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Parkway Life REIT, which is owned by IHH Healthcare, has acquired five properties in Japan for ¥4.8 billion (US$42.2 million). It has bought four nursing homes and one group home from Marubeni Corporation, UBI Kabushiki Kaisha and UBI Capital Kabushiki Kaisha.
Chinese medical products conglomerate Shandong Weigao Group Medical Polymer has appointed Wu Xue Feng as chief financial officer. This follows the resignation of Cui Jin.
Singapore-based healthtech startup mClinica has raised US$6.3 million in Series A funding. The round was led by Silicon Valley based Unitus Impact and joined by London headquartered Global Innovation Fund, MDI Ventures of Indonesia, and Endeavor Catalyst of the US. Existing investors 500 Startups, IMJ Investment Partners and Kickstart Ventures also participated.
SGX-listed healthcare provider Healthway Medical Corporation (HMC) has warned that it expects to record a loss for the fourth quarter of the year and for 2016 as a whole. “The loss is mainly attributable to the significant impairment of certain receivables, as well as goodwill,” it said in a statement to the Singapore Exchange.
New Zealand-based cancer diagnostics company, Pacific Edge (PEB) has raised NZ$8 million (US$5.7 million) in a share placement. The placement was undertaken at no discount to market, with institutional and other select investors subscribing for new shares at A$0.50 per share, the market price of PEB shares on 14 February.
In its second announcement in a week, Dublin-based and ASX listed IT healthcare company Oneview Healthcare has announced a collaboration agreement with US technology giant Intel to accelerate time-to-market patient experience software.
Australian medtech company Medibio has appointed US-based Jack Cosentino, as CEO and managing director. Cosentino’s experience includes over 20 years of senior leadership and executive roles in medical device and medical technology companies.
Women’s healthcare specialist Singapore O&G (SOG) has followed its impressive H1 results last summer with spectacular full year results. It has reported a 64.8% rise in profits to S$8.8 million (US$6.2 million) on revenues that were up 74.7% to S$28.7 million.
Retirement village owner and operator Aveo Group has reported an 82% jump in statutory profit for the first half to A$121.2 million (US$93 million) and an 18% rise in underlying net profit after tax to A$53.9 million.
Shares in Capitol Health jumped 24% yesterday after the medical diagnostic imaging services provider reported better than expected interim results. It posted a 3% rise in revenues to A$80 million (US$61.4 million). At the same time, while H1 EBITDA was A$9.7 million, it is significant that radiology EBITDA was A$9.3 million, versus guidance of A$7.9 million.

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Markets in Asia were in a sceptical mood today. This followed a flat session on Wall Street after an idiosyncratic performance from US president Donald Trump at his first solo press conference. Most regional bourses pulled back after the recent stock market run. “We expect the market to remain choppy and largely on a sideway trend over the near term,” noted Malacca Securities in a note to clients this morning. The Nikkei fell 0.58%, the ASX slipped 0.22% and the Shanghai Composite fell 0.46%. A bright light was the SGX which was up 0.48% following a significant upwards revision to Singapore’s Q4 GDP figures.


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