Sustainability
Singapore Measures Carbon on Care
Singapore has released Southeast Asia’s first comprehensive study mapping healthcare emissions, setting a new benchmark for sustainable care delivery.

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HOW WE GOT HERE: Healthcare accounts for nearly 5% of global emissions, yet regional data has been sparse. Singapore’s Ministry of Health moved to quantify system-wide emissions to align healthcare growth with national net-zero ambitions.
SO WHAT: Hospitals, suppliers, and investors now face clearer expectations on decarbonisation. For Southeast Asia, this signals that sustainability is becoming a procurement and policy differentiator, not just a CSR line item.
WHAT’S NEXT: Expect pressure on regional health systems to follow suit, especially those courting international patients and ESG-conscious capital. Carbon reporting could soon shape hospital accreditation and cross-border partnerships.
Business
Quadria Capital books partial exit in NephroPlus IPO
Private equity heavyweight Quadria Capital has secured a partial exit from Indian dialysis provider NephroPlus via IPO amid strong investor demand.
HOW WE GOT HERE: Rising chronic diseases and limited dialysis services have turned kidney care into one of Asia's most attractive investable segments. Quadria helped NephroPlus grow quickly and make its operations more efficient.
WHY IT MATTERS: The IPO validates specialized care platforms as scalable, exit-ready assets. For Southeast Asia operators, it sharpens the case for disease-focused models over general hospital expansion.
WHAT’S NEXT: More private equity-backed healthcare companies are likely to try listing on the stock market. Big buyers, such as regional hospital chains, may speed up small acquisitions to maintain their edge.
Policy
Southeast Asia Doubles Down on Medical Tourism
Thailand, Malaysia, and Vietnam are racing to capture post-pandemic medical tourism demand, driven by aging populations and rising appetite for elective and elder care.

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HOW WE GOT HERE: Pandemic disruptions paused patient flows, but also reshaped demand toward aesthetics, diagnostics, and long-term care. Governments have since recalibrated policy and infrastructure to regain share.
SO WHAT: Medical tourism is no longer just about being cheaper. Now, a country's competitiveness depends more on quality, sustainability credentials, and niche services, which in turn affect its foreign exchange earnings, jobs, and health system investments.
WHAT’S NEXT: Sharper differentiation may arise: Thailand in aesthetics, Malaysia in hospital-led care, Vietnam in integrated wellness. Sustainability and workforce capacity will be decisive constraints.
Spotlight
Carmie Pascual de Leon wins at AWEN Awards 2025

Healthcare executive Carmie Pascual de Leon is helping Philippine companies rethink healthcare not just as a cost to bear, but as an asset for growth and resilience.
As Country General Manager of RadLink Philippines and Executive Health Screening Lead at Fullerton Health Philippines, she leads efforts to put prevention at the frontline of care, overseeing the country's first dedicated executive health screening and advanced diagnostic imaging center.
Under de Leon, both organizations have upgraded diagnostics and built corporate health programs centred on early detection, long-term wellbeing, and resilience. She is also advancing a more human-centered care model through new service excellence and Caring Ecosystem frameworks that raise the bar for patient and employee experience.