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Healthcare

China’s Fosun international group has become the fourth suitor for cash-strapped hospital chain Fortis healthcare signalling a bidding war is in the works for the company after a TPG-Manipal combine, Malaysia’s IHH healthcare and Munjal-Burman family combination have made offers for the company. Fortis healthcare confirmed in a late night stock exchange filing on Tuesday […]

SRL Diagnostics, India’s leading diagnostics chain, will nearly double its owned pathology center network in Mumbai, over the next three months. The company is in the process of opening new centres across key areas of the financial capital including Khar West, Thane West, Mulund West, Kandivali West and Navi Mumbai. New centres in Mumbai are […]

Board of directors of Fortis Healthcare will meet on Thursday to decide on investment offers received by the hospital chain. Fortis has received two binding offers — a revised offer from TPG-backed Manipal Health Enterprises and a joint bid by Hero Enterprise Investment Office and the Burman family office — and a non-binding offer from […]

Only way to basically accelerate our entry into the European market was to do this particular deal with Fujifilm Kyowa Kirin Biologics who actually had their product under advanced review and were expecting approval fairly soon. This is a very large market opportunity. In Europe itself, this is almost a $4.5 billion opportunity and there […]

Aster DM Healthcare, a leading healthcare service provider in India and in GCC with presence in 9 countries, has entered into an agreement with Subramanya Constructions & Development Company Limited (SCDC), to construct a new hospital in Chennai. This 500 bedded, multi-specialty hospital is expected to be commissioned in 2020. The total project cost of […]

Malaysia’s healthcare major IHH Healthcare Berhad is readying a counter bid for Fortis Healthcare’s hospitals business. According to a Bloomberg report, IHH plans to write to the Fortis board about its plans to make a counter offer. The report added that the company is contemplating a cash offer for Fortis and is even considering taking […]

British pharmaceutical giant GlaxoSmithKline (GSK) is likely to sell its health food drink brand Horlicks to fund a buyout of the residual stake in its consumer healthcare joint venture (JV) with Novartis. In a statement on Tuesday, the company said it was considering a strategic review of Horlicks and other consumer nutrition products to support […]

Fortis Healthcare’s hospital division will be hived off and merged with Manipal Hospitals apart from which it will sell a majority stake in its SRL Diagnostics unit to the same group. Transaction will lead to the listing of Manipal Hospitals as the largest hospital services provider in the country by revenue. The Fortis HealthcareBSE -7.55 […]

Hinduja Global Solutions Limited (HGS), has joined hands with Mumbai-based P.D. Hinduja Hospital & Medical Research Centre for the “Treat to Cure MDR TB” programme. This initiative aims to provide treatment for multi-drug resistant tuberculosis (MDR-TB) patients and address the cause of growing mortality rate due to TB in India. World Health Organization’s (WHO) Global […]

Vedanta Medical Research Foundation (VMRF) has now set up an oncology facility within the Balco Medical Centre at Raipur. The 170-bed tertiary care will deliver global standard cancer treatment, primarily serving the populations of Chhattisgarh and central India. The facility offers multi-modality diagnostic and therapeutic cancer treatment will provide affordable care to all. Chhattisgarh chief […]