News About Nova Stream

 

Minority stake in $2bn Metro Pacific could put IPO back on the table

Investment firm Metro Pacific Investments Corp (MPIC) is reportedly preparing to sell a minority stake in its hospital business, the largest in the Philippines, in a deal that would value the company at $2bn or 15.8x 2019 expected EBITDA. HBI sources speculate that it could be the run-up to an IPO.

The race to genetic testing in Africa

Pan-European lab company Synlab is launching a 'wellness centre' in Nigeria three months after doors opened on a similar facility in Madrid.

Indian hospitals building fewer beds

India's hospitals have all but stopped building beds in Tier I cities in the past two years, instead investing in smaller cities. HBI explores new bed growth data. 

Hapvida acquires second rival this year

Brazilian HMO Hapvida has acquired smaller rival Grupo América as it rolls its expansion strategy out across the country. HBI talks to a market source to find out more.

Israeli homecare provider finds success in China

Natali, the Israeli homecare market leader provider, now has more than 10m individual customers in China. We talked to the CEO, Nimrod Altman about Natali's business model and plans.

Ping An launches comprehensive care platform

China's biggest online healthcare services provider is moving its business model towards more personalised care with the launch of a comprehensive care online platform.

All change at IHH as CEO departure announced

Pan-Asian hospital group IHH Healthcare has announced its CEO will change at the end of 2019, a refinancing of up to $250m of non-Lira debt and its Fortis deal boosted Q1 2019 results, while its Turkish subsidiary Acibadem is reportedly eyeing an investment in London.

Singaporean group IPOs as it targets digital solutions

Alliance Healthcare Group, provider of primary care and specialist clinics, has joined around 16 Singaporean healthcare services companies listed in Singapore, in preparation for a digital overhaul of its healthcare services. We speak to a finance expert and the CEO of a digital healthcare platform about the move.

Opportunities in LATAM

Panellists on the LatAm panel at HBI 2019 see good opportunities in the region thanks to booming demand, particularly as demographics shift from rural to urban bases, and with the growth of the chronic and elderly care markets. Increasing use of digital health tools and better data, plus the growth of the consumer market are also seen as positive factors for the market.

Ugandan government guarantees $380m loan for private hospital

The Ugandan government has sparked public outcry by guaranteeing a $380m loan to a private contractor from Italy to build and run a private hospital outside the capital Kampala. The country is estimated to be spending around $200m a year on treatment abroad, the majority on travel and non-medical expenses, and a few years ago […]

Improving insurance and pricing models in South East Asia

Both overtreatment and lack of access in South East Asian healthcare systems are pushing stakeholders to find innovative solutions to improving care. At HBI 2019 we heard key insights into these challenges from investor Fosun Healthcare Holdings and the CEOs of two care providers, teleconsultations platform MyDoc and homecare specialist Lotus Eldercare.

Does Value Health have a future?

Value health is the revolutionary idea pioneered by Harvard guru Michael Porter. He had the temerity to suggest providers should be rewarded for quality, rather than activity and that the patient should be viewed and consulted as customers. Invented in the early noughties, it hit a high water mark 7-8 years ago when Obamacare was rolled out incorporating the concept. Then it felt like an inexorable river.

TVM in JV with Ukrainian rehabilitation group

Dubai-based TVM Capital Healthcare has invested in a joint venture with a Ukrainian group whose founder pioneered a method of cerebral palsy rehabilitation. It is not the first Middle Eastern player to splash on East European rehab expertise.

Can Americans at TPG understand Emerging Market health care?

Private equity giant TPG Capital has signed a definitive agreement to manage now-defunct Abraaj's $1bn healthcare fund. Some investors may want a re-pivot towards greenfield projects in countries like Pakistan and Nigeria, we are told, while existing portfolio and fund staff may be growing frustrated at the Americans' slow decision-making.

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