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Coronavirus compounding expat exodus in GCC countries

The population of GCC countries is set to fall by up to 10%, according to a report by global forecasting and quantitative analysis group Oxford Economics, as coronavirus encourages the largely foreign workforce to leave. HBI speaks to a source in the Gulf to find out how this might effect the insurance / healthcare market there.
June 11, 2020

Alvarez & Marsal to sell NMC’s fertility arm

NMC Health Plc’s administrators have started selling off parts of the business according to Bloomberg with an auction of the fertility business as early as June. Consultants Alvarez & Marsal who are handling the business have invited bids for NMC’s distribution business according to the article. Potential acquirers have been asked to submit offers this […]
May 14, 2020

Health care service write-offs drive losses at Bupa

Bupa, the global healthcare insurer and healthcare operator went from pre-tax profits of £502m in 2018 to a loss of £78m in 2019, thanks mainly to huge write-offs in its UK dentistry business and Australian care homes. But stripping out write-offs, underlying profitability still plunged 31%. Revenue rose just 4%. Why, and what does this tell us about Bupa and its future?
March 11, 2020

NMC identifies $335m side deals and sacks CEO

In an announcement put out after trading, the independent review board appointed by NMC has identified side deals on procurement worth US$335m with the founders for which NMC is liable and that were made without board approval. It has also removed Mr Prasanth Manghat from his position of Director and CEO of the Company with immediate effect.
February 26, 2020

Aster DM acquires UAE homecare start-up

Hospital and outpatient provider Aster DM, present in India and six GCC countries, has acquired a medicalised homecare start-up in the UAE. We get insight into this market from CEO of GCC provider Manzil Healthcare.
January 8, 2020

Manzil plans 2020 expansion in Middle East and South East Asia

UAE-based medicalised homecare provider Manzil plans further expansion this year in Kuwait, Saudi Arabia and Singapore - its South East Asian (SEA) springboard from which it hopes to gain a presence in the wider region. We interview CEO Dr Sarper Tanli on business strategy.
January 8, 2020

FREE BLOG Healthcare REIT interest ever stronger and unswayed by operator woes

Long leases and attractive yields are the cornerstones of healthcare real-estate which have greased the wheels of investments over the last 10-15 years. More healthcare-specialised funds are emerging now as laws open markets up to foreign capital and fund managers look to decrease investor risk.
December 12, 2019

REIT buys NMC hospital in Saudi Arabia

A real estate investment trust (REIT) has acquired a hospital building in Riyadh, Saudi Arabia, operated by London-listed EMEA group NMC Health.
December 5, 2019
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