HCAP Partners invests in spas that offer massages — and good jobs

Masseurs and spa attendants can’t be outsourced or automated, at least not yet. HCAP, the California-based private equity firm formerly known as Huntington Capital, made an undisclosed mezzanine debt investment in Burke Williams, a chain of 11 spas in California. HCAP’s Frank Mora said management’s “considerable investment” in employees creates a strong company culture and

Abraaj expands health diagnostics in Pakistan

The big emerging-markets investor is targeting health services for the growing middle class. Its latest find: Islamabad Diagnostics Centre’s network of low-cost diagnostic centers. Abraaj plans to expand IDC’s network from 20 to 50 in the next five years. Public health tests in Pakistan are underfunded; private services are expensive or inaccessible. Abraaj did not

Neglected No More: Nudging Biotech Startups to Tackle Diseases of the Developing World

It was a game of cat and mouse — a very special mouse. The mus musculus in question was a transgenic laboratory mouse that researchers coveted for its human-like immune-system response. The cat was the Bill & Melinda Gates Foundation, which after several unsuccessful attempts was determined to secure a supply of the mice to advance research

Corporate ‘Toilet Coalition’ Takes Care of Business of Sanitation

As the classic children’s book says, “Everyone poops.” That makes the global sanitation crisis an opportunity for top global corporations to deepen their relationship with an emerging class of global consumers and their own employees. The UN estimates that more than a third of the world’s population, or 2.5 billion people, lack basic sanitation services