New Mountain Capital, LLC, US based investment firm, has made a strategic investment in the Chennai & Texas -based healthcare Access Healthcare, the company announced on Tuesday. Financial details were not mentioned...
Pfizer to cut stake in Sensodyne-maker Haleon to 7.3%, says bookrunner
Pfizer is looking to sell about 700 million ordinary shares in Haleon, its bookrunner J.P. Morgan said on Tuesday, lowering its stake in the British consumer healthcare company to about 7.3% from 15%. The sale...
Hospital operator Prospect Medical files for bankruptcy
Prospect Medical Group, which owns 16 U.S. hospitals, filed for bankruptcy protection in Texas on Saturday, seeking to sell East Coast hospitals and re-focus on its California operations. The privately owned healthcare...
Eli Lilly to buy Scorpion Therapeutics’ cancer therapy for up to $2.5 billion
Eli Lilly said on Monday it plans to buy Scorpion Therapeutics’ experimental cancer therapy for up to $2.5 billion in cash to expand its pipeline of cancer treatments. The company will acquire Scorpion’s...
Ownership Matters in favour of Chemist Warehouse-Sigma Healthcare $5.8 bln deal
Proxy advisory firm Ownership Matters said on Monday it recommends that shareholders of Sigma Healthcare vote in favour of Chemist Warehouse’s reverse takeover of the pharmaceutical company, citing significant...
Kotak Strategic Situations Fund buys into Neuberg Diagnostics
Kotak Strategic Situations India Fund II, managed by Kotak Alternate Asset Managers Limited, has made an investment of Rs 940 Crore in Neuberg Diagnostics Private Limited to support Neuberg’s inorganic expansion...
Device maker Stryker strikes $4.9 billion deal for Inari Medical
Medical-device maker Stryker on Monday agreed to acquire Inari Medical, which makes devices that treat patients with venous diseases, in an all-cash deal worth $4.9 billion. The deal for Inari bolsters Stryker’s...
Blackstone, Carlyle and other PEs submit bids to unlock Access’ majority stake
About half a dozen global private equity funds including Blackstone, Carlyle, TPG, New Mountain Capital and Hillhouse Partners have shown interest in acquiring a majority stake in Chennai and Texas-based healthcare BPO...
Reliance Industries completes acquisition of Karkinos Healthcare
Through its wholly-owned subsidiary – Reliance Strategic Business Ventures. Reliance Industries announced that in accordance with the approved resolution plan for the resolution of Karkinos Healthcare (Karkinos)...
UnitedHealth, Amedisys extend deadline to close $3.3 billion deal
UnitedHealth and Amedisys have agreed to extend the deadline to close their $3.3 billion merger agreement to next year, a filing showed on Friday, as the deal faces close scrutiny from the U.S. Department of Justice...
Singapore’s TalkMed Group gets privatisation offer for $447 mln valuation
Singapore’s TalkMed Group has received a privatisation offer from TW Troy valuing it at S$606.1 million ($447.24 million), the oncology service provider said on Monday. The offer comes as Southeast Asian...
Ontario Teachers’ buys into Omega Healthcare
Ontario Teachers’ Pension Plan has announced its investment in the US based healthcare BPO – Omega Healthcare Management Services and joins with Goldman Sachs Alternatives as Co-Lead investor. Omega is a leading...
