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Malaysia

 

Columbia Pacific Management sells Southeast Asian business and targets Africa

Seattle-based Columbia Pacific Management has agreed to sell Columbia Asia's Southeast Asia hospitals for $1.2bn cash and has kicked off a separate sale process for the Indian hospitals, sources familiar with the matter tell us. It is also planning to replicate its Asian success story in Africa, starting in Kenya, HBI can exclusively reveal.

IHH buys hospital from major shareholder

Pan-Asian hospital group IHH Healthcare Berhad is further consolidating its strong position in Malaysia with the acquisition of a substantial private medical centre in its capital, Kuala Lumpur.

Big hospital deals in Asia close to completion

A deal to buy pan-southeast Asian hospital group Columbia Asia has reportedly been agreed, while The Philippines' largest private hospital group's dual-track process is rolling on with a prospectus filed and second-round bids in.

Interview: Julian Andriesz, CEO, Verita Healthcare

The massive latent demand to live longer is being tapped by a new generation of health care providers. British entrepreneur Julian Andriesz, 53, made a first fortune building business in SE Asia and got into prevention after watching his mother die of ovarian cancer, diagnosed late. He says his intention is to help his clients, whether they are healthy, have cancer or auto-immune diseases, to live longer, better lives. Verita has a chain of 10 clinics, believes its digital health disease prevention and management platform is about to become the largest in the world and owns IP, and research and manufacturing in Europe, Asia and Australia.

Capio deal turns Ramsay into majority-European-revenue company

Ramsay Health Care, the hospital group spanning Australia, SE Asia and Europe grew revenues 24.4% to US$7.7bn in the year to June 2019 although four-fifths of growth was from the Capio acquisition. Over half of its reported sales now come from Europe, the UK segment has improved while a German divestment is still on the cards.

How insurers are delivering preventative care through tech

HBI speaks to Hong-Kong-based insure tech startup CareVoice about how its solution supports insurers to deliver more bespoke plans in China, following its $10m Series A. As most global insurers are trying to pivot from being gatekeepers to caregivers, can solutions that provide preventative support help?

Interview: Dr Jacob Thomas, chairman of Ramsay Sime Darby

The underbidder for Columbia Asia's South and SE Asia's hospital chain which had a $2bn price tag, Ramsay Sime Darby brought together Ramsay's three hospitals in Indonesia with Sime Darby's three in Malaysia in 2013.  We talk to Dr Thomas about offering spare capacity to the public sector at a discounted rate, progress with large-scale PPPs, regulations, medical tourism and expansion plans.

IHH share price falls as Lira weakens

IHH Healthcare's share price fell 2.7% on the morning of Monday, July 8, as the Turkish lira weakened because of a high-level sacking by president Erdogan. The two might not be inextricably linked but it highlights the inherent risk to the Turkish business.

EQT to buy out Singapore-listed group as EBITDA plummets

Private equity giant EQT has offered to buy out the public shareholders of Health Management International, a hospital and outpatient group in Malaysia and Singapore, in partnership with its major founder-shareholders. The buyers cite startup costs from a recent acquisition and capital needs being better sought privately as reasons for the move.

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