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China spends trillions on healthcare

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29-Apr-16 China has spent RMB5.64 tn (USD871 bn) since 2009 to improve its healthcare system. The health budget for 2016 is RMB1.24 tn (USD191 bn) and the average annual growth of medical input has surpassed 20% over the past seven years. [image: SCMP]

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Japanese public-private team to build hospital chain in China

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26-Apr-16 The Japanese government will work with medical device maker Nihon Trim to set up a chain of hospitals in China, to promote medical exports while helping to alleviate the shortage of facilities there for treating lifestyle diseases. Mitsubishi Corp and other major companies are considering contributing through such steps as developing meals for diets designed to prevent diabetes. [image: Reuters]

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Raffles Medical Group eyes expansion into Chinese cities

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25-Apr-16 Singapore's leading private medical provider, Raffles Medical Group, is seeking opportunities to open hospitals and medical centers in China's top cities. The group plans to open a 400-bed facility in Shanghai in 2018, adding to existing clinics in seven cities in China, including Shanghai, Beijing, Nanjing and Dalian. [image: Nikkei Asian Review]

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Singapore's Luye Medical aquires Australia's third largest private healthcare group

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24-Apr-16 Australia's third largest private healthcare group, Healthe Care, officially became a member of Luye Medicals Group Pte Ltd (Luye Medical Group) after the acquisition from Australia's Archer Capital Fund was completed. Through this acquisition, Luye Medical has leapfrogged into the ranks of the largest international private medical groups in the region. [image: Luye Medical Group]

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Malaysia's IHH enters Eastern Europe

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21-Apr-16 IHH Healthcare, Asia's largest hospital operator, said that its Turkish subsidiary will invest EUR76 mn (USD86 mn) in healthcare facilities in Bulgaria. Istanbul-based Acibadem has signed deals to acquire wholly Tokuda Hospital. Separately, Acibadem also entered into a sale agreement for a 33% stake in City Clinic. The combined entities will become the largest private healthcare operator in Bulgaria. [image: IHH Healthcare Berhad]

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