26-Jan-17 Verily, the Alphabet subsidiary formerly known as Google Life Sciences, has raised USD800 mn in funding from Temasek, the Singapore government investment company. "Proceeds may be used to support our growth in key strategic areas, including potential acquisitions, investment in partnerships and developing new opportunities on a global scale," according to a spokesperson for Verily. [image: Verily]

22-Jan-17 The healthcare construction market in the GCC appears to be growing at a steady rate as various high-value projects are being developed. There are 709 healthcare construction projects with a value of USD65 bn, out of which 133 are worth over USD100 mn. These projects make up almost 80% of all healthcare projects in the region. [image: World Health Organization]

18-Jan-17 Private equity firms and hedge funds are investing heavily into China’s healthcare industry in a bet on the sector’s upbeat growth potential. Private hospitals and drug makers are among the bright spots for investors focusing on China, where rising income and an ageing population are boosting the demand for quality medical services. [image: South China Morning Post]

11-Jan-17 American medical device contract manufacturer Paramit Corp announced the opening of its new facility located on mainland Penang in Malaysia. The site will be the region’s largest manufacturing facility for complex medical devices, realising sophisticated systems for genetic and molecular testing, robotic surgery and cancer treatment, and will also serve its current industrial products customer base. [image: The Star / Asri Abdul Ghani]

11-Jan-17 With Malaysia emerging as the number one country in the world for healthcare, the government is working to secure MYR1 bn (USD225 mn) to expand its medical industry. Already doing well in medical tourism, Penang would be focusing on turning itself into a medical city. Malaysia was recently named number one in the world for healthcare by International Living magazine. [image: Free Malaysia Today]