Saudi Arabia is banking on the private sector to boost its healthcare industry, with the plan to increase contribution to health care expenditure to 65 percent by 2030 well on track. Currently, the private sector accounts for only a third of the Kingdom’s health care expenditure, and US-based consultancy firm Frost & Sullivan said this has put a burden on the public system. The Kingdom wants to increase this to 65 percent, under the Vision 2030, and about 50 percent…
Abu Dhabi Health Services Company (SEHA) has signed an academic services agreement with The University of Manchester, one of the UK’s leading and largest single-site universities, to deliver a tailored Post-graduate Certificate (PGCert) in Medical and Health Education for SEHA employees. As part of SEHA’s efforts to empower its workforce with valuable resources, skill development, and growth opportunities, the part-time, in-house education program will be delivered by the university’s faculty and has been accredited by The Academy of Medical Educators…
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…
