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Hospitals

 

Interview: Abhay Soi, Chairman, Max Healthcare 

An outsider who doesn’t believe in “old answers” and wants to ‘’do things differently’’, Soi, 46, has big plans for the about-to-be-merged Max and Radiant businesses. The large Indian hospital chain is backed by private equity firm KKR-with 12 large and metro-based hospitals and 4 day-care centres, with 2019-20 expected sales of INR 4,200 crores (US$631m), making it second only to Apollo He talks exclusively to HBI about his plans and where he sees growth. 
October 23, 2019

Unilabs and Ribera Salud JV loses lab outsourcing contract

BR Salud, the Spanish JV owned by Unilabs and Ribera Salud, has lost its multi-million euro public contract to the country's fourth-largest lab group Analiza. It was worth, HBI estimates, 15-20% of Unilabs' Spain revenue.
October 18, 2019

Medsi set for Russian clinic chain acquisition

Russian publicly-traded investor Sistema and its healthcare network Medsi is in talks with Russia’s largest insurance private company AlfaStrakhovanie to buy 100% of its Alfa Health Center clinics, according to the Russian press.
October 18, 2019

Private equity conquers Southeast Asia as Metro Pacific Hospitals trade

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.
October 18, 2019

A poacher turns gamekeeper: Austrian health care reform     

After 19 years as a health care services expert working as an investment banker, analyst and consultant, Martin Brunninger has returned to his native Austria to become director-general for healthcare and social care. In this role, he is responsible for reforming the entire health and social care system under the new reformist conservative coalition government which came to power in December 2017 and is likely to hold power for a few years. We talk to Brunninger about the likely changes and his change in role.
October 18, 2019

Interview: Artem Sirazutdinov, Sistema and Medsi

By any measure, Sistema backed Russian healthcare network Medsi is doing rather well. Its most recent financial reports saw H2 revenue growth of over 40%, and the company continues to grow geographically. HBI caught up with Artem Sirazutdinov, chairman of the Medsi Board of Directors and a managing partner at Sistema, to find out more.
October 9, 2019

Government won’t win price control battle

The Indian government is unlikely to manage to control hospital pricing, despite its battle over stents and other consumables. And none of the big hospital groups are embracing the government's low-cost scheme to cover 50m families.
October 4, 2019
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