As 2019 draws to a close, we map out international expansion by the private healthcare service sector over the year. It is a huge contrast with what happened last year.
Next year should be the year public teleradiology outsourcing in Saudi Arabia becomes viable, a GCC-based healthcare IT vendor tells HBI. But who will be providing the services?
Mediclinic-owned Swiss hospital group Hirslanden and German counterpart Sana Kliniken previously-announced cooperation on procurement has split opinion, with a source close to the companies saying it is "going to plan and savings have been generated" while a consultant tells it has been less successful. What is incontrovertible is that Hirslanden has parted ways with its head of procurement & supply chain after just a year in the job.
Pan-Asian hospital group IHH Healthcare is reportedly mulling the sale of its Indian hospital assets Global and Continental Hospitals, although the listed group has said no definitive decision has been made and tells HBI it is "committed to growing in India."
Global private equity firm KKR and Singaporean sovereign wealth fund GIC have agreed to co-invest nearly $700m in Filipino hospital group Metro Pacific Hospital Holdings Inc (MPHHI) as well as a bond issued by majority-owner conglomerate MPIC, pulling the plug on any immediate IPO. The Philippines is the last major SE Asian market to see big PE money enter its healthcare sector.
Soon-to-sell global dialysis provider Diaverum has bought an Albanian dialysis provider from investors and the country's dominant healthcare service group, marking its first entry into the small market. We talk to one of the selling party.
Korian has launched an integrated homecare platform, Oriane, which links both its domiciliary and medicalised homecare services. The group plans to reach revenues of €100m in 2023 and eventually deploy its new offer across its European markets. HBI hears from Korian's CEO and the director of its domiciliary care services.
Fresenius Helios-owned Spanish hospital group Quironsalud has acquired two more hospitals in Medellin, Colombia, and looks to be mirroring its Spanish strategy of building dominant positions in central urban markets. We talk to Fresenius Helios.
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