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Myanmar groups fight back against medical tourism

It is estimated that Myanmar loses 100,000 patients and $200m a year to medical tourism, says Soe Myint, founder of the local Family Mandalar hospital group. Foreign groups such as Indonesia’s Siloam and Thailand’s Thonburi, have been drawn in. Siloam is investing $1bn in Myanmar over the next ten years. But local groups are fighting back.
July 6, 2015

Interview: Sudi Narasimhan, Corporate Director of Marketing and Business Development at Bumrungrad Hospital Group

Bumrungrad is a world leader in medical tourism and has effectively leveraged Thailand’s many advantages in this sector. Unlike its competitors, it has focused on high-end tertiary care from a single campus. Narasimhan leads us through the history of the group, the secret to profit margins of 20%, the changing dynamics of medical tourism and the future of the Thai market.
July 3, 2015

IHH and Thai groups to split ASEAN market

Thailand’s large hospital groups look set to dominate the market in the North ASEAN (Association of South-East Asian Nations) region according to a number of analysts. But IHH, the giant Malaysian healthcare operator, has a strong position in South ASEAN. Growing integration in the region would benefit both as they tap the thriving medical tourism industry.
June 9, 2015

Interview: Dr Peter Cole, managing partner at Lancet Laboratories

South African diagnostic lab group Lancet is consolidating the African lab market, expanding into 12 countries in 12 years. We speak to managing partner, Dr Peter Cole, about the South African healthcare services market generally, the different African markets and the challenge posed by European and Indian competitors.
June 9, 2015

GIC buys stake in Rede D’Or

The Brazilian healthcare market continues to open up with the Singaporean sovereign wealth fund, GIC, buying a stake in the hospital group, Rede D’Or. Valor Economico, a local newspaper, says it has taken a 15.3% stake, with the bank BTG and the founding Moll family selling equal parts. A price of $1.01bn (3.2bn reals) values the company at $6.6bn.
June 2, 2015

FREE BLOG Cross-Border Investment Will Transform Global Health Systems

Globalization—whether you like it or not—has been the major force shaping markets for industrial goods for the past century. Until recently, services, including health services, were largely domestic businesses operating in national markets. Today, technology has given us the ability to tap knowledge workers regardless of geographic locations, creating a global market for services writes […]
May 14, 2015
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