What we now know…

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Medical Spas:
Luxury experiences grew 50% faster than luxury goods in 2011. Spas and safaris led. 

This is excellent news for medical spas that can smartly combine the experience of a spa with cosmetic medical procedures.

 

KSA
9 out of 10 jobs in the Kingdom are held by expats.

Government will take over the process of bringing expat workers to the kingdom.

Slow down ahead…and a challenge for health sector due to rapid expansion of infrastructure. (See articles on KSA health workers in MENA section.)

 

Vietnam
Upwards of 98% of all cross-border trafficking and trade between China and
Mong Cai, Vietnam is unofficial and illegal.

Medical supplies included.

 

Jordan
Jordan’s pharmaceutical exports top $650 million.

 

China
The numbers of middle class expected to triple in eight years to 140 million.

 

Poland
With all eyes on Poland’s stellar economic performance and their co-hosting football’s UEFA EURO 2012, Prime Minister Donald Tusk sacked the president of Poland’s National Health Fund NFZ Jacek Paszkiewicz.

Just another month in the CEE region?

Greece
700 million Euros drawn out of Greek banks in the month of May.

 

Poland
The European Bank of Reconstruction and Development (EBRD) wants to build a local Polish private equity group and has approached Polish insurer PZU to talk about cooperation opportunities in the field.

EBRD also wants PZU to consider investing OFE pension fund assets in private equity projects.

We’ve long focused on Poland in this publication, for a variety of reasons. Its large population and geographic location have positively influenced the economy for the past 20 years.

But like most emerging markets, its domestic capital market has been sluggish.

We like the EBRD pushing to unleash the internal financial assets within Poland, its insurance reserves and pension funds. This will most assuredly impact the healthcare sector in a positive way.

We would expect to see an acceleration of health insurance plans that focus on indemnity type products, which will in turn support the expansion of private healthcare delivery, particularly disease specific and outpatient services.

 

Greece
Greek pharmacies closed for one day last month in protest of outstanding invoices.

The country’s main healthcare provider, National Organization for Healthcare Provision (EOPYY owes some 250 million euros for prescriptions issued in March. The pharmacists claim they are also owed about 250 million euros for medicines they sold on credit in 2011 to customers insured with social security funds that were incorporated into EOPYY earlier this year.

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On June 19, 2012
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