04-Mar-17 Philippine conglomerate Ayala is planning 500-bed general hospitals in suburbs of Manila, aiming to streamline healthcare services by integrating large facilities with a network of small clinics. QualiMed's first flagship hospital will open no later than 2019. A second large hospital will be added around 2021. QualiMed eventually aims to deploy the hospital-clinic business model in the Visayas and Mindanao. [image: Nikkei Asian Review]

23-Feb-17 Penang Chief Minister Lim Guan Eng wants to make Penang into a medical city with excellent hospitals, highly trained doctors and affordable care. The government seeks to bring in foreign and local investment to enhance healthcare facilities. Lim explains: "medical tourism is booming in Malaysia... Investment is important to reinforce Malaysia’s position as the number one medical tourism destination." [image: Investvine]

02-Mar-17 China’s Hony Capital backed Hospital Corporation of China has launched a Hong Kong IPO to raise as much as HKD500 mn (USD64 mn). HCC plans to consolidate its medical resources in the region and establish medical service centers. HCC owns two hospitals, Yangsi Hospital and Fuhua Hospital, located in Shanghai. [image: Hospital Corporation of China]

22-Feb-17 International Finance Corp, the investment arm of the World Bank, plans to invest up to USD60 mn in Indonesia-based IDS Medical Systems, the largest Southeast Asian medical device distributor and supply chain manager. The funding will help IDS complete a USD130 mn project and expand operations by growing in existing markets and selectively entering new markets in Asia. [image: IDS Medical Systems]

22-Feb-17 Embattled Japanese electronics maker Toshiba is selling its 65% stake in medical equipment leasing company Toshiba Medical Finance to Canon for JPY3.14 bn (USD28 mn). It has been selling off lucrative businesses such as its computer-chip operations. [image: Koji Sasahara / AP]