PHM Emerging Markets Healthcare Monitor Foresaw Healthcare Pressure on Latvia Stabilisation Funds

SEBASTIAN, Florida -

PHM International, Inc. a worldwide healthcare consultancy raised the issue of healthcare pressure on IMF and EU economic stabilisation funds in the July 2009 issue of its PHM Emerging Markets Healthcare Monitor.

In light of the June resignation of Ivars Eglitis, Latvian Health Minister, the Monitor questioned:

“…At issue, can an emerging market, or a frontier market, support budget deficit constraint (as a precondition for international monetary support) at the expense of its healthcare sector?”

“We first started to notice the global conflict in May. By mid July we reported on it,” stated Hank Kearney, publisher of the PHM Emerging Markets Healthcare Monitor. “Latvia has struggled to come to an understanding with the international financial community. However, deficit caps are no match for healthcare politics and Latvia won’t be the last country to counter external pressures.”

On July 28, current Health Minister, Baiba Rozentale requested the ministry use a portion of the European Commission’s loan of EUR 600 million. This means the budget deficit will increase, reports Latvia’s National News Agency LETA.

“…how will budget deficit manipulation impact a country’s health care system? Answer - very positively for private healthcare players, given a maturing emerging economy,” wrote Hank Kearney in the July issue of the PHM Emerging Markets Healthcare Monitor.

The PHM Emerging Markets Healthcare Monitor is available only to institutional investment, private equity, banking, legal, and industry C-suite executives. It is a monthly news compendium accompanied by customized, expert commentary on healthcare developments and transactions in emerging markets.

In addition to the PHM Emerging Markets Healthcare Monitor, PHM International offers subscribers a unique, complimentary “Weekly News Feed” of important developments and transactions in the healthcare and life sciences sectors.

About PHM International

PHM International is a worldwide healthcare and insurance sector consultancy. Since 1997 it has developed a core specialisation in advisory services in emerging market economies including healthcare financing, healthcare facility design, product development, research, and business development. Target clients include healthcare organisations, institutional investors, private equity, pharmaceutical companies and insurance institutions. PHM International is headquartered in Florida, with representation offices in New York, Macedonia, Malaysia, and Poland.

Contact: Margaret Baarman PHM International Margaret@phmintl.com +1-772-388-6496 www.phmintl.com/iiservices.html Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Hank Kearney https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=60279

Source: PHM International, Inc.

Margaret Baarman of PHM International, +1-772-388-6496, Margaret at phmintl.com