24-Feb-17 BUPA Chile has entered into a cooperation agreement worth EUR8 mn with Siemens Healthineers in order to make advances in diagnostics in its business units, specifically in IntegraMédica medical centers, Clínica Bupa Santiago and its regional clinics. Siemens Healthineers will supply six MRIs, three CT scanners, one angiography system, 12 ultrasound units, several X-ray systems, and customised training. [image: The Register]

22-Feb-17 International Finance Corp, the investment arm of the World Bank, plans to invest up to USD60 mn in Indonesia-based IDS Medical Systems, the largest Southeast Asian medical device distributor and supply chain manager. The funding will help IDS complete a USD130 mn project and expand operations by growing in existing markets and selectively entering new markets in Asia. [image: IDS Medical Systems]

22-Feb-17 Embattled Japanese electronics maker Toshiba is selling its 65% stake in medical equipment leasing company Toshiba Medical Finance to Canon for JPY3.14 bn (USD28 mn). It has been selling off lucrative businesses such as its computer-chip operations. [image: Koji Sasahara / AP]

17-Feb-17 The Association of Indian Medical Device Industry has inked an MoU with Invest India to promote manufacturing of medical devices and components in India. The team also aims to reach out to companies in major medical devices destinations like Taiwan, Japan, South Korea, Italy, Israel, Germany and the US for technology sourcing and manufacturing JVs. [image: Martupdate]

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]