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News

Flat revenues lead to share drop for Mediclinic

Mediclinic's shares dropped 4% as its recent struggles were highlighted in a trading statement published Tuesday, October 17, covering the six months to September 30.  Revenue was flat - and underlying EBITDA down by 5%.

Saudi group enters PPP to manage medical centre in Russia

Saudi-based healthcare management organisation Interhealth Saudi Arabia entered into a private-public partnership to operate a 350-bed paediatric rehabilitation centre in Kazan. Healthcare Europa speaks to a source close to the company.

Indian groups seek new areas as government price ceilings hit profits

Government regulations mean hospitals have been forced to cut their charges for drugs and devices in that cardiology and orthopaedics. Pacemakers are to be hit next, with falls of 50-70% in pricing. These price cuts apply even for wealthy private patients paying cash. Small wonder the largest player, Apollo Hospitals, is down 29% on the year with Fortis off 18%. So how are Indian hospital groups reacting?

Advent sells its shares in Fleury

Private equity firm Advent International has sold all of its shares in Fleury S.A, the second-largest diagnostic laboratory group in Brasil, pocketing 1.3 billion real ($408m).

NMC Health goes on spending spree in Saudi Arabia

UAE-based NMC Health is expanding in Saudi Arabia with two hospital acquisitions and two recently-approved greenfield developments. We speak to the company about these acquisitions and future expansion plans.

Warburg Pincus eyes stake in Indira IVF

Yet another investor has taken a liking to the fast-growing Indian fertility sector with global private equity firm Warburg Pincus set to pay more than US$100m for 20% of the Indira IVF chain.