Singapore

 

Interview: Julian Andriesz, CEO, Verita Healthcare

The massive latent demand to live longer is being tapped by a new generation of health care providers. British entrepreneur Julian Andriesz, 53, made a first fortune building business in SE Asia and got into prevention after watching his mother die of ovarian cancer, diagnosed late. He says his intention is to help his clients, whether they are healthy, have cancer or auto-immune diseases, to live longer, better lives. Verita has a chain of 10 clinics, believes its digital health disease prevention and management platform is about to become the largest in the world and owns IP, and research and manufacturing in Europe, Asia and Australia.
September 12, 2019

Interview: Dr Jacob Thomas, chairman of Ramsay Sime Darby

The underbidder for Columbia Asia's South and SE Asia's hospital chain which had a $2bn price tag, Ramsay Sime Darby brought together Ramsay's three hospitals in Indonesia with Sime Darby's three in Malaysia in 2013.  We talk to Dr Thomas about offering spare capacity to the public sector at a discounted rate, progress with large-scale PPPs, regulations, medical tourism and expansion plans.
August 29, 2019

Icon Group takes second punt at China

Australian oncology provider Icon Group has been proudly talking of its 'first' venture into China through a partnership with the Sanbo Brain Hospital Group. Yet in 2016 it announced a similar deal with Yibai Healthcare that failed to materialise. HBI speaks to CEO Mark Middleton about what's different this time around.
August 6, 2019

IHH share price falls as Lira weakens

IHH Healthcare's share price fell 2.7% on the morning of Monday, July 8, as the Turkish lira weakened because of a high-level sacking by president Erdogan. The two might not be inextricably linked but it highlights the inherent risk to the Turkish business.
July 10, 2019

EQT to buy out Singapore-listed group as EBITDA plummets

Private equity giant EQT has offered to buy out the public shareholders of Health Management International, a hospital and outpatient group in Malaysia and Singapore, in partnership with its major founder-shareholders. The buyers cite startup costs from a recent acquisition and capital needs being better sought privately as reasons for the move.
July 10, 2019

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.
June 20, 2019

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.
May 30, 2019

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.
May 29, 2019

Elderly care: mitigating the costs of rising dependency

The key question at HBI 2019's elderly care session was obvious: how do you mitigate the costs of increasingly medicalised care in light of rising dependency? LEK Consulting chaired an expert panel which included the CEO of Europe's largest nursing home group by revenue, Korian, and the CEOs of Nordic player Norlandia Health Care and Singaporean digital homecare platform Jaga-Me.
April 29, 2019

Everything digital at HBI 2019

If there was one overriding theme to come out of HBI 2019, it is that the future is digital - and in some cases, it's here. Ten per cent of Finland's population is registered to use Mehilainen's digital healthcare app, patients make 25k digital healthcare visits every month in Sweden, and 90% of the world's healthcare data has been created in the past two years.
April 25, 2019
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