As the distribution of the COVID-19 vaccine progresses, medical tourism operators eagerly await a spike in bookings. The industry was forecast to surpass $10 billion in annual revenue until the COVID-19 global pandemic struck in early 2020. Since then, both fear and government restrictions have limited travel for medical procedures. Understandably, the travel and … [Read more...]
Will Aster Cayman MedCity be built?
Can Aster DM Healthcare afford to finance Aster Cayman MedCity, and if not, will the project fail at the first hurdle? Local Cayman investors claim that Aster DM Healthcare is the only investor in Aster Cayman MedCity and is still financing the development. Dubai-based Aster is however facing some financial difficulties. One major shareholder has sold its stake in the … [Read more...]
THE ECONOMIC VALUE OF MEDICAL TOURISM IS OFTEN THE FORGOTTEN PIECE IN THE JIGSAW
We know how difficult it is to measure medical tourism flows. e.g. How many patients travel from Country A to Country B for treatment? But if you’re planning your medical travel strategy you need to know what each medical traveller is worth. I’ve written a great deal about the problems of measurement in medical travel. The market is described in many ways – medical tourism, medical travel, … [Read more...]
$350 million hospital planned for Grand Cayman
Government on Monday announced plans for a new US$350 million, 500-bed hospital in Grand Cayman, called Aster Cayman Medcity. Dubai-based Aster DM Healthcare is the company behind the project, which will be managed by local developer Gene Thompson, who previously had been involved in Health City Cayman Islands. The new health facility, which will be built in phases over several years, will … [Read more...]
‘Encouraging panorama’ to develop Puerto Rico’s medical tourism industry
[Reprinted: News Is My Business, 6-9-2020] The medical tourism industry in Puerto Rico has an opportunity for growth on the island, due to the worldwide spread of COVID-19, said Department of Economic Development and Commerce Secretary Manuel Laboy. “The emergency due to the spread of COVID-19 in the United States allows Puerto Rico to be an option for the practice of medical tourism,” he … [Read more...]
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