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Canon agrees to buy Toshiba's medical equipment unit

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17-Mar-16 Canon Inc is to buy Toshiba Corp's medical equipment unit for JPY665.5 bn (USD6 bn). Canon, which makes X-ray machines and eye examination devices, has been trying for years to expand into high-margin medical devices, particularly as demand for traditional cameras has declined with the advent of smartphones. [image: Reuters]

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Vietnam spends USD3.4 bn on medication

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17-Mar-16 Medicine cost each Vietnamese USD37.9 on average in 2015, rising by 10% from the previous year and almost doubling the 2009 figure. Vietnam spends about USD3.4 bn on medication every year. [image: VNA]

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Prenetics raises USD10 mn investment led by China's Ping An

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16-Mar-16 Prenetics, a precision medicine company focused on personalized, predictive and preventive treatments, has announced a USD10 mn strategic investment led by China's Ping An Ventures. Other investors include Indonesia's Lippo Group backed Venturra Capital, Capital Union Investments and existing investors 500 Startups, COENT Venture Partners. [image: Prenetics]

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Australian private hospital admissions rising faster than public

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16-Mar-16 From 2010/11 to 2014/15, public hospital admissions increased by 3.2% annually in Australia, but 4.0% for private hospitals. 6 mn people were admitted to public hospitals in 2014/15 and 4.2 mn to private facilities. 57% of admissions did not involve surgery. The majority of surgical admissions (60%) occurred in private hospitals. [image: Finder]

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Bain Capital enters China

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16-Mar-16 Bain Capital LLC is paying USD150 mn for control of China-focused hospital operator Asia Pacific Medical Group, in the first deal for the private-equity firm’s new Asia fund. APMG provides primary care and specialty services, with a focus on neurology and oncology, and has four hospitals in China and a chain of clinics in Singapore and Malaysia. [image: Bain Capital LLC]

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