20-Feb-17 CDC Group, the development finance institution owned by the UK government, and Manipal Education & Medical Group have tied up to launch a INR500 crore (USD75 mn) corpus to invest in healthcare services beyond conventional hospital services. This partnership will invest in innovative opportunities in India, Africa and South Asia. The platform will target services like diagnostics and home-care services. [image: CDC Group]

16-Feb-17 Global investor TPG Capital is attempting the biggest M&A deal in the Indian healthcare industry through a consolidation of Fortis Healthcare and Manipal Health Enterprises. This would create the country’s largest healthcare services group rivalling current leader Apollo Hospitals. The deal-making is likely to be a multi-staged affair, possibly spanning over the next 18 to 24 months. [image: The Economic Times / Fortis]

14-Feb-17 The Indian government is planning to establish an exclusive zone for pharma and medtech in Bengaluru to give a boost to domestic production of these products under the Make in India initiative. Minister Mansukh Lal Mandaviya said the recent approval of the zone in Andhra Pradesh has attracted over 30 investment proposals. [image: Business Standard]

14-Feb-17 Japanese medical device producer Nipro will spend USD300 mn on a new factory in Vietnam, to meet rising domestic and foreign demand. The factory will make catheters and other products for dialysis for sale mainly in Japan and Southeast Asia. Nipro has relied on a Thai subsidiary to produce for these markets but has now decided to increase capacity. [image: Nikkei Asian Review / Nipro]

09-Feb-17 The Philippines' Ayala Corp has bought into a medical startup, adding some disruptive technology to its fledgling healthcare operations. The investment vehicle AC Health took a minority stake in Wellbridge Health, which owns the online pharmacy MedGrocer. "The investment of AC Health into MedGrocer fits well with both our pharmacy and health tech aspirations," said Paolo Borromeo, CEO. [image: Nikkei Asian Reveiw]