Ramsay Sime Darby, the South East Asian branch of multinational Australian hospital giant Ramsay, may be up for sale again. The previous sale process to Asia’s largest multinational hospital group IHH Healthcare Bhd was ditched back in September.
The pandemic exposed the fragility of supply chains in emerging markets, and their overdependence on international networks. As delegates at the IFC’s conference in Cape Town, South Africa heard last month, there is a renewed appetite in Africa for self-sufficiency and a coordinated shift towards regionalisation.
KPJ Healthcare Bhd, Malaysia’s second largest for-profit hospital group by revenue, is to sell its Indonesian hospital operations to rival Columbia Asia Healthcare. This will mark its exit from the country. Luxembourg-based PE firm CVC Capital Partners is reportedly considering buying a minority stake in the group.
Providers in Southeast Asia have made a pronounced push towards primary care in recent years - but it hasn’t been all plain sailing with logistical challenges and high costs to contend with. Singapore and the Philippines are leading the way, as attendees at the recent IFC conference in Cape Town, South Africa, heard.
Dubai and Singapore based private equity firm TVM Capital Healthcare is raising a new emerging market fund which will invest in non-hospital health care assets in the South East Asia region. The fund has a target of $200m and is expected to make its first investment in the first half of 2023.
Asia's largest for-profit healthcare group IHH Healthcare has made a buyout offer to Malaysian-based hospital group Ramsay Sime Darby Health Care (RSDHD) of US$1.35bn.
Short-staffed private hospitals in Malaysia are assisting public providers in the fight against Covid, by taking swathes of additional patients from public hospitals for capped fees.
Private equity firms Coalition Capital Partners and Warburg Pincus are reportedly short-listed to acquire South East Asian healthcare services provider Fullerton Healthcare Group for $1 billion.
TPG Capital-backed TE Asia Healthcare Partners is looking to invest $90m over the next 18 months, targeting expansion in Singapore, Malaysia and Indonesia.