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Healthcare startups go to China, India & Singapore to flourish

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08-May-16 Venture funding in healthcare globally reached a record USD4.5 bn in 302 deals in 2015, a four fold increase since 2011. A new generation of healthcare startups, focussing on the consumer market, has been gaining rapid ground. China, India and Singapore have become hotbeds for healthtech start-ups, most about doctor and clinic discovery. [image: Deal Street Asia]

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Fitbit and Alibaba sign MoU to expand reach in China

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28-Apr-16 Fitbit, the leader in connected health and fitness, and Tmall.com, China's largest third-party web platform, owned by Alibaba, have signed an MoU to expand Fitbit’s reach in China. The partnership will introduce the Fitbit platform to hundreds of millions across the country. "Since 2014, we’ve seen steady growth in the market," said Woody Scal, Chief Business Officer at Fitbit. [image: Fitbit]

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Electronic monitoring to slash waiting times at Hong Kong clinics

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05-May-16 An electronic system could save patients millions of hours in queues at public sector clinics in Hong Kong. In 2014/15, each patient had to wait two hours on average. The system tracks the patient from arrival to the time they enter the consultation room, and queue status is updated on a screen informing patients how long they have to wait. [image: South China Morning Post]

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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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