Healthcare Nova

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Saudi draft PPP law released

The Saudi Arabian government has released its draft PPP law. We look through the 50-page document which covers foreign ownership, labour laws and real estate, and speak to Colliers International's head of healthcare in MENA who tells us as far as the last of these is concerned, there is a pleasant surprise.

IHH seal deal for $1.3bn Fortis

India’s troubled hospital group Fortis Health has selected IHH Healthcare to take control of the company ahead of an alternative bid by rival TPG-Manipal.

China 2030 programme attracts European interest

Norwegian telemonitoring platform Dignio tells us it is among the European players vying for substantial contracts in China as the country begins its healthcare system overhaul.

Buyer found for troubled Fortis?

The fight for Fortis, India's second largest and arguably most troubled hospital group, could soon be over. Healthcare Nova hears from a well-placed India-based source that IHH Healthcare's binding offer to acquire 51% of the company is extremely likely to succeed.

At least six firms vying for Abraaj’s US$1bn healthcare fund

At least six firms are reportedly in the running to take over management of embattled Abraaj's US$1bn healthcare fund, including TPG, Colony Capital and Cerberus Capital. We talk to contacts in the emerging markets investment community, one of whom says as much as half of the portfolio's EBITDA could be in one country.

End in sight for saga of Fortis sale?

The race to buy under-fire Fortis, India's second largest hospital group, may be nearing the finish line. So who are the most likely purchasers and what is the timescale.