HBI hears rumour that Mayo Clinic, one of the biggest global brands in healthcare, is about to close an agreement with the Abu Dhabi government to manage a 700-bed hospital. Mayo tells HBI unequivocally this is not correct.
Arab Health never seems to get any smaller. HBI travelled to Dubai and spoke to some of the 84,500 attendees and 4,150 exhibiting companies. But, strip out the hoop-la, and what is really going on at ground level? Here are our main takeaways from the four-day long event:
Two of Europe’s biggest healthcare companies which were widely expected to IPO imminently are now, we hear, ruling out this year. Why the delay – and what does this tell us about the state of a slowing market? HBI speaks to an operator CEO and investment banking sources.
Despite widespread global criticism for his politics, president Jair Bolsonaro has inspired confidence in the private sector. The Brazilian stock market Bovespa reached record highs last week after climbing steadily for the last six months. Why is private healthcare not seeing more benefit, and how does it need to reform? We speak to two experts in Brazilian healthcare to find out more.
We talk to the advisor behind the largest ever all-share merger in Nigeria's hospital sector, which recently closed, combining an Abraaj-owned group with a Lagos hospital. The deal coincides with the city's mandatory insurance rollout, a reform that could be helping to prompt a surge in new capacity where Nigeria most needs it.
Bahrain is due to follow its richer neighbour, the UAE, by implementing a mandatory insurance programme this year. Yet its far lower GDP and population could make it difficult for large hospitals to flourish in the region. HBI speaks to two GCC experts about how legislation will change the healthcare landscape.
Abu Dhabi's Mubadala Investment Company has acquired long-term, post-acute and home care group Amana Healthcare from existing shareholders. It comes as Dubai adopts DRG payments in the hospital sector this year which should propel the post-acute sector upwards, and the group tells us it is set to open a facility there imminently.
Global dialysis operators Diaverum and Davita have renewed their contracts with the Saudi Ministry of Health for another five years. The deal leaves Diaverum free to proceed with its plans to IPO / go forward to a private sale and comes in the same week as a new portable dialysis device had its US market entry fast-tracked by the FDA. Is it a threat?
Investment bank Jefferies is predicting a 55% uplift to Mediclinic International's share price after reviewing its Abu Dhabi and UAE sites and concluding it stands to benefit more from upcoming changes in the local payor environment than competitor NMC Health.
Indian hospital groups Radiant Life Care and Max Healthcare look set to merge, with Radiant backer KKR to be the dominant shareholder with "around 50%" meaning it might not have control of the new group. It could be the third major merger this year.