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Saudi Arabia

 

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.

Puzzles in Aster DM’s red herring prospectus

Middle East and Indian hospitals to pharmacy chain Aster DM’s red herring IPO prospectus begs as many questions as it answers. Why is EBITDA so low? Will its founder escape criminal charges? Why does it not include full financial year data? So how can it be worth 16,000 crores (an eye watering $2.4bn), that is more than Narayana and Fortis put together?

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.

Saudi German valued at $1.57bn

The Saudi hospital group, Saudi German, has seen its shares rise 15% to 73.5 Saudi Riyals since it milked the Tadawul for US$471m last month. With just 788 beds, Saudi German, also known as the Middle East Healthcare Company, is valued extraordinarily highly; it made profits of US$89m on sales of US$881m in 2014, the last full year for which figures are available.

Saudi healthcare plans – as clear as mud

We've outlined Saudi Arabia's ambitious plans to outsource all aspects of healthcare provision to the private sector. But operators tell us that there is little clarity. Announcements that ex-pat doctors of more than ten years standing may be kicked out aren't helping.

Saudi’s five-year PPP plan

Plans to implement mandatory health insurance and expand capacity with new PPP contracts were laid out by Dr. Ibrahim Al-Omar, former Deputy Minister at the Saudi Ministry of Health, at our 2016 Breaking Barriers conference.

The cost of getting culture wrong in long-term care

Cultural issues are at the forefront of the difficulties in running and investing into long-term care in emerging markets. At the Healthcare Business International 2016 conference, the CEOs of Senior Assist, Belgium’s third largest care home operator and a player in Latin America and Turkey, and TVM Capital, a private equity firm investing in rehabilitation in the Middle East, shared their views on the sector.

Aino Health enters roll-out phase in Europe and the Gulf states

Finnish preventive care group Aino Health Management Oy is entering an aggressive roll-out phase by expanding in Europe and the Middle East. Already in Finland, Sweden, Germany and the UAE, it is in talks to enter Saudi Arabia as part of a $54m deal –and potentially the UK in 2017.

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