Change is afoot for private hospital operators in the GCC with mandatory insurance rollouts and private sector-friendly reforms offset by squeezed margins and an exodus of foreign nationals. More big US non-profits have followed in the footsteps of their peers Cleveland and Mayo and investors are pouring money into new developments in some markets - but steering well clear of others. Here is our round-up after several weeks interviewing local sources for HBI Intelligence.
The GCC's private hospital sector had a highly volatile second half of the 2010s despite being the target of huge foreign investments in the first. Public data shows huge fluctuations in annual growth in 2014-2019 across Bahrain, Qatar, Kuwait and Dubai, UAE.
Kuwait's private hospital market is undergoing a seismic change. Private insurance for local retirees, rolled out in late 2016, now accounts for a third of sales while in 2019/20 the government launched a PPP to move blue-collar foreign nationals out of the public system.
GHP, a listed provider of specialist clinics in Scandinavia and hospitals in the Middle East, increased revenue and EBITDA in 2020 despite the difficulties caused by the pandemic. HBI talks to CEO Daniel Ohman to find out how.
NMC acting CEO Michael Davis speaks publicly for the first time about the future of under-fire NMC Health. In this exclusive interview, we ask about a possible sale of all or part of the business, and whether and how NMC might recover from its present position.
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.
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.
Healthcare Nova speaks to Erik Koornneef, UAE-Based head of Watson Health at Cognit Technology Solutions, an AI solutions provider established as JV between Mubadala and IBM Watson with the aim to enable the adoption of artificial intelligence in the MENA region.