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Malaysia's IHH sells 30% of unit to Chinese insurer

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14-Nov-16 IHH Healthcare, the largest Malaysia-based hospital operator by market capitalization, has divested a 29.9% stake in its indirectly held unit PCH Holding to Chinese firm TK Healthcare Investment. IHH's subsidiary, Parkway Group Healthcare will still hold a 70.1% stake in PCH Holding. PCH, formerly known as Parkway China Holding, holds a chain of clinics and hospitals in China. [image: IHH Healthcare]

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First combined hospital and trauma center for Philippines

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11-Nov-16 Brooklyn-based Carlos Arnaiz Architects has announced plans for a hospital and trauma center in Baler, Philippines. As the first combined Hospital and Trauma Center in the country, the project will improve medical support in this remote area. With a daily patient capacity of 75 people, it will feature maternity wards, imaging, operating rooms, a chapel and a café. [image: CAZA Architects]

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Biomedical industry development project approved in Taiwan

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11-Nov-16 The Taiwan government plans to invest NTD11 bn (USD374 mn) in the biomedical industry in 2017 to develop large-scale healthcare firms, new drugs and new medical devices. The project aims to relax investment and recruitment regulations to lure and retain foreign capital and talent, and to encourage local businesses to acquire international companies and develop foreign markets. [image: CNA]

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Top 8 outbound medical tourism hotspots for China's affluent

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20-Oct-16 By 2020, over 800,000 Chinese are expected to head overseas for medical and healthcare treatments. While China’s super wealthy favour the US or Europe, China’s middle-class prefer more affordable options in Korea, Singapore or Thailand. Eight booming medical tourism destinations include the US, Japan, Germany, UK, Singapore, Thailand, Korea and India. [image: Juwai]

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FairMedOnline expands into global medical tourism and acquires Caremondo

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09-Nov-16 FairMedOnline, a digital healthcare company based in Singapore offering medical second opinions for patients across the world, has acquired the medical tourism platform Caremondo. Caremondo allows patients to compare and book medical, dental and aesthetic treatments in 160 healthcare facilities in over 20 countries. [image: Travel Daily News]

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