07-Mar-17 Singapore-based EDBI and Royal Philips aim to accelerate their joint investment alliance and partner with more innovative companies in the digital health sector. This ambition is in line with Singapore’s latest focus to strengthen its position as a leading digital health hub. CXA Group, the employee benefits and wellness marketplace platform, is the first to receive funding from the alliance. [image: Singapore Business Review]

07-Mar-17 Tech Mahindra said it would buy US healthcare IT services provider, the HCI Group, for an enterprise value of USD110 mn, as it looks to increase its presence in the healthcare space. “Healthcare is one of the few sectors globally that is driving adoption of digital technologies," said CP Gurnani, CEO of Tech Mahindra. [image: The Indian Express]

06-Mar-17 IHH Healthcare, Asia's largest hospital operator by market value, has sold a USD160 mn stake in Apollo Hospitals in a deal that will consolidate its investments in India. It operates >10,000 beds in 52 hospitals across 10 countries, with Malaysia, Singapore, Turkey and India making up most of its MYR10 bn (USD2.2 bn) revenue in 2016. [image: The Economic Times]

04-Mar-17 Philippine conglomerate Ayala is planning 500-bed general hospitals in suburbs of Manila, aiming to streamline healthcare services by integrating large facilities with a network of small clinics. QualiMed's first flagship hospital will open no later than 2019. A second large hospital will be added around 2021. QualiMed eventually aims to deploy the hospital-clinic business model in the Visayas and Mindanao. [image: Nikkei Asian Review]

23-Feb-17 Penang Chief Minister Lim Guan Eng wants to make Penang into a medical city with excellent hospitals, highly trained doctors and affordable care. The government seeks to bring in foreign and local investment to enhance healthcare facilities. Lim explains: "medical tourism is booming in Malaysia... Investment is important to reinforce Malaysia’s position as the number one medical tourism destination." [image: Investvine]