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Parkway buys majority stake in India’s Global Hospitals

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05-Aug-15 Malaysia's IHH Healthcare Bhd, through its wholly-owned subsidiary Parkway Holdings, is reported to have acquired a 74% stake in Hyderabad-based Global Hospitals Group for an equity value of INR1,800 crore (USD277 mn). in March 2015 IHH acquired a 51% stake in Hyderabad-based Continental Hospitals. It also already owns a 10.5% stake in India’s Apollo Hospitals. [image: IHH Healthcare Berhad]

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ResMed to acquire China's Curative Medical

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31-Jul-15 Sleep disorder device supplier ResMed has signed a definitive agreement to acquire its Chinese counterpart Curative Medical. The announcement follows ResMed’s acquisition of CareTouch, a provider of internet-based solutions and therapy-focused resupply programs for home medical equipment providers, earlier in July. [image: ResMed]

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Vietnam lacks cash for satellite hospitals

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29-Jul-15 A Vietnam Ministry of Health plan to build additional satellite hospitals and upgrade existing ones now lacks money and qualified personnel. Two years ago, 14 central hospitals were chosen as core facilities responsible for transferring medical techniques to 46 satellite hospitals. To keep the scheme running, the Ministry wants local governments to allocate funds to upgrade satellite hospitals. [image: kcb.vn]

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Roche Diagnostics opens new HQ in Singapore

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28-Jul-15 Roche Diagnostics has opened a new Asia-Pacific headquarters and regional centre of excellence in Singapore. Diagnostics has been identified as a high-growth segment of the global medical technology industry and a focus area for Singapore. [image: Roche Diagnostics]

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Malaysia approves 11 MedTech projects

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20-Jul-15 In a bid to boost further Malaysia's burgeoning medtech sector, the country's investment authority has approved 11 medtech projects worth USD122 mn. Nine of the 11 projects are domestic investments by local companies, which include ABio Orthopedics, Straits Orthopedics, UWC Healthcare and Top Glove. [image: BioSpectrum]

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