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China's Sinocare to acquire PTS Diagnostics in the US

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03-May-16 China's Sinocare Inc has signed a purchase agreement privately-held PTS Diagnostics for up to USD200 mn in cash. PTS is a US-based manufacturer of biometric testing devices. "Together, our future will be centered on transforming preventative medicine, biometric testing, and connectivity by providing fast, easy, portable, and accurate medical devices and information management systems,” said Robert Huffstodt, CEO of PTS. [image: Sinocare Inc.]

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Healthcare IT in India now a USD1 bn market

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30-Apr-16 The Indian healthcare IT market is valued at USD1 bn and likely to grow by about 1.5 times by 2020, according to a report by industry body Nasscom. The report said the healthcare software segment generated revenues of USD97 mn and is likely to grow at 11% over the next five years. [image: Governance Today]

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Carestream Health mulls cloud platform in China to bolster efficiency

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22-Apr-16 Medical imaging company Carestream Health will build a cloud platform to establish a new clinical ecosystem in China. The company is discussing the project with several large hospitals and IT companies including Alibaba, with whom Carestream has already announced a partnership. The aim is gradually to provide complete medical IT solutions via the platform. [image: Carestream Health]

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Singapore: An emerging hub for medical devices

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20-Apr-16 Singapore’s medical devices industry is aiming to hit SGD5 bn in manufacturing output. The government is targeting up to 1 mn foreign patients a year, which will contribute SGD2.6 bn (USD1.6 bn), or about 1%, to Singapore’s GDP. Already there are 30 global medical technology companies, including the industry’s leading manufacturers, with operations and R&D in Singapore. [image: Asian Briefing].

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