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Temasek Builds Stake in Brazil’s Clinica SiM

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Singapore’s Temasek Holdings has reportedly bought a stake in Brazilian clinic operator Clinica SiM as part of a transaction closed late in the fourth quarter of 2017. The size and terms of the deal have been kept confidential. Previous investors in Clinica SiM include a number of local financiers, including Rodrigo Calvo Galindo of Kroton Educacional S.A., Devry Brasil’s Carlos Filgueiras, and venture capital firm Monashees. SiM stands for Serviço de Inclusão à Medicina, or “Inclusion Service to Medicine”.

Affordable Healthcare on Demand

Established in 2007 by Denis Cruz, Clinica SiM is a publicly-owned company that aims to provide the some 150 million Brazilians without private health insurance access to affordable primary and dental care through its network of 15 private clinics focused primarily in the northeastern states of Ceará and Pernambuco. The company’s strategically located anchor clinics provide patients access to low-cost consultations in 25 specialties – including cardiology, gastroenterology, and neurology – while surrounding satellite clinics focus on more basic services such as dentistry and family health. Clinica SiM’s out-of-pocket, insurance-free revenue model allows it to streamline costs by retaining only necessary medical and administrative staff.

Changing the Healthcare Model in Brazil

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Temasek Invests in Shaver Company Harry’s

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Harry’s, the subscription shaving company that is taking on companies such as Gillette, which is owned by the multi-national corporation Procter & Gamble, has raised US$ 112 million in a new round of financing.

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New CEO at Dubai Holding

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In early February, Dubai Holding LLC, an entity that once oversaw an aggressive Dubai International L.L.C. buyout player, hired a new chief executive officer. Dubai Holding hired Amit Kaushal as CEO, who replaces Edris Alrafi.

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Central Bank of Iran Reacts to Falling Rial

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Iran’s rial continues to be in a downward spiral, as the country grapples with high unemployment, high levels of non-performing loans, rising inflation and challenges with drawing in substantial foreign investment. Besides Russia, Italy and France, Iran has had a difficult time luring large foreign direct investment deals. For a number of countries in the Middle East, the value of domestic currency to the U.S. dollar is an important indicator of economic stability and strength. Iranian police recently arrested a number of currency dealers in the black market, while closing down a number of exchange offices. The rapid devaluation of the rial and the rise of the U.S. dollar in the country forces cash to remain in the currency market versus being put to productive uses such as capital expenditures. The devaulation of the rial has driven people to speculate and Tehran is trying to prevent that.

Trump Factor

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