Two of Ramsay Sime Darby Malaysian hospitals have launched a food bank to support low income residents affected by the pandemic in the Klang Valley region.
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.
Sovereign wealth funds are making some big entrances and exits in the Asia-Pacific with bids closing in QIC-owned oncology player Icon Group and Singapore's GIC acquiring a minority stake in Sunway hospital group Sunway Healthcare.
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.
For-profit hospitals in Malaysia looking to provide a private Covid vaccination service are struggling to source vaccines. HBI talks to Dr Datuk Kuljit Singh, medical director at Prince Court Medical Centre and president of the Association of Private Hospitals of Malaysia (APHM), to find out more.
South-East Asian private equity firm Navis Capital Partners has bought a buy-and-build platform for hospitals across Malaysia, Aurelius Healthcare. It wants to own 10 hospitals before it exits.
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.
TPG Capital-backed TE Asia Healthcare Partners is looking to invest $90m over the next 18 months, targeting expansion in Singapore, Malaysia and Indonesia.
HBI understands that Malaysian/Indonesian hospital group Ramsay Sime Darby has appointed banks for a $300m IPO. One side of the JV says that expansion in healthcare is a key strategic focus, the other appears notably quiet about its investment in Asia. FY2020 saw profits drop for "the first time in many years" as COVID struck.
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