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Private equity to enter Chilean payor-provider Masvida

Latin American private equity fund Southern Cross is doing due diligence to buy a majority stake in Masvida, Chile's fourth largest health insurer with an eight-clinic provider network. The plan is to compete with Banmédica and Bupa for national coverage, starting with 400 new hospital beds in 2017. We speak to president Dr. Claudio Santander about the business and we also look at valuations.

Interview: Andy Fischer, CEO, Medgate

Swiss teleconsultation provider Medgate recently partnered with healthcare fund Aevis Victoria. Founded in 1999, Medgate has grown annually at an average 32% and has grown from 100,000 teleconsultations in 2005 to 725,000 in 2015. Besides teleconsultations, it runs its own referral partner network with over 1,700 members plus two self-managed health centres in Switzerland. It has also set up franchises in Abu Dhabi, Sydney and Manila. We speak to CEO Andy Fischer to learn more.

Salauno continues expansion

Mexican affordable optha group salauno has raised 72m pesos (US$3.8m), 50m from GLA, the fund of the Laviada Diez-Barroso Family, and the rest from IFC, a branch of the World Bank, to spend on a new 3,000 square metre hospital and ten new clinics in Mexico city. Director General, Javier Okhuysen, also said a sale to a large group would be appropriate in a “couple of years time.”

NMC to enter India

India continues to draw Gulf hospital groups, as NMC looks set to follow in Aster DM and VPS Healthcare’s footsteps by buying Sunshine Hospitals of Hyderabad. The Emiratis will pay INR 4bn (US$60m) for a 65% stake in a group with around 500 beds that made EBITDA of INR 33.2m (US$0.5m) on sales of INR 1,572m (US$23.7m), in the financial year ending March 2015.

Dasa to buy Laboratório Gaspar

Brazil's market leader in labs and diagnostics Diagnósticos da América (Dasa) is buying Laboratório Gaspar for R$60m (US$17.5m).

Hong Kong operators eye mainland medical tourists

Hong Kong operators are expanding to mainland China to promote their brands and bring medical tourists to Hong Kong, according to Thalia Georgiou, founder of consultancy firm Asia Care Group. We look at how Hong Kong-based Townhealth, is building dentistry and cosmetic surgery networks on the mainland, one year after Chinese insurer China Life Insurance became its largest shareholder.

Apollo gets a foot in China

Indian hospital operator Apollo has signed a Memorandum of Understanding (MoU) with development firm Hainan Ecological Smart City Group (HESCG) to create a large healthcare facility, which includes both a hospital and medical college, in Hainan province.

Traditional medicine endorsed by South African doctors

A seemingly innocuous question on the continued role of traditional or faith-based healers in South African healthcare at the Africa Health conference, sparked a fascinating discussion on the practice, which cannot be funded by insurers by law, and yet is relied upon by many in a country, which a recent report found had the lowest life expectancy of 194 countries.

Life deal still some way off

Life Healthcare of South Africa is looking for acquisitions in attractive markets, but a deal is still some way off, says head of investor relations, Adam Pyle. Eastern Europe could offer synergies with Life’s Polish operation, he says, but so could South Asia or another Indian acquisition with Max Healthcare, Life's existing Indian venture.

Mobile health clinic for US$22,000

Clinic In A Can offers fully resourced, sterile and climate controlled medical clinics, with their own sources of water and power that can be shipped to any location in the world within days. They offer a radical solution to the widespread scarcity of basic healthcare infrastructure and equipment and a powerful tool for disaster relief, says Dr Michael Joseph Wawrzewski III, CEO and cofounder. Its shipping container clinics are now in 12 countries. He gave Healthcare Nova a tour.

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