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Top Glove has put months of speculation to rest. The world’s largest rubber glove manufacture is to acquire Adventa Capital-owned Aspion. Upon completion of the proposed transaction, Top Glove will emerge the world’s largest surgical glove manufacturer, in addition to being the world’s largest rubber glove manufacturer.
Grant Thornton has given the nod to plans by ASX-listed Asian American Medical Group (AAMG) to take a 95.1% stake in Hippocrates Development (HDSB) for M$91.4 million (US$21.6 million).
As Ryman Healthcare, New Zealand’s largest listed retirement village operator, released its first half figures it also announced plans to build a new NZ$95 million (US$65.3 million) retirement village in Mount Martha in Victoria.
After a challenging 2017, Virtus Health, Australia’s largest fertility clinic network, has said that financial performance in the first four months of FY18 is broadly in line with expectations.
Shares in Australian healthcare group Admedus jumped 7.4% after the group announced that it had received regulatory approval to sell the group’s regenerative tissue product in India. Syncronei Medical will be the exclusive commercial partner.
Integral Diagnostics (IDX), Australia’s fourth largest radiology group, has said that it expects to report high single digit growth in profits for 2018. This compares to previous expectations for profits to be moderately higher in the financial year.
Medical diagnostic imaging services provider Capitol Health has said that it expects to return to profitability in the next financial year and has upgraded its outlook for the year.
Paragon Care, a leading distributor and manufacturer supplying medical equipment to hospitals, has said that it is “targeting strong growth in 2018 across all key metrics”.



Analysis

The promise of a bottom in Singapore’s office market has caused its ranking as an investment market to soar from next-to-bottom last year to third in this year’s “Emerging Trends in Real Estate Asia Pacific 2018” report, a real estate forecast jointly published by the Urban Land Institute (ULI) and PwC.
Kamal Brar, vice president and general manager of Asia Pacific for data software company Hortonworks, looks at how data analytics can provide effective and affordable healthcare in Singapore.
The latest Sun Life Financial Asia Diabetes Awareness Study reveals an alarming knowledge gap in diabetes. A third of Asian women who are or were pregnant in the past three years are unaware of the risk of developing gestational diabetes in pregnancy, while one in seven births in Asia is currently affected by gestational diabetes.
Gan Kim Yong, Singapore’s minister for health, explains why the private sector needs to get behind the National Electronic Health Record System.
Business leaders in Asia Pacific’s healthcare industry are showing urgency in embracing the fourth industrial revolution, according to the Microsoft Asia Digital Transformation Survey. More than three-quarters of them believe that they need to transform to a digital business to enable future growth and yet only a quarter said that they have a full digital strategy in place today.
An agreement for an additional US$15 million funding from the World Bank will be used to expand health and nutrition coverage in the Lao People's Democratic Republic. It is expected to benefit more than 1 million people across 14 provinces.
Bart Van den Mooter, CEO of the TforG Group, looks at the drivers behind the rapid growth in Asia’s medical tourism market.
The ambitious healthcare agenda under Moon Jae-in's liberal presidency will seek to expand national health insurance reimbursement and limit the burden of excessive medical costs, while overhauling the healthcare system. BMI Research looks at the winners and the losers in the presidential agenda.


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Markets

After Thursday’s holiday in Japan and the US, trading in Asia was distinctly lacklustre today. The only real action was in China where the Shanghai Composite continued yesterday’s 2.3% decline and was last seen off by 0.54%. A rout in the domestic bond market and concerns about a new crackdown on the wealth management industry saw domestic exchanges hit a three-month low. “I’m surprised there is surprise because anyone who took note of President Xi’s recent address at the National Congress would know that the party and the nation have primacy over the markets in his next five year plan,” said Greg McKenna, chief market strategist at AxiTrader in Sydney. Elsewhere, although the US dollar remained under pressure, the Nikkei gained 0.11% while the ASX traded flat.


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