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KPJ to focus on Malaysia and exit other markets

Listed Malaysian hospital group KPJ Healthcare is selling non-core assets it holds outside of Malaysia to focus on its Malaysian hospital segment. It has already fully exited Indonesia and plans to fully exit Australia within the next two years, and may also exit Bangladesh. It still has a hospital in Thailand which it has no plans to sell, as it is focused on medical tourism - a key part of the company's strategy going forward. The company reported strong results for 2023, with revenue up 19% and core net profit up 61%.
February 23, 2024

Affidea buys dental clinic in Spain and expands in Italy

Pan-European imaging and diagnostics firm Affidea has bought an advanced dental services clinic in Spain - the first such acquisition by the group - as well as two polyclinics in Italy. HBI understands the dental acquisition is part of the group's long-term strategy to move away from only providing diagnostic imaging to being more of an integrated care platform offering a range of outpatient services.
February 23, 2024

FREE BLOG What’s the solution for the looming dementia wave? 

Currently there are no treatments for dementia. Money is flooding into drug discovery in the pursuit of greater understanding and a possible treatment, but in the short to medium term there is little that can be done but provide care and attempt to delay the severity. 
February 23, 2024

Fullerton founders charged with bribing insurer

The three founders of Asia-Pacific occupational health care provider Fullerton Healthcare have been charged for paying bribes to the (now former) CEO of insurance and professional services firm Aon Singapore. A regional source tells us this is an example of the risks that come with having a more free-wheeling private health sector.
February 21, 2024

How fast are Europe’s PE-owned care groups growing?

Rapid expansion is taking place across many of Europe's largest PE-owned nursing home groups. We've compiled data on growth in the revenue, number of facilities and number of beds for ten of EMEA's largest PE-owned nursing home groups.
February 16, 2024

German hospital sector turmoil may ultimately benefit for-profits

For-profit hospital groups in Germany are not immune to the cost pressures which are causing many public hospitals to become insolvent. But the CEO of Germany’s fourth largest group, Ameos, tells us the restructuring of Germany’s hospital sector is necessary, and that for-profit groups may ultimately benefit by gaining greater market share.
February 16, 2024

Kry continues to build health network

Livi, the UK and French brand of Sweden-based digital health and primary care provider Kry, has extended its contract with insurer Vitality. The group’s COO explains why partnering is key to digital-first providers.
February 16, 2024

IHH scraps IPO plans for Indian lab

Pan-Asian hospital giant IHH Healthcare is aborting its plans to IPO its India-based indirect subsidiary Agilus Diagnostics - which was proposed in late summer last year - due to “commercial considerations”.
February 16, 2024
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