Financial intelligence for Asia's healthcare markets
Remember me:

News articles    

Al-‘Aqar Healthcare REIT, a subsidiary of KPJ Healthcare, has reported an 8% decline in profits for the first quarter of the year to M$15 million (US$3.5 million). At the same time, revenues fell 5.7% to M$24.9 million.
Retirement village operator Arvida has reported an 80% jump in profits for the year to NZ$54 million (US$37.8 million) on revenues that were up 23% to NZ$101.4 million. A significant driver of revenues was from the three villages in prime growth areas of Tauranga and Cambridge that Arvida acquired for NZ$66.4 million in September last year.
Siloam International Hospitals, Indonesia’s largest private hospital operator, is to acquire the Rumah Sakit Umum Putera Bahagia (RSUPB) private hospital in Cirebon for Rp130 billion (US$9.8 million).
Australian medical centre operator Primary Health Care has said that Peter Gregg will step down as managing director and CEO and that Malcolm Ashcroft, currently the CFO, will be appointed acting CEO, effective immediately. Ashcroft will undertake the role of acting CEO until Malcolm Parmenter commences as managing director and CEO on 6 September.
RHT Health Trust, the first business trust listed on the Singapore stock exchange with a portfolio comprising healthcare assets in India, has priced a S$60 million (US$43.2 million) tap of its 4.5% bonds due in July next year. DBS and UOB ran the deal.
Contract genomics organisation WuXi NextCODE is looking to raise up to US$200 million Series C funding by the end of July. Hillhouse Capital Group and Sequoia Capital China have been named as possible sources.
RHT Health Trust, the first business trust listed on the Singapore stock exchange with a portfolio comprising healthcare assets in India, has posted an 11.2% decline in distribution per unit of S$0.0597 for the year.
Concord Medical Services Holdings, the operator of the largest network of radiotherapy and diagnostic imaging centres in China, has acquired a 31.4% stake in Shanghai ProMed Cancer Centre. Financial terms have not been disclosed.
Top Glove Corporation, the world’s largest rubber glove manufacturer, plans to acquire two rubber glove factories including the land, machineries, equipment, fixture and fittings for M$41 million (US$9.5 million).
Mutual company Australian Unity closed applications for its A$1.2 billion (US$900 million) Australian Unity Healthcare Property Trust in 24 hours. It was looking to raise around A$150 million and closed it at A$170 million.

Subscribe to our news RSS feed Get the RSS for HealthInvestor Asia


All eyes were on China today. Last night, Moody’s downgraded the sovereign from A1 to Aa3 and with negative outlook on concerns about future growth and rising debt. It is the first general downgrade since 2010. “The downgrade reflects Moody’s expectation that China’s financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows,” the ratings agency said in a statement. The Shanghai Composite fell more than 1% at the open, though it has recovered somewhat and was last seen down 0.36%. Other regional indices sold off too: the ASX was a shade lower and the Hang Seng was off by 0.15%. The exception was the Nikkei which benefitted from safe haven buying and was up 0.58%.


HealthInvestor Asia twitter feed

Hedge Fund Focus

HIA Indices

HealthInvestor UK