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India Healthcare News

Global Hosp to invest Rs 1,200 cr in five projects Jun 14, 2010Global Hosp to invest Rs 1,200 cr in five projects

The Hyderabad-based Global Hospitals Group plans to upgrade itself to a major super-speciality healthcare provider in the country. For this, it will add over 2,000 beds in five projects in various cities within three years with an investment of over ... >> more

Jupiter Lifeline to invest Rs 200 cr to set up boutique hospitals Jun 14, 2010Jupiter Lifeline to invest Rs 200 cr to set up boutique hospitals

Jupiter Lifeline, which runs the Jupiter Hospital at Thane, will be investing over Rs 200 crore in the next two to three years for setting up three 'boutique' hospitals in Pune, Surat and Indore. The group recently launched its first hotel, Fortune P... >> more

Khazanah makes $835 mn offer to acquire control of Parkway Jun 11, 2010Khazanah makes $835 mn offer to acquire control of Parkway

Malaysian government-owned investment fund Khazanah today made a USD 835 million (about Rs 3,950 crore) formal offer to acquire a majority stake in Singapore-based hospital chain Parkway Holdings, which is currently controlled by India's Fortis Healt... >> more

Punjab to spend Rs 342 cr on healthcare facilities Jun 4, 2010Punjab to spend Rs 342 cr on healthcare facilities

In order to provide modern healthcare facilities to the rural masses, the Punjab government would spend Rs 342 crore on the construction of new hospitals and up-gradation of existing hospitals, community and primary health centres throughout the stat... >> more

Karnataka plans four hospitals in Bangalore Jun 4, 2010Karnataka plans four hospitals in Bangalore

The Department of Health and Family Welfare, Karnataka, proposes to set up 250-bed hospitals in four locations in Bangalore. The first hospital is to come up at Indira Nagar where five-seven acre of prime land has been identified with an existing 250... >> more

Covidien to buy ev3 for $2.6 bn in vascular deal Jun 2, 2010Covidien to buy ev3 for $2.6 bn in vascular deal

Covidien Plc plans to acquire ev3 Inc for $2.6 billion to boost its business in stents and other vascular devices, underscoring the favorable deal climate in the medical technology industry. At $22.50 per share, the deal represents a nearly 19 per ce... >> more

Fortis to add 6 more hospitals May 31, 2010Fortis to add 6 more hospitals

Fortis Healthcare Ltd plans to add another 1,500 beds and six hospitals to its existing network over the next 12-18 months. Asia's largest private healthcare provider, with a network of 68 hospitals and 3,400 beds, on Friday said that it is increasin... >> more

Nova Medical Centres to open 25 new units across India May 28, 2010Nova Medical Centres to open 25 new units across India

Bengaluru-based Nova Medical Centres would be starting 25 new daycare centres across India in a span of one to two years. In order to fund this project the company has raised Rs 250 crore through equity, internal accruals, and debt. Nova raised capit... >> more

Trivitron to set up CoE at IIT Madras May 27, 2010Trivitron to set up CoE at IIT Madras

Trivitron Health Care, a Chennai-based medical technology company, on Wednesday signed a memorandum of understanding with IIT Madras to set up the Trivitron Innovation Centre, a centre of excellence for biomedical research and development and design ... >> more

Surya Pharma ties up with US-based Crocs for medical footwear May 27, 2010Surya Pharma ties up with US-based Crocs for medical footwear

Surya Pharmaceutical today said it has entered into an exclusive marketing tie-up with the US-based footwear maker Crocs for selling the latter's medical footwear across India.

The company aims a revenue of Rs 100 crore in next two years with ... >> more

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