World Bank provides $90m to improve health care access and quality in Chad

CHAD – The World Bank has approved a US$90 million grant from the International Development Association (IDA) to help Chad improve the use and quality of delivery of essential health services. Particular attention will be paid to reproductive, maternal, neonatal, child, and adolescent health, as well as to nutrition services in all health districts in the eight provinces supported by the project. The Health System Performance Strengthening Project (PRPSS) aims to build the capacity of Chad’s health system to offer quality health care at the operational level and increase the…

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Moderna to build mRNA manufacturing facility in Canada

CANADA – Moderna has announced that it has entered into a Memorandum of Understanding (MoU) to build a vaccine manufacturing facility in Canada. Cambridge, Mass.-based Moderna did not disclose where in Canada the facility will be located. A CBC News report cited a company’s spokesperson as saying the company is in negotiations with Ottawa over the location and the timing of its construction. The company said in a news release that the goals of the MoU are to build the foundation to support Canada with direct access to rapid pandemic…

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Baring Private Equity buys off Hinduja’s healthcare unit for US$1.2 billion

INDIA – Hinduja Group’s business process management entity, Hinduja Global Solutions Limited (HGS) has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of US$1.2 billion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. “The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities, where…

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