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Hospitals up for takeover after scandal at Abraaj

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 Insights

13-May-19 US private equity group TPG will take over and manage Abraaj’s USD1 bn healthcare fund, offering relief for Kenyan medical outlets into which the fund had pumped billions of shillings. Abraaj’s Kenyan portfolio includes 18 clinics and 10 hospitals. [image: NMG]

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US medtech firm opens instrument manufacturing facility in Singapore

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 Insights

03-May-19 PerkinElmer, an American medtech company, has opened its newest life science lab instruments and diagnostics manufacturing facility at the JTC MedTech Hub in Singapore. The facility is the company's largest instrument manufacturing facility globally. [image: Perkinelmer / The Straits Times]

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Egypt to introduce new comprehensive health insurance

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 Insights

22-Apr-19 Egypt will begin a rollout of its new comprehensive health insurance system in July 2019, to be rolled out over a 15-year period. the World Bank pledged USD530 million to a five-year initiative aimed at improving healthcare standards. [image: Reuters / Mohamed Abd El Ghany]

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KKR, CVC, other PE firms bid for Asian hospital business

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 Insights

19-Mar-19 Columbia Pacific Management’s Asian hospital business has drawn interest from global PE players including KKR, CVC and Carlyle. If successful, the deal would be worth USD2 bn and be the biggest transaction in Southeast Asia’s hospital sector in nine years. [image: The Star]

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China has big plans for fitness

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 Insights

12-Mar-19 Fitness has been a rising focus for influencers in China thanks, in part, to a push for healthier lifestyles. The country has a five-year fitness plan that would see spending of RMB1.5 tn (USD225 bn) by 2020. [image: Shutterstock / Retail In Asia]

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