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Parkway buys majority stake in India’s Global Hospitals

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05-Aug-15 Malaysia's IHH Healthcare Bhd, through its wholly-owned subsidiary Parkway Holdings, is reported to have acquired a 74% stake in Hyderabad-based Global Hospitals Group for an equity value of INR1,800 crore (USD277 mn). in March 2015 IHH acquired a 51% stake in Hyderabad-based Continental Hospitals. It also already owns a 10.5% stake in India’s Apollo Hospitals. [image: IHH Healthcare Berhad]

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Health spending below target in Philippines

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04-Aug-15 The Philippines has failed to meet five of its eight healthcare financing targets indicators. Data from the National Health Accounts showed missed targets for government share of spending on health, out-of-pocket health spending, local government share of spending, local government public health spending, and PhilHealth share of spending. 68% of total health spending was privately financed. [image: Health Market Innovations]

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Singapore's Raffles Medical joins Mayo Clinic Care Network

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29-Jul-15 Raffles Medical Group, a major Singaporean private healthcare provider, has joined the Mayo Clinic Care Network. By joining the network, Raffles Medical's health specialists can seek advice from Mayo Clinic's physicians in the network on treatments and disease management. Physicians and specialists in the network can also share their expertise via online conferences to discuss medical issues. [image: Mayo Clinic Care Network]

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Vietnam lacks cash for satellite hospitals

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29-Jul-15 A Vietnam Ministry of Health plan to build additional satellite hospitals and upgrade existing ones now lacks money and qualified personnel. Two years ago, 14 central hospitals were chosen as core facilities responsible for transferring medical techniques to 46 satellite hospitals. To keep the scheme running, the Ministry wants local governments to allocate funds to upgrade satellite hospitals. [image: kcb.vn]

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Roche Diagnostics opens new HQ in Singapore

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28-Jul-15 Roche Diagnostics has opened a new Asia-Pacific headquarters and regional centre of excellence in Singapore. Diagnostics has been identified as a high-growth segment of the global medical technology industry and a focus area for Singapore. [image: Roche Diagnostics]

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