Financial intelligence for Asia's healthcare markets
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Rici Healthcare, a private general medical services group in the Yangtze River Delta, has priced its HK$1.02 billion (US$131 million) IPO at HK$2.56 per share. This is at the bottom of the HK$2.56-HK$2.82 indicative price range for the 397.6 million shares. Greenland Group came in as a cornerstone investor. BNP Paribas and Credit Suisse are the joint sponsors.
Bangkok Dusit Medical Services, the largest private hospital operator in Thailand, plans to build a holistic service medical centre called BDMS Wellness Clinic in the heart of Bangkok’s business district for Bt12.8 billion (US$370 million).
Neville Mitchell, CFO of hearing implant manufacturer Cochlear, will retire at the end of the financial year. He was part of the team that floated Cochlear in 1995 and has been CFO for 26 years. Cochlear will commence the search process for the new chief financial officer which will include both internal and external candidate.
Aier Eye Hospital Group has invested US$30 million in internet security company Qihoo 360 Technology ahead of a possible A-share listing. Qihoo delisted from Nadaq in a go-private deal.
SGX-listed Israeli medical and agricultural technology incubator Trendlines has reported that the US$16 million merger between its subsidiary ETView Medical and Copenhagen-headquartered Ambu has completed.
Pearl’s Hill Care Home (PHCH) was formally opened by minister for health Gan Kim Yong in Singapore yesterday. The 130-bed nursing home is the first nursing home operated by Vanguard Healthcare, which was set up by MOH to operate nursing homes. In 2014, MOH announced its intention to operate some nursing homes so that it can understand the operating challenges of the sector and catalyse the development of new models of care.
StemLife, Malaysia’s first integrated homegrown cord blood and adult stem cell banking and therapeutics company, will collaborate with Jerudong Park Medical Centre to collaborate with one another on the provision of stem cell banking services.
Healthcare furniture and equipment manufacturer LKL International has reported profits of M$1.6 million (US$388,000) for the first quarter of the year on revenues that were up 28.1% to M$11.9 million.


Managed healthcare provider Fullerton Health has lodged its preliminary prospectus ahead of listing on the main board of the SGX. The group is offering 140.3 million shares under an international offering and Singapore public offer, comprising 93 million new shares and 47.3 million vendor shares.
Demand for medical malpractice insurance by senior healthcare organisations in Singapore is forecast to grow by 40% over the next five years, according to AIG Singapore.
The market for private health insurance in China will surge fivefold to Rmb1.1 trillion (US$167 billion) by 2020 as middle-class and wealthy Chinese look for an alternative to the public insurance system. A new report by The Boston Consulting Group (BCG) and insurer Munich Re called “Opportunities Open Up in Chinese Private Health Insurance”, reviews the changing consumer expectations and government efforts to encourage more private health care options that are driving this substantial growth.
Southeast Asia is currently in the grip of the Zika virus – now a global health emergency, according to the World Health Organisation. The regional epicentre appears to be Singapore. Over the weekend, the total of those infected in the island reached 215, while the first cases have emerged in Malaysia and, late last night, in the Philippines.
It reads like a story from Sherlock Holmes or a locked room mystery. But the case of Mingyuan Medicare and the missing Rmb420 million (US$62.9 million) involves a boardroom coup, fake bank accounts, and a company that could well be brought low by circumstances beyond its control. It certainly leaves as many questions as it does answers.
China’s State Council has declared that healthcare big data is a fundamental, strategic national resource. Jun Wei and Roy Zou, partners at Hogan Lovells in Beijing, explain what the new regulations mean.
Elderly healthcare in the Asia Pacific region will cost more than US$20 trillion between 2015 and 2030, according to a new report released by professional services firm Marsh & McLennan Companies (MMC).
Michael Griffiths, regional director of healthcare at Aon Singapore, explains why the establishment of Singapore Medical Indemnity is important for doctors in the island state who want cover against malpractice claims.

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HealthInvestor Asia Summit 2016


Haven’t we been here before? It is all starting to feel a little Lehman Brothers 2.0. News that counterparties are reducing excess collateral held with Deutsche Bank, hedge funds are starting to pull their business and a further 6.7% fall in the German bank’s US-listed shares last night on record volumes, meant that there was very little risk appetite in Asia today. “Banking is a confidence game, and confidence has to be maintained at all costs or else the bank is toast,” said Wolf Richter, editor of the financial blog Wolf Street. Not even news of an OPEC plan to curb the output of oil could lift sentiment. The ASX fell 0.53%, the Hang Seng was down 1.72% and the Nikkei was off by 1.46%.

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