News

Temasek advances in bid for stake in $2.5b Metro Pacific hospital unit
16 Sep 19
This could potentially be the biggest healthcare deal in the Philippines.
IHH Healthcare profits up 28% to $57.42m in Q2
11 Sep 19
Singapore and Malaysia’s EBITDA earnings grew 28% and 29%, respectively.
Chinese pharma sales to hit $268b by 2028: Fitch Solutions
11 Sep 19
The effects of regulatory change on the sales of patented medicine are expected to be mild.
Singapore telehealth firm inks deal with Vietnamese insurer
11 Sep 19
Bao Minh's customers can consult with a doctor on their phones.
Icon Group acquires Hong Kong oncology clinic SunTech Medical
11 Sep 19
It is keen to make inroads into the ageing city.
Sumitomo Dainippon Pharma to acquire 10% stake in Roivant for $3b
11 Sep 19
The pharma will assume ownership interests in five biopharma companies.
Childhood vaccination in Singapore to be subsidised in CHAS general practitioner clinics
30 Aug 19
Subsidies will available in both polyclinics and CHAS clinics by end-2020.
Singapore medical device output grew 4.2% in June
29 Aug 19
The industry outperformed the output of the manufacturing sector, which fell 6.9%.
94% of Singapore firms attach international medical plans to healthcare programmes
28 Aug 19
This comes as employees seek more comprehensive plans to reduce out-of-pocket costs.
VC-sourced healthcare funding in Asia fell 39% to $2.57b in Q2
28 Aug 19
China-based Weimai’s $155m funding round was one of the quarter’s notable deals.
China healthtech funding crashed 49% to $1.92b in H1
28 Aug 19
The number of deals fell to 62 transactions in the same period.
India's healthtech deal value nearly doubled to $355m in H1
28 Aug 19
Investments in the wellness category ballooned to $155m.
Singapore clinched $145.78m of healthtech deals in 2018
28 Aug 19
The city trails only behind China and India in terms of deal value.
Top three healthcare firms in Singapore averaged total return at 31.2% in January-July 2019
14 Aug 19
These three firms’ average dividend yield came at 3.3% over the same period.
Indian drugmakers expand to China through joint ventures: report
12 Aug 19
Tight competition in the US is driving Indian pharmaceuticals east.
Buyout sought for India's Apollo Hospitals as owner seeks to pay debt
12 Aug 19
The aim is to reduce the Apollo shares pledged by the controlling family as collateral to lenders, to 20% of their total holding.
Taiwan's health ministry to greenlight cell therapies for two hospitals
12 Aug 19
Shin Kong International HealthCare Center in Taipei is likely to be approved for non-cancer related cell therapy.
Chinese healthcare revenue growth set to weaken
8 Aug 19
The plan by the State Council to cut high-value medical consumables prices deals a heavy blow.
Temasek unit invests $5m in HC Surgical Specialists
29 Jul 19
It will be done through a 3-year 5.5% convertible bond at a conversion price of $0.54 per share.
Raffles Medical Group profits down 14.7% in H1
29 Jul 19
Operating revenue fell due to the promotion and building costs for its Chongqing hospital.
Singapore's medical device market value to hit $1.3b by 2023: analyst
26 Jul 19
Increased government expenditure will support the segment.
Is it time to invest in at-home technologies for chronic disease care in Singapore?
25 Jul 19
Two in five health practitioners recommend a more integrated hospital-home care approach.
Mount Alvernia Hospital and Icon SOC partner to launch $25m integrated cancer centre
19 Jul 19
The upcoming facility is expected to start its operations in late 2020.
China's healthcare service sector's revenue to hit $1.16t by 2020
17 Jul 19
Tech giants such as Ping An and Tencent are tapping into blockchain and AI to address the sector’s talent shortage.
Chinese drugmakers' revenue could be dragged by stricter regulatory oversight
17 Jul 19
This follows the accounting scandal of a pharmaceutical firm accused of fabricating revenue and costs.
China's medical device imports to continue slump in 2019-2020
17 Jul 19
The 25% hike imposed in 2018 have resulted in a sharp fall in imports of MRI systems, X-ray apparatus, patient monitors and ophthalmic instruments...
Novena Global Lifecare completes $475.4m merger with Xingkeduo
15 Jul 19
Novena Global Lifecare now has access to Xingkeduo’s AI-based platform and physical network of nearly 100 stores.
Thomson Medical Group priced $225m 3-year senior bond in maiden bond offering
12 Jul 19
Proceeds will be used to refinance its existing debts and extend its debt maturity profile.
Thailand public hospitals cave under pressure from medical tourists
3 Jul 19
About 1.4 million international patients received medical treatment in 2012.
Malaysia's medtech sector stages turnaround as investments pick up
3 Jul 19
Domestic direct investments more than doubled in 2018 to $372m.
Medical device revenues to dip in 2020 as R&D expenses rise
3 Jul 19
The push for domestic production will divert more funds into research and development to cushion against trade tensions.
Biolidics calls for trade halt pending reimbursements for cancer tests
3 Jul 19
The fees related to the tests will be reimbursed by China’s National Healthcare Security Administration under its national basic medical...
Over $1b worth of MediSave top-ups and GST vouchers await 1.7 million Singaporeans
3 Jul 19
The benefits will be received from July to November.
Novena Global Lifecare to set up $150m Sino-Singapore healthcare fund
1 Jul 19
It will invest in medical services, biomedical projects, mature drugs and precision medicine companies.
Thomson Medical Group sets up $500m multicurrency debt issuance programme
1 Jul 19
The net proceeds will finance its borrowings, expansions and capital expenditure.
Migrant workers gain access to universal healthcare in Thailand
1 Jul 19
An estimated 1.5 million undocumented migrants registered with the Ministry of Public Health in 2018.
Metro Pacific gears for $2b hospital sale
19 Jun 19
The conglomerate plans to start the sale process in July.
Hong Kong medical costs up 9.3% in 2018
19 Jun 19
The situation isn't any easier for Singapore where costs grew 10%.
Public hospitals in Singapore snapped up three-fourths of tertiary admissions in 2006-2018
14 Jun 19
Private players were left to fight over the remaining 22-23% of the market.
Pioneer and Merdeka Generation seniors to get US$197.5m of MediSave top-ups in July
14 Jun 19
The top-ups will be given only to qualified seniors.

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