12-May-16 Parkway's new hospital was to provide a 250-bed private facility in downtown Yangon. The previous government had approved the project, saying it would improve healthcare standards, but that decision has been reversed by the Lower House. Some parliamentarians, medical practitioners and citizens argued that as it is on government-owned public land, the hospital should be a public facility. [image: Myanmar Insider]

08-May-16 Venture funding in healthcare globally reached a record USD4.5 bn in 302 deals in 2015, a four fold increase since 2011. A new generation of healthcare startups, focussing on the consumer market, has been gaining rapid ground. China, India and Singapore have become hotbeds for healthtech start-ups, most about doctor and clinic discovery. [image: Deal Street Asia]

05-May-16 Work has started on the construction of a medical high-tech center that specializes in endoscopic surgery and digestion treatment at the Saint Paul General Hospital in Hanoi. “The center will be built following European standards and will become the country’s leading endoscopic surgery facility that satisfies the increasing demand for examination and treatment of people in Hanoi,” Nguyen Khac Hien, the city’s health department director, said. [image: VNS]

03-May-16 China's Sinocare Inc has signed a purchase agreement privately-held PTS Diagnostics for up to USD200 mn in cash. PTS is a US-based manufacturer of biometric testing devices. "Together, our future will be centered on transforming preventative medicine, biometric testing, and connectivity by providing fast, easy, portable, and accurate medical devices and information management systems,” said Robert Huffstodt, CEO of PTS. [image: Sinocare Inc.]

03-May-16 In the past five years, government expenditure on public healthcare services has increased by nearly 50%, to some HKD68 bn (USD8.8 bn) this fiscal year. The Government has earmarked HKD200 bn (USD26 bn) for a 10-year hospital development plan, including building new public hospitals and redeveloping existing ones. This will increase public hospital beds by about 20% to 32,000. [image: news.gov.hk]