Moroccan clinic operator Oncorad plans an initial public offering (IPO) at the Casablanca stock exchange in three years to finance its expansion plan, taking advantage of rising demand for health services as Morocco generalizes health insurance, CEO Redouane Samlali said.
Singapore-based sovereign wealth fund Temasek said on Monday that it is acquiring an additional 41% stake in India's Manipal Health Enterprises from investors including TPG, boosting its stake in one of the country's largest hospital chains to 59%.
Buyout funds are set to extend a record spending spree in Asia to the rest of the year but they will be mostly seeking deals outside China, where concerns about the economy are likely to outweigh any easing of a regulatory crackdown, dealmakers said.
Data from an area in South Africa hard-hit by the Omicron variant of the coronavirus has shown a high number of hospital admissions of infants under 2 years old, raising concerns that the variant may pose risks to young children.
HCA Healthcare Inc on Friday cautioned higher labor costs that tarnished strong third quarter profits could linger for longer as the hospital operator battles a staff crunch, sending the company's shares down.