[3] Subsequent inspections by international organisations led to a rapid increase in distribution capabilities, primarily though integration with alliance partners. People who took this medication had to switch to alternatives, which led to 30% of them experiencing side-effects because of this shift. Later, it was announced that this shortage would last well into 2017. ABOUT ASPEN Headquartered in Durban, South Africa, Aspen is a global specialty and branded multinational pharmaceutical company with a commercial presence in both emerging and developed markets. London-listed NMC Health said it agreed to acquire 100 per cent of the equity of Aspen Healthcare for £10 million – its first acquisition of a UK-based healthcare company. Updated . 26th June 2020 17th June 2020 by Jackie Cameron. Registered in England No. Registered office: 1 London Bridge Street, SE1 9GF. [3] At the time, Aspen was already the largest generic medicine distributor in South Africa. Aspen Pharmacare Holdings Limited is a multinational South African holding company for pharmaceutical concerns, and the largest drug company in Africa. Please, The subscription details associated with this account need to be updated. At Aspen Skilled Healthcare, we believe that exceptional care derives from honest, compassionate, and hard-working individuals. Registered office: 1 London Bridge Street, SE1 9GF. Please, NMC Health has paid £10 million for Aspen Healthcare, which operates nine facilities, including four hospitals, Listen to Times Radio for the latest well-informed debate, expert analysis and breaking news. Health; Motoring; Rugby; Sponsored; Good Hope; Premium; Aspen stock rises as world uncovers wonder drug that fights Covid-19. NMC Health acquired Aspen Healthcare from New York Stock Exchange-listed Tenet Healthcare Corporation. That is why our affiliates choose staff members who possess a passion to serve. The expansion and healthcare reforms in the UAE have helped to boost NMC’s shares by more than 40 per cent this year to a record high, valuing the group at about. Healthcare Sector. The London-listed, United Arab Emirates-based NMC has made a series of acquisitions in recent years, which have helped to drive sales and profits that in turn propelled it into the FTSE 100 index of leading companies last year. The company intends to finance the acquisition through cash resources and said it does not intend to invest in any other non-fertility based UK healthcare facilities, according to the statement. [9], Aspen Holdings Head Office, Umhlanga, South Africa, It may require cleanup to comply with Wikipedia's content policies, particularly. Similarly, Aspen's busulfan, a treatment for chronic myeloid leukaemia, was bought by the British National Health Service for 21p for 2 mg in 2011, rising to £2.61 in 2016, a hike of 1,143%. [4], Aspen has been criticised for increasing the prices of generic drugs it sells. For example the Foundation has been involved in the eradication of the eye disease Trachoma as well as scabies in remote Indigenous communities in Australia. Dexamethasone, manufactured in SA and Germany under a global licence by Johannesburg-listed Aspen, has been hailed as a major breakthrough in the global battle to reduce the number of deaths from Covid-19. [8], In January 2016, Aspen announced that due to production problems, tablets with 0.025 mg Thyrax (levothyroxine) would not be available from mid-2016. A percentage of the company’s profits are allocated to the Aspen Foundation, which was established in 2009 and today is dedicated to the rackling health issues that are often forgotten or missed by larger campaigns. In France, three people died after being given cyclophosphamide, an alternative drug to Aspen's melphalan which had gone up in price. With a 160-year heritage, we improve the health of patients in more than 150 countries through our high quality, affordable products. [7], Similarly, Aspen's busulfan, a treatment for chronic myeloid leukaemia, was bought by the British National Health Service for 21p for 2 mg in 2011, rising to £2.61 in 2016, a hike of 1,143%. Exclusive: NMC Health eyes profit increase in 2018, fuelled by $2bn warchest, NMC Health signs deal to expand into Saudi Arabia and eyes Egypt growth, NMC Healthcare 2017 profit climbs 38% as revenues surge. We have noticed that there is an issue with your subscription billing details. Autorità Garante della Concorrenza e del Mercato: Learn how and when to remove these template messages, Learn how and when to remove this template message, promotes the subject in a subjective manner, "Aspen Pharmacare Offers to Buy Australia's Sigma Pharma for $1.23 Billion", Drug maker fined for shorting supplies of cancer drugs in order to raise prices, Ruling of the session on September 29, 2016, "Drugs firms are accused of putting cancer patients at risk over price hikes", "Aspen under EU antitrust spotlight over excessive cancer drug prices", "Report about the effects on patients that had to switch from thyrax", https://en.wikipedia.org/w/index.php?title=Aspen_Pharmacare&oldid=969115464, Companies listed on the Johannesburg Stock Exchange, Wikipedia articles with possible conflicts of interest from August 2019, Articles with peacock terms from August 2019, Articles with multiple maintenance issues, Use South African English from April 2013, All Wikipedia articles written in South African English, Creative Commons Attribution-ShareAlike License, This page was last edited on 23 July 2020, at 13:52. NMC Health has paid £10 million for Aspen Healthcare, which operates nine facilities, including four hospitals, from Tenet Healthcare, of the United States. These individuals are highly qualified to care for your loved ones in the same way you would. The Group’s key business segments are Manufacturing… The hospitals include Highgate Private Hospital in north London and Parkside Hospital in Wimbledon, south London. It was fined for price-gouging in Italy where it paid $5.5m in October 2016 for its behaviour. [3] The company's efforts led to expanded access to affordable treatments for HIV/AIDS. “The acquisition provides NMC a very cost-effective means of introducing its fertility services to the UK,” the group said on Monday in a statement to the London Stock Exchange. Please remove or replace such wording and instead of making proclamations about a subject's importance, use facts and attribution to demonstrate that importance. At the … Aspen is particularly recognised in orthopaedics and oncology, which represent 50 per cent of its revenues. A Middle East-focused private healthcare group has entered the British market by buying a group of hospitals. [5][6] It has been accused of the same practices, including artificially restricting supply, in the UK, Australia, New Zealand, Spain, France and Brazil. Parts of UAE desert 'carpeted with greenery before camels overran them', Boris Johnson and Ursula von der Leyen in talks as cracks emerge in EU over Brexit, Shane Warne: Rajasthan Royals gave the IPL a lot of credibility, Waiting for the Future: Guggenheim Abu Dhabi launches digital talks programme, The Debt Panel: 'My bank gave me a credit card with a Dh60,000 limit that I didn't apply for', iPhone 12 unveiled: Apple introduces 5G-enabled devices, Abu Dhabi's biggest e-sports hub to open next year, Five takeaways from Apple’s iPhone 12 launch, Google to offer $13m to help Mena region’s post-pandemic recovery.

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