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Medanta hospital chain to IPO

Global Health Limited, the operator of Indian multi-speciality hospitals under the Medanta brand, is seeking market regulator approval for an initial public offering (IPO). This comes amid high investor interest in healthcare facilities after the Covid pandemic.

HBI: Lessons learned from COVID in South Asian Hospitals

South Asia’s healthcare systems were hit hard by Covid. A panel of advisors, investors and operators at HBI 2021 shared their experiences of reacting to COVID and discussed how it had presented opportunities to do things differently.

Clove on track for record quarter despite Covid

India's largest dental chain, Clove Dental, is hitting record revenues and on track for its best quarter ever despite Covid. HBI caught up with Clove chairman and co-founder Louis Shakinovsky at HBI 2021 to find out more.

HCG sells Strand minority stake to Reliance

Indian oncology hospital group HealhCare Global Enterprises (HCG) has sold its minority stake in life sciences company Strand after buying in full its oncology lab and clinical trials business.

Asia Healthcare Holdings raising $350m

TPG-backed operating and investment platform Asia Healthcare Holdings (AHH) is reportedly raising $350m for acquisitions in specialist healthcare. 

Apollo’s $3.2bn pharmacy arm selling stake after spin off

Apollo Hospitals, India's largest hospital group by revenue, has spun off its pharmacy and digital business into a new subsidiary and appointed banks to sell a 15-20% stake. Amazon was considering a $100m stake in the division at the end of last year as India's online pharmacy sector continues to see a glut of investment with rival PharmEasy also targeting a $9bn IPO.

One in ten of India’s medical tourists are Afghans

Ongoing unrest in Afghanistan is cutting off medical tourism to Indian hospitals, where the cohort makes up 11% of international patients. Indian hospitals have previously done good business treating middle-class Afghans.

Market welcomes strong Q4 for Max, despite Covid-related revenue drop in FY21

The market welcomed a strong Q4 performance from India's second-largest for-profit hospital chain by revenue, Max Healthcare, last week. Record-breaking Q4 EBITDA appears to have offset any potential market concerns that could have arisen from reporting a drop in revenue, and a resurgence of COVID, especially around the capital.

Mitsui mulls buyout of $13bn IHH Healthcare

Japanese conglomerate Mitsui is considering a buyout and de-listing of IHH Healthcare, the $13.4bn-valued pan-Asian hospital operator in which it holds a 32% stake, according to reports. Its share price has declined in the last five years amidst perennial problems in Turkey and India.

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