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%.
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Physicians in GCC countries - and UAE in particular - are ordering more tests than can be justified by clinical pathways and guidelines. It's a practice known as laddering, and it's costing insurance companies in the Middle East a fortune.
October 16, 2017
Indonesia's fifth largest conglomerate has signed a deal with a Chinese state-owned investment group to spend $1bn building healthcare facilities in China.
October 12, 2017
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.
October 11, 2017
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?
October 4, 2017
There are clear signs that the World Bank increasingly favours working with the private sector in healthcare services. But there is a way to go yet and British NGOs remain intransigent.
October 3, 2017
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).
September 28, 2017
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.
September 28, 2017
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.
September 26, 2017
The Dubai-based private equity group has had its 52.6% stake acquisition in Kenyan hospital chain Avenue Group approved by the country's antitrust watchdog.