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Australian health care firms eye Asia for growth

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11-Sep-15 Australia’s third-largest for-profit hospital operator, Healthe Care, and cardiac testing firm Cardioscan, say that a tough operating environment in Australia means successful operators could expand more profitably overseas. Cardioscan recently introduced its myPatch Holter wireless heart monitor to Hong Kong. Healthe Care, which is set to be put up for sale, says it could work well with a Chinese owner. [image: The Australian]

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Hamstrung by red tape, hospital operators buy their way into India

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10-Sep-15 Parkway Pantai, a unit of the world's second largest healthcare group by market value, IHH Healthcare Bhd, intends to use acquisitions to expand in India, where the private hospitals market is estimated to be worth USD55 billion a year, but companies must obtain as many as 70 clearances from federal and local authorities to launch a new facility. [image: Reuters / Shailesh Andrade]

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Shenzhen encourages new TCM hospitals

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10-Sep-15 Shenzhen aims to establish five to eight new Traditional Chinese Medicine (TCM) hospitals by 2020. The clinics will get the same preferential policies regarding drug pricing and hiring employees as other health care providers under a program that health authorities hope will bring quality hospitals and doctors to the city. [image: 39Clinic]

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Dr Reddy’s to move beyond drugs with VC arm

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04-Sep-15 India's Dr. Reddy’s new venture capital arm is considering 20 business proposals, including a chain of dental clinics and health-diagnostic laboratories, and is likely to back one or two as part of a plan to transform India’s second-largest drug maker into a broader health-focused company. [image: Mint]

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Korean medical companies sign 15 MOUs with China

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04-Sep-15 Korean medical companies will speed up their entry into China, having secured a bridgehead into the telemedicine market by inking agreements with Chinese partners. Other agreements will allow Korea to export more drugs and biotech to China. These developments will help Korea become one of the top seven healthcare powers within five years. [image: Business Korea]

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