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News

Huami Corporation, a biometric and data-driven company, has inked a new partnership agreement with PAI Health, a health technology firm.
China’s Ascletis Pharma is set to be the first firm of its kind to float on Hong Kong’s stock exchange.
Japanese robotics firm Cyberdyne is to launch an $82 million fund that will invest in the healthcare and cybernic technology sectors, it said in a statement on its website.
Daiichi Sankyo, the Japanese pharmaceutical company, has moved to block the $1 billion sale of Fortis Healthcare to Malaysia’s IHH, triggering a slide in Fortis’ share price.
SGX-listed Acromec, which designs and builds medical and sterile cleanrooms, has secured another contract in the healthcare sector valued at S$2.9 million (US$2.1 million). It is expected to be completed by the end of the year.
Sydney-based 1st Group, the Australian digital health, media and technology group, has appointed Richard Rogers as chief financial officer. He joins from Lenovo Australia & New Zealand.
Asia-focused market expansion services provider DKSH is to sell its healthcare business in China to Warburg Pincus for SFr100 million (US$100.7 million).
Summerset Group, New Zealand’s third-largest listed retirement village operator, has said that it expects underlying half year profits to jump between 21% and 26% to NZ$43 million (US$29.4 million) and NZ$45 million.



Analysis

Ping An Healthcare and Technology, formerly known as Good Doctor, has signed contracts with nearly 200 large corporations, including Vanke, Greentown, Bank of China, China Telecom, China National Nuclear Power, Evergrande Group and provides services to nearly 1.5 million employees, covering 27 provinces, autonomous regions and municipalities.
Earlier this week, Cigna Corporation released the results of its 2018 Cigna 360° Well-Being Survey – Future Assured. The findings, which were tracked over a four year period, show rising awareness of the need to prepare for old age, which includes being continually active and financially independent. As a result, people are working harder today, and increasingly calling on employers to help in managing workplace stress.
Auckland-based ehealth software company Orion Health is to sell off two significant parts of its business to private equity technology investor Hg for NZ$225 million (US$150.7 million). The sale could revitalise a company that has struggled recently.
Aon’s inaugural Asia Healthcare Trends Report 2017/18 shows that although Hong Kong has a lower medical inflation rate than the average in APAC, it is the highest in Greater China.
Out of date and unsecure fax machines are still being used to share patient information between healthcare providers in Australia. Not only do fax machines cause frustration for healthcare providers trying to communicate with each other, they can also cause patient harm.
Health and well-being programmes are fragmented and do not meet the needs of stressed Asia workforces, finds Willis Towers Watson. By and large, employers in Asia still miss the mark when it comes to their health and well-being benefits, with many employees feeling that their needs are not met, according to research from the global advisory, broking and solutions company.
According to a survey of biopharma companies by L.E.K. Consulting, the majority of firms from Western Europe or the US are interested in China, specifically those at Phase 2 or later development.
Sara Jost, global healthcare industry lead at BlackBerry, explains that putting the systems and procedures in place to deliver a healthy and secure digital healthcare system will protect patient health information and support medical innovation.


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Markets

Stock markets in Asia continued to add to yesterday’s gains and mostly rallied today. They were led by the Nikkei. It bounced 1.5%, powered by the yen which hit a six-month low against the US dollar. Korea’s Kospi rose 0.9% and the Hang Seng added a respectable 0.48%. All good news, but the rally today was mostly relief. Investors are still waiting for China’s response to US threats to impose a 10% tariff on US$200 billion of products as soon as September. There are fears too that the US might double down, especially after China reported a significant US$29 billion trade surplus with the US in June. The Shanghai Composite was last seen off by 0.12%. But it is not all bad news. Last night US treasury secretary Steven Mnuchin hinted that he was prepared to return to the trade negotiation table. The US is “available”, he said, if China “wants to make serious efforts to make structural changes”.


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