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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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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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Sumitomo opens new plant for high purity chemicals in Changzhou

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23-Apr-19 Sumitomo Chemicals and Dongwoo Fine-Chem have invested USD150 mn into a new project in China at the Changzhou National Hi-Tech District facility of Sumika Electronic Materials that will produce high-purity chemicals required in the semiconductor manufacturing process.

[image: ChemEurope]

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Gulf banking consolidation 'long overdue'

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22-Apr-19 The wave of M&A in GCC financial services is needed to raise efficiencies and build the scale required to increase investments in financial technology, as payment solutions are increasingly enabled by fintech, according to Rishi Kapoor, co-CEO of Investcorp. [image: ADCB / Handout via Thomson Reuters Zawya]

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