Nova Stream


NMC shares suspended after CEO fired

Trading in the shares of scandal-hit NMC Health, the UAE’s largest for-profit healthcare provider, has been suspended. The move follows hot on the heels of the removal of the CEO, and the discovery of unauthorised off-balance sheet financing.

BDMS makes offer for Bumrungrad

Thailand’s largest private hospital operator Bangkok Dusit Medical Service (BDMS), the biggest shareholder in Bumrungrad Hospital (BH), has launched a tender offer for the remainder of the shares it doesn’t own.

Mexican clinic boosts low-income patients by monetising quality

With the help of a results-based financing mechanism, Mexico's largest specialised diabetes provider Clínicas del Azúcar has doubled its number of patients from the poorest segments of society and tells HBI it can now double the locations for potential clinics. We speak to its CEO and the co-creator of 'social impact incentives' about how to monetise extra value in impact investing.

Shetty quits NMC board

London-listed NMC Health founder B.R. Shetty has quit the company's board along with several other major shareholders and Shetty appointees. Is he about to launch a take-private bid for his company?

IHH looking to sell outlying assets

The new CEO of IHH Healthcare is considering divesting some assets as he shifts strategy to focus on geographical clusters. Which of its 80 hospitals could face the block? HBI examines.

Indian healthcare budget “meagre and insignificant”

HBI hears India's healthcare budget has disappointed operators and commentators alike and fallen short of what the country needs to achieve all its UHC ambitions. Announced last week, it was meant to double to 2.5% of GDP, but will only reach 1.15%. We speak to a senior executive at an operator source and break down what's changed and what the system still requires.

Mediclinic cleared to buy hospitals in South Africa

EMEA hospital group Mediclinic International has been cleared to acquire three hospitals in South Africa, after the merger was initially blocked by competition authorities. Does this signal the start of the Big Three hospitals "mopping up" the remaining c.20% of the market?

KKR targets NMC as Shetty and Butti asked to step back from company board

KKR has approached under-fire international healthcare group NMC Health with a view to making a takeover offer, NMC confirms. The London-listed firm has also asked founder BR Shetty its other major shareholder, Khaleefa Butti, to absent themselves from board discussions until their holdings have been clarified.

Dr Lal Pathlabs acquires two labs

India's largest diagnostics chain by revenue, NSE-listed Dr Lal Pathlabs, is acquiring two pathological laboratories for a total of around $1m (€900m).

Exclusive: IFC-backed HHI acquires AAR Healthcare

IFC-backed holding company Hospital Holding Limited (HHI) is close to acquiring AAR Healthcare after it received approval from the Kenyan competition authority, HBI can exclusively reveal.

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