healthcare

February 18, 2020

Amanat Holdings, the GCC’s largest healthcare and education investment company, has announced a 40 percent increase in net profit to AED60 million ($16.3 million) for 2019.

Income from investments increased 2.3 percent to AED73.5 million, the company said in a statement.

It added that improved performance of its education sector helped offset the expected negative contribution to investment income from the Royal Hospital for Women & Children which commenced operations in March and is currently in its ramp-up phase.

Amanat"...

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February 18, 2020

NMC Health Plc, a hospital operator targeted by short seller Muddy Waters, said founder Bavaguthu Raghuram Shetty resigned amid investor concern he faced a margin call and misrepresented his stake.

The board asked for Co-Chairman Shetty’s resignation and it takes effect immediately, according to a person with knowledge of the situation. NMC has lost four board members since Friday, including Vice Chairman Khaleefa Butti, whose holdings are also being probed. The stock, the worst performer on the FTSE-100 Index this year, fell as much as 9.2% Monday morning and then rebounded.

“The"...

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February 17, 2020

Amanat Holdings, the GCC’s largest healthcare and education investment company, recorded a total income of Dh113.3 million ($30.85 million) in FY-2019, up 8% year-on-year, and a net profit of Dh60 million ($16.34 million), up 39.8% y-o-y.

The board of directors has proposed a cash dividend of 2.2 fils per share for the year ended December 31, 2019, subject to shareholders approval at Amanat’s Annual General Meeting to be held on April 13.

The"...

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February 17, 2020

Food consumed in the UAE and the GCC is safe from coronavirus as local companies source their products mainly from Europe, the USA, Brazil, and the Subcontinent rather than China, say industry executives.

Speaking on the first-day of the Gulfood 2020, they assured that despite the fact that this region relies on foreign food, local and regional companies source products from reliable and internationally-renowned companies.

'I don't think there is any impact of coronavirus on the local food market. We are not importing anything from China. All of our imports"...

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February 16, 2020

Health at Hand, one of the Middle East’s most advanced telehealth providers, has launched its services with NEXtCARE. In a bid to improve access to care for NEXtCARE members, Health at Hand has developed a software solution (SDK) to provide members access to a doctor through video consultation from anywhere in the world with no co-pay. Those using the service in Dubai will also be able to get their prescription medicine delivered to them within 60 minutes, or have lab test requests issued through the app. Members can now take advantage of this service through the new and improved MyNEXtCARE app, or Portal.

NEXtCARE is expanding its focus"...

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February 16, 2020

Healthcare providers in Dubai are hiring more specialised staff to deal with insurance-related issues since the mandatory medical insurance law came into effect and the number of health policyholders have multiplied, an expert has said.

'With more than 5.1 million insurance policies having been adopted after it was made mandatory for all Dubai residents to have health insurance as compared to less than 600,000 policyholders in 2013, most of the big healthcare organisations are recruiting an army of insurance personnel to ensure a smooth experience for their patients,' said Avivo Group CEO Dr Atul Aundhekar.

'To"...

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February 15, 2020

  • Reported revenues of €2.2 billion represent an increase of €417 million (23.2%) on 2018
  • Operating income of €424 million represents an increase of €78.6 million (22.7%) on 2018
  • All products performed well, but highlights are the year-on-year growth of the Group’s immunoglobulin product portfolio, as well as Nuwiq®, albunorm® and fibryga®

Commenting on the Group’s results, Octapharma CEO and Chairman Wolfgang Marguerre said: “Octapharma delivered an exceptionally strong result in 2019. We achieved good growth in all three of our therapeutic areas. We continued to invest significantly in R&D to fund the discovery and development"...

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February 15, 2020

Mary Kay Inc., a global beauty company and leader in skin care innovation, continued its decades-long support of the beauty and scientific communities by recently supporting the 2020 Generational Dermatology Palm Springs Symposium from Feb. 14 – 16. Generational Dermatology, founded by Dr. Wendy E. Roberts, takes a multi-decade approach to the evolving aging patient, including medical, surgical and aesthetic dermatology. This symposium is targeted toward dermatologists and other core specialists at all stages of their careers. Participants join extraordinary faculty and key opinion leaders at the Omni Rancho Las Palmas, Rancho Mirage. “Our commitment to skin care science isn’t just about making new Mary Kay products,” said Dr. Lucy Gildea, Chief Scientific Officer at Mary Kay. ”Our involvement with events like Generational Dermatology allows us to exchange innovative ideas and findings with dermatologists and continue to further support advancements in skin health. This meeting is also special to us because it supports our colleagues in dermatology over their entire career.” Mary Kay Research & Development is dedicated to discovering the trends......

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February 15, 2020

NMC Health, an operator of hospitals in the UAE targeted by short seller Muddy Waters, said on Friday its vice chairman resigned after he was excluded from board discussions for possibly misrepresenting his holdings in the company.

Khaleefa Butti Omair Yousif Ahmed Al Muhairi stepped down with immediate effect, the company said.

Earlier this week, NMC removed Butti and Chairman Bavaguthu Raghuram Shetty from board meetings on concern they may have misstated their stakes.

This week has been"...

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February 13, 2020

Health authorities in Dubai and Abu Dhabi are partnering to develop an international healthcare model across the UAE.

The Department of Health - Abu Dhabi (DoH) and the Dubai Health Authority (DHA) announced that they plan to electronically link health systems between the two cities and bring in line health insurance rules and procedures, the licencing process for doctors, capacity planning and the outpatient treatment system.

The announcement was made during a meeting that took place at the DHA headquarters in Dubai, which was attended by Sheikh Abdulla bin Mohamed"...

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