Financial intelligence for Asia's healthcare markets
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Ramsay Health Care, Australia’s largest private hospital operator, has reaffirmed market guidance for Q1. In a statement it said that “Ramsay’s large strategically diversified quality portfolio of hospitals continues to deliver admissions growth in line with its long term trend”.
ASX-listed Generation Healthcare REIT (GHC) has invested A$28.6 million (US$21.9 million) in the Epping Medical Centre in Epping, Melbourne. The investment is being made via a A$22.25 million secured first mortgage senior loan facility with a contracted return of 6% a year, and a A$6.4 million secured and guaranteed subordinated loan facility with a contracted annual return of 8%. This provides an initial blended return of 6.45%.
The Australian Foreign Investment Review Board has approved the A$1.7 billion (US$1.3 billion) takeover of GenesisCare, the country’s largest provider of radiation oncology, cardiology and sleep treatments, by a consortium made up of Macquarie Capital and Hong Kong-based China Resources Group.
Medical services group HC Surgical Specialists plans to raise S$8.1 million (US$5.8 million) listing on Catalist, Singapore’s junior board. It intends to sell 30 million shares at S$0.27 per share. Sponsor, issue manager and placement agent is PrimePartners.
Speaking at a scientific conference organised by Duke-NUS Medical School yesterday, Singapore minister for health Lam Pin Min said that the ministry intended to review regulations on healthcare services.
Top Glove Corporation, the world’s largest rubber glove manufacturer, has incorporated a new company in China called TG Medical (Putian) via its subsidiary Great Glove (Xinghua).
Singapore-based investment holding company GK Goh Holding has won the S$24.3 million (US$17.4 million) tender for a land parcel located at Venus Drive in Singapore. GK Goh subsidiary is planning a nursing home development on the land.
Alviedo Rodolfo Jr San Miguel has been appointed an independent director of International Healthway Corporation (IHC), a Singapore-listed integrated healthcare services and facilities provider. Since October 2012 he has been chief financial officer of solutions provider to the O&G sector Mencast Holdings.


The Philippines’ universal healthcare system will be limited in its ability to spur the growth of the healthcare sector, argues Ang Wei Zheng, pharmaceuticals and healthcare analyst for BMI Research in Singapore. While a high enrolment rate creates an upside risk to the Philippines’ healthcare sector – factors such as a lack of human resources, poor patient accessibility to clinics and hospitals and limited insurance coverage will all hold back growth in the healthcare sector.
Digital is gaining strength among physicians in China. A new study finds that innovative channels account for more than 60% of medical information acquired, argue Kantar Health’s Diana Tan and Adele Li.
Shares in troubled aged care operator Estia Health dropped as much as 9% in early trading yesterday after the company released a gloomy market update. The company revealed a lowered guidance range for 2016/17 of underlying EBITDA of A$86 million (US$65.5 million) to A$90 million. That is down from the down from the A$105 million it forecast just over a month again. The group also said that it would start to sell assets.
Whether they practice medicine in a hospital or a community clinic, healthcare workers are facing an exponential increase in the amount of patient information needed to effectively treat their patients. This will require the application of sophisticated big data techniques such as machine learning to process, analyse and surface information that will assist in creating more personalised healthcare plans.
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.

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Stock markets in Asia were mostly lower today after a weak performance on Wall Street last night, more hawkish talk about a December rise in US interest rates from the San Francisco Federal Reserve, and an overnight fall in oil prices. “Market depth remains thin, particularly among the lower liners and broader market stocks with the lack of interest likely to continue limiting the near term upsides,” was the conclusion of Malacca Securities in a note sent to clients this morning. The ASX was down 1.53%, the Shanghai Composite slipped 0.47% and the SGX fell 0.85%.

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