22-Feb-17 International Finance Corp, the investment arm of the World Bank, plans to invest up to USD60 mn in Indonesia-based IDS Medical Systems, the largest Southeast Asian medical device distributor and supply chain manager. The funding will help IDS complete a USD130 mn project and expand operations by growing in existing markets and selectively entering new markets in Asia. [image: IDS Medical Systems]

22-Feb-17 Virtual Reality (VR) is gaining traction in Hong Kong medical care as universities and hospitals increasingly adopt it for patient rehabilitation and medical professionals training. As VR gets cheaper, more physicians, scientists and other medical practitioners use VR in diverse medical disciplines including rehabilitation, robotic and minimally invasive surgery simulation, and immersion therapy such as for depression and phobia. [image: Healthcare Innovation]

22-Feb-17 Embattled Japanese electronics maker Toshiba is selling its 65% stake in medical equipment leasing company Toshiba Medical Finance to Canon for JPY3.14 bn (USD28 mn). It has been selling off lucrative businesses such as its computer-chip operations. [image: Koji Sasahara / AP]

22-Feb-17 Romanian healthcare is undergoing considerable reform and development. Both public and private healthcare are expected to improve, expand and develop. Private health networks continue to attract foreign investment. Regina Maria, the second largest player, carried out six investments in 2016. MedLife, the biggest private medical services provider, recorded turnover up 29% and made several acquisitions. [image: Pulse / LinkedIn / Jackie Bojor]

21-Feb-17 India is emerging as a hotspot for medical tourism with arrivals of foreign tourists on medical visas showing phenomenal growth in the last two years. 2013 to 2015 witnessed growth of 140 percent, to 134,000 visits in 2015. The majority of patients are from the Middle East, Africa, Bangladesh, Afghanistan, Maldives, Pakistan, Bhutan and Sri Lanka. [image: Business Standard]