Qatar

 

Healthcare yet to suffer from Qatarstrophe

Saudi Arabia and its Gulf allies cut ties with their neighbour Qatar last week sending shock waves through the region. Business confidence has suffered - but we heard today the private healthcare industry has little to fear.

UAE homecare group Manzil expands to Qatar

TVM Capital-owned Manzil Home Health Services, which provides homecare services in the UAE and Egypt, has entered Qatar and eyes further expansion in Saudi Arabia and Turkey. Hoda Abou-Jamra, co-founder of TVM Capital Healthcare Partners, explains why those markets are very different.

Al Borg attracts interest

Three Gulf-based private equity firms are reportedly interested in buying a minority stake in Al Borg Medical Laboratories, the largest player in Saudi Arabia. We report on Al Borg’s expansion plans.

Dunyagoz to strengthen its hospital network

Turkish ophthalmology group Dunyagoz, which runs 22 centres in Turkey and Europe, is expanding to neighbouring countries and beyond. It is looking at Iran and Russia and is launching two new hospitals in the Netherlands and Azerbaijan in June 2016. We speak to CEO Koray Ozbay about the group’s strategy.

Contrasting healthcare markets in the GCC

Too reliant on revenues from the petroleum industry, the GCC countries are pushing for economic diversification – and competing for foreign investment. As a result, the healthcare industry is seeing major government incentives and huge PPP projects. We look at how Saudi Arabia, the UAE and smaller Gulf states are drawing investors.

Exuberant international expansion

Operators in Emerging Markets are increasingly moving into other countries, often nations halfway around the world. There is a big IPO pipeline to fund all this growth. And investors like TVM Capital and Abraaj are planning massive greenfield site developments.

Newly branded Avivo Group plans $300m expansion across five Gulf countries and 2017 London IPO

Pan-Gulf expansion could be the new business model for big private operators. We talk to Amitava Ghosal, the CEO of Avivo, the new name for Healthcare Mena, the operator backed by private equity house Al Masah Capital about his plans. He wants to expand out of the UAE and Kuwait and into Qatar, Oman and Saudi Arabia with a specialist outpatient clinic chain. Future steps include hospitals and SE Asia.

NMC aims to become regional leader

London-listed UAE hospital chain NMC Health is to invest $325m into Qatar and Saudi Arabia in the next two years. Although the group acquired Spanish fertility clinic Eugin in February 2015, this announcement indicates NMC sees growth closer to home. Competitors Aster DM and Al Noor also have big plans.

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