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Flat revenues lead to share drop for Mediclinic

Mediclinic's shares dropped 4% as its recent struggles were highlighted in a trading statement published Tuesday, October 17, covering the six months to September 30.  Revenue was flat - and underlying EBITDA down by 5%.

Saudi group enters PPP to manage medical centre in Russia

Saudi-based healthcare management organisation Interhealth Saudi Arabia entered into a private-public partnership to operate a 350-bed paediatric rehabilitation centre in Kazan. Healthcare Europa speaks to a source close to the company.

Indian groups seek new areas as government price ceilings hit profits

Government regulations mean hospitals have been forced to cut their charges for drugs and devices in that cardiology and orthopaedics. Pacemakers are to be hit next, with falls of 50-70% in pricing. These price cuts apply even for wealthy private patients paying cash. Small wonder the largest player, Apollo Hospitals, is down 29% on the year with Fortis off 18%. So how are Indian hospital groups reacting?

Advent sells its shares in Fleury

Private equity firm Advent International has sold all of its shares in Fleury S.A, the second-largest diagnostic laboratory group in Brasil, pocketing 1.3 billion real ($408m).

NMC Health goes on spending spree in Saudi Arabia

UAE-based NMC Health is expanding in Saudi Arabia with two hospital acquisitions and two recently-approved greenfield developments. We speak to the company about these acquisitions and future expansion plans.

Warburg Pincus eyes stake in Indira IVF

Yet another investor has taken a liking to the fast-growing Indian fertility sector with global private equity firm Warburg Pincus set to pay more than US$100m for 20% of the Indira IVF chain.
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Insight & Interviews

Interview: Dr Asaad Riad, Egypt In-Touch Assistance

Foreign investors are looking eagerly at Egypt ahead of government reforms which will allow private providers to treat publicly funded patients. Healthcare Nova speaks to Dr Asaad Riad, general manager for Egyptian medical travel assistance and insurance company Egypt In-Touch Assistance.

Interview: Nico de Waal, CEO, PSG Alpha

South African investor PSG Alpha took a 50% stake in nursing home group Evergreen Lifestyle for US$50m this month. The elderly care opportunity in the country is huge, says CEO Nico De Waal, but the problem is knowing where to start with precious little to consolidate.

Black-owned healthcare investment company lists in Johannesburg, is on the hunt for acquisitions

RH Bophelo is South Africa's first black-owned healthcare acquisition company. It floated on the Johannesburg Stock Exchange in July, and thinks it has found its niche - targeting perviously uncatered for lower to middle income families, and consolidating the small players operating in a highly fragmented domestic market working in the shadow of the big three. Healthcare Nova caught up with CEO Quinton Zunga to find out more.

Interview: Teo Sarda, Sphera Global Health Care

Operating in 25 countries and across four continents, Sphera Global Health Care is building a global network of local expertise. Working mainly with insurers, the group acts as a middle man to assist access to international-standard medical services through local infrastructure – if it is not available. We speak to CEO Teo Sarda.

Interview: Wilson Mayora Mogollon, Colombian insurance union Fasecolda

Colombia has universal and generally well respected public healthcare coverage, yet there are still millions who take out private insurance. Healthcare Nova talks to Wilson Mayora Mogollon, who is responsible for healthcare at Fasecolda, the body which represents private insurance companies, to find out more about the market.
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Real solutions for retention and recruitment

Recruitment, retention and training are now the primary challenges for the healthcare services industry. The obvious solution to keeping staff - paying more – is no longer working. Private operators around the world are now fishing in a global market that's short of 15m healthcare workers. So what practical solutions are operators putting into force and what really works? We talk to 25 operators from across the world.

MBAs and executive training courses – are they worth the time and money?

You can’t become an expert in healthcare services overnight - but there are courses, MBAs or much shorter executive training courses - which say they can help to transform you or your staff into the next generation of healthcare managers, leaders and entrepreneurs. But can they really do this - and are they good value for money? Where should you send yourself, or your staff, to fill any gaps in knowledge that might be putting the brakes on a career? And does it matter if the management course isn’t focussed on healthcare at all?

Spotlight on labs: India and Brazil

We look at labs in India, and profile the big lab and imaging groups in Brazil. Future articles will also look at the sector in China and across SE Asia and Africa.

The future of healthcare in Nigeria: PPPs and the NHIS?

Healthcare investors generally take a fancy to Nigeria. Africa’s most populous country has a growing middle class and will one day finally put some distance between itself and South Africa as its largest economy. The petrodollars already flow freely into healthcare. But no one has bothered to keep them in the country: not the existing fragmented private sector, nor the government, which has other priorities – President Buhari has been treated in London, after all! So, surely, all that’s left to do is fly in, start a JV with a local partner, consolidate and cut off the medical tourism leak at source?

Latam countries thriving despite recession

Despite, or perhaps because of the recession, prospects for private healthcare services in Latin America are good. The financial crisis in public healthcare is forcing governments to rethink attitudes to the private sector and to open up the sector to external investors. And new, innovative models are emerging. In this 6,000 word report we give a detailed analysis of the six main markets – Brazil, Mexico, Argentina, Chile, Peru and Colombia, and over the next few days we'll be profiling those major players, country by country.

Universal health coverage and private health care: Friends or foes?

Universal Health Coverage is now explicitly targeted by the third sustainable development goal set out by the United Nations. Increasingly, governments around the world want to offer it to their citizenry. Where the capacity will come from is less certain. In this report, Healthcare Nova asks experts at the forefront of UHC schemes from India to Mexico, where UHC is today and what role the private sector should play in extending healthcare access to the poor?

Private insurers in East Asia: Between a rock and a hard place

Private medical insurers face colossal problems in China, India and across South East Asia. At this month’s Asia Healthcare Summit in Singapore, they were better at describing the challenges of culture, fraud and overtreatment than they were at coming up with solutions.
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