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10% price hike cap on most medical devices in India

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11-Mar-17 In India, the prices of all medical devices except for stents, condoms and intrauterine devices can only be raised by up to 10% a year, the National Pharmaceutical Pricing Authority said. The regulator also clarified that all medical devices notified as drugs under the Drugs and Cosmetics Act will have to carry their maximum retail price on their packs. [image: ET Healthworld]

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Columbia Pacific acquires Serene Senior Care in India

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10-Mar-17 Seattle-based Columbia Pacific, owner of Columbia Asia Hospital Group, has acquired Serene Senior Care, a leading player in the housing segment for senior citizens in India. Columbia Pacific said it will significantly expand its senior housing portfolio over the next five years. It currently operates 735 units in South India, and plans to expand to 1,700 units by fall 2017. [image: Corp Expansion]

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Medical tourism is big business but still an emerging market

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10-Mar-17 Indonesia is likely the largest outbound medical travel market, according to Josef Woodman of Patients Beyond Borders. “Indonesia’s healthcare infrastructure is generally poor and about 1.5 to 2 mn Indonesian medical travelers go to Southeast Asia or Australia,” he said. China is also one of the largest medical tourism markets as many Chinese travelers look for better healthcare. [image: Skift]

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Cnoga Medical raises USD50 mn from China's BOE

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09-Mar-17 Chinese company BOE has invested USD50 mn in Israeli company Cnoga Medical. BOE is a Chinese laboratory equipment company that wants to establish itself as a leader in the medical sector. Cnoga has developed a series of devices for non-invasive measurement of a range of health parameters through optical diagnosis of the changing color shades of a finger. [image: Globes]

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Singapore to invest SGD24 mn to help fill 9,000 jobs in healthcare

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09-Mar-17 With 9,000 workers needed over the next three years, the Ministry of Health (MOH) will invest an additional SGD24 mn to attract more Singaporeans, in particular mid-career professionals, to take up a job in healthcare. Among the 9,000 needed, about half are Professional, Manager, Executive and Technician (PMET) roles such as nurses, therapists, administrative executives and operations managers. [image: SGH]

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