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World Bank supports Turkey’s plan to expand public health

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19-Dec-14 Two members of the World Bank Group have announced their support for the development of a EUR433 million integrated health campus in Adana, southern Turkey. The Adana campus is part of a nation-wide public-private partnership (PPP) program being implemented by the Turkish Ministry of Health. [image: Manufacturing Chemist]

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Hony, Goldman lead USD610 million investment in China’s Neusoft

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12-Dec-14 Shenyang-headquartered Chinese IT solutions and service provider Neusoft Corp says it intends to sign an agreement with an investor consortium including Chinese private equity firm Hony Capital and Goldman Sachs, to help the company transform its healthcare businesses. [image: China Money Network]

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Medtronic and other foreign medical device players face more competition in China

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11-Dec-14 Medtronic will turn over more than USD900 million in China this year, up from only USD50 million ten years ago. Its China strategy is multi-faceted, involving imports, local R&D, patient education and M&A. Despite this success, the advantage Medtronic - along with other foreign device makers - has carved out, is increasingly under pressure from local players, whose ability to innovate and drive costs down via frugal engineering is creating a new standard of excellence. [image: China Business Review]

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Korea to increase investment in overseas hospitals in 2015

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10-Dec-14 Korea’s National Pension Service is ramping up to focus on investments in overseas healthcare markets in 2015, in the interest of income source diversification. Major Korean corporations such as Samsung have already started investing in hospitals abroad, for example in Turkey. [image: Business Korea]

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