U.S. drugstore chain Walgreens Boots Alliance said on Thursday it has sold more shares in drug distributor Cencora for proceeds of about $300 million. The company said that it now owns a 6% stake in Cencora, trimming it...
Australia’s Sigma shareholders approve $5.5 billion Chemist Warehouse merger
Australia’s Sigma Healthcare shareholders approved in a vote on Wednesday a merger with Chemist Warehouse to create an A$8.8 billion ($5.50 billion) pharmacy and retailing giant. More than 99% of proxy...
Bankruptcy Court approves listed-firm parental drugs India’s acquisition by IHL Lifescience
The bankruptcy court in Mumbai approves IHL Lifesciences Pvt Ltd’s acquisition of the listed firm Parental Drugs India Ltd. Before the tribunal’s approval, the Company’s Committee of Creditors (CoC) had...
New Mountain Capital buys a majority stake in healthcare BPO Access Healthcare
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)...
