgery clinics. How will AHLL expand in India, the Middle East and Africa?

Memorial attracts private equity

Memorial Hospital Group, a big Istanbul hospital, is about to announce a deal with a Middle East private equity group, according to a reliable source. This is the third deal in Turkey in a year - expect another wave as other Turkish groups seek to bolster their balance sheets....

National Bank of Kuwait eyes World Eye Centers

Turkish group Dunya Goz Hastanasi, which also trades as World Eye Centers, which claims to be the largest private eye hospital in the world, has confirmed that it has an offer to sell a 25% stake to the National Bank of Kuwait which it is considering. It plans to open centres in six news countries. In Europe it already has four examination centres in Berlin, Cologne, Amsterdam and Belgium....

Big Turkish chains Medical Park and Universal are close to finding investors

Medical Park and Universal Group, two big, heavily-indebted private Turkish hospital groups, are close to deals with new investors.  Carlyle Group is undertaking due diligence to purchase a stake of around 40% of Medical Park for $100m, whilst Universal will sell its Ege Saglik hospital in Izmir, plus other Black Sea hospitals, to an un-named fund....

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