What exactly does medical tourism really mean? It says something for the state of the sector that this very simple question took up so much time at the IMTJ Summit in London this week.
Luz Saúde, the second largest Portuguese hospital chain, has more than doubled sales from medical tourism to €18m in seven years by bridging the cultural gaps between its Lisbon hospital and international patients, according to a presentation at the IMTJ Summit.
The Turkish government sees medical tourism as a key source of foreign exchange and has put in place measures to support the industry. Revenue from the sector is expected to contribute $20bn per year under the government’s 2023 vision, which marks 100 years since the birth of the Turkish state. Healthcare Europa ask what this means for the industry and who can be expected to benefit.
At the Africa Healthcare Summit in London last week, representatives from the continent discussed issues facing sub-Saharan Africa – that all healthcare stakeholders need to work together to provide quality care, that infrastructure needs improving and that Indian groups like Apollo and Fortis cannot continue poaching patients from central Africa.
UAE hospital group NMC Health has bought Eugin, the Spanish group which is Europe’s largest fertility clinic, with the aim of exporting its know how to build a fertility business in the Middle East. The move follows Chinese conglomerate Fosun’s acquistion of Espirito Santo Saude, the second largest Portuguese hospital group.
The Thonburi Hospital Group (THG), Thailand’s third largest private hospital chain, is expanding in Myanmar and Vietnam. Dr Boon Vanasin, chairman of the group, explains why South East Asia is a growing market.
Israeli private operators often look abroad for business opportunities, with medical tourism and telehealth as the most important trends. We speak to Barak Singer and Sivan Sadan, co-founders at Or Capital Healthcare Partners, a boutique Israeli investment firm specialising in healthcare.
The UAE’s largest private healthcare group, London-listed NMC Healthcare, is developing a series of ambulatory centres for minimally invasive surgery. These are part of NMC’s strategy to attract both medical tourists and top medical talent to the region. We speak to CEO and founder Dr Binay Shetty to find out more.
Clinica Eugin, probably Europe’s largest fertility clinic, is to be sold by private equity house ProA Capital, which hopes to double its money on the 2010 investment.
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