Gulf Islamic Investments (GII) has acquired an equity stake worth SR600m ($160m) in Abeer Medical Company, a large affordable healthcare provider in Saudi Arabia.
Last week, Amanat Holdings announced the return of Howard Podolsky to Cambridge Medical Rehabilitation Center. HBI caught up with the ‘new’ group CEO to hear about current challenges and opportunities in the Middle East and what is different this time around.
Ramsay Santé, the European branch of multinational hospital giant Ramsay Healthcare, has made a bid for listed Swedish specialty care provider GHP Specialty Care.
Change is afoot for private hospital operators in the GCC with mandatory insurance rollouts and private sector-friendly reforms offset by squeezed margins and an exodus of foreign nationals. More big US non-profits have followed in the footsteps of their peers Cleveland and Mayo and investors are pouring money into new developments in some markets - but steering well clear of others. Here is our round-up after several weeks interviewing local sources for HBI Intelligence.
The GCC's private hospital sector had a highly volatile second half of the 2010s despite being the target of huge foreign investments in the first. Public data shows huge fluctuations in annual growth in 2014-2019 across Bahrain, Qatar, Kuwait and Dubai, UAE.
Wren House, the investment subsidiary owned by the Kuwait Sovereign Fund, is about to buy French hospital group Almaviva Santé from Antin, reports say.
Kuwait's private hospital market is undergoing a seismic change. Private insurance for local retirees, rolled out in late 2016, now accounts for a third of sales while in 2019/20 the government launched a PPP to move blue-collar foreign nationals out of the public system.
GHP, a listed provider of specialist clinics in Scandinavia and hospitals in the Middle East, increased revenue and EBITDA in 2020 despite the difficulties caused by the pandemic. HBI talks to CEO Daniel Ohman to find out how.
NMC acting CEO Michael Davis speaks publicly for the first time about the future of under-fire NMC Health. In this exclusive interview, we ask about a possible sale of all or part of the business, and whether and how NMC might recover from its present position.
The population of GCC countries is set to fall by up to 10%, according to a report by global forecasting and quantitative analysis group Oxford Economics, as coronavirus encourages the largely foreign workforce to leave. HBI speaks to a source in the Gulf to find out how this might effect the insurance / healthcare market there.
Healthcare Business International users cookies to improve the functionality, performance, and effectiveness of our communications. Detailed information on the use of cookies is provided in our Cookies Policy. By continuing to use this site, or by clicking "I agree" you consent to the use of cookies.OkCookies Policy
