Day: April 10, 2021

Speed Medical’s (SPMD) board of directors approved acquiring Prime Speed Healthcare, according to the company’s statement filed to the Egyptian Exchange on April 1st. The board ratified the fair value of Prime Speed Healthcare LLC at EGP 1.824 billion, in addition, the Speed Medical's fair value at EGP 2.415 billion. Earlier, the listed company appointed the Economic Group for Financial Consulting in Securities to assess the fair value (FV) of Speed Medical to be used in the non-cash increase. Speed…

Aster DM Healthcare has launched a new project that enables non-resident Indians (NRIs) to play an active role in the healthcare management of their families settled in India. Aster’s 'Dil Se' project “ensures convenient and any-time access to quality healthcare services for patients and their families, breaking beyond geographical boundaries”. This is done by creating a “connected circle of care”. “With a large segment of the Malayalee population settled abroad, the project addresses a key issue faced by NRIs who…

GCC hospital revenues are predicted to grow by 5.8 percent in 2021, driven by a surge in medical devices, a growing branded generics market and increased investment in infrastructure and innovation. A report from Mashreq Bank and the research firm, Frost & Sullivan, said that the strength of the rebound suggests that healthcare growth is on track to return to pre-COVID levels. Hospital revenues heavily impacted by drop in outpatient visits and elective surgery volumes during the pandemic are forecast…

Saudi Arabia has announced that all worshippers who plan to participate in Umrah during the Holy Month of Ramadan must be vaccinated against COVID-19, reported the Saudi Press Agency (SPA). A campaign 'Tawakkalna' has also been launched by the General Presidency for the Affairs of the Grand Holy Mosque and the Prophet’s Holy Mosque, to ensure all employees participating in Umrah, as well as worshipers, are vaccinated. According to SPA, the Spokesman of the General Presidency for the Affairs of…

Malaffi, one of the key initiatives of the Department of Health – Abu Dhabi (DOH), recently announced that 95 percent of hospitals within Abu Dhabi that use Electronic Medical Records (EMR), have connected their systems to the platform. Malaffi, the region’s first Health Information Exchange platform, now safely and securely connects a total of 1,075 public and private facilities across the Emirate. Adhering to the highest standards of security and privacy, Malaffi allows the meaningful, real-time exchange of important patient…