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Singapore: Hospital businesses attract PE interest

Columbia Pacific Management’s Asian hospital business is drawing interest from global private equity players including KKR, CVC and Carlyle, in a sale the U.S. investment company sees fetching about $2 billion, according to various new reports.

Columbia Asia is offering a portfolio of 30 mid-sized medical facilities, mainly in India and Malaysia, where healthcare spending is growing rapidly.

A successful deal would make it the biggest transaction in Southeast Asia’s hospital sector in nine years and one of the largest in Asia over the past decade, according to data from Refinitiv.

Posted on: 04/04/2019 UTC+08:00


News

Bangalore-based mfine, a health-tech artificial intelligence start-up from India, has raised $17.2 million in Series B funding.
Japan-based M3 has acquired a majority stake of Bengaluru-based Neuroglia Health, a provider of mobile and web-based applications for doctors and medical students in India.
Boston-based TA Associates, a global growth private equity firm, has completed a significant minority investment in Indira IVF, an infertility treatment provider headquartered in Udaipur, Rajasthan.
Digital integrated healthcare ecosystem MyHealthcare has raised $3 million from Sixth Sense Ventures, as part of its ongoing Series A fund raise.
Technology company NEC Australia has secured contracts worth more than A$23 million to enhance information and communications technology interconnectivity within the Western Australia public health system.
Chicago-based recruitment company Professional Diversity Network has announced it intends to enter into the health and wellness industry in China.
Home care booking services portal CaregiverAsia and house-call doctor app Speedoc have entered into an agreement to cross-refer their respective pools of doctors, nurses and other healthcare professionals to each other’s customers.
Jakarta-based healthtech start-up Medigo, founded in May last year, has raised seed funding from Venturra Discovery, the new seed investment arm of Venturra Capital.



Analysis

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Edwin Tong, senior minister for health, explains how the Ministry of Health in Singapore is supporting the growth in the number of seniors with Alzheimer's.
Penny Wan, regional vice-president and general manager, Japan and APAC, Amgen, writes about the public health challenge of cardiovascular diseases.
French-based international ophthalmic optics company Essilor has signed Letters of Intent with the Royal Government of Bhutan and the Central Monastic Body to strengthen the country’s vision care infrastructure.
April Chang, country manager at Cigna Singapore, argues that wellness programmes at work can lead to reduced absenteeism, higher productivity and increased morale among employees.
Steven Fang understands how to set up a healthcare company. Not only is he chief executive and founder of ASX-listed oncology company Invitrocue, he was also the founder of Singapore-based Cordlife Group, a healthcare company which provides cord blood and cord lining banking services.
Imagine a world in which you can consult with your doctor via video. She asks for a blood sample, which can be collected and analysed from a device in your home. After that is diagnosed, the prescription is automatically sent to the pharmacy and Uber then picks it up. The time from diagnosis to drugs at your home is only 60 minutes.
The digitisation of health data through blockchain technology is a groundbreaking solution that will empower patients and provide them with better access to healthcare.
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