The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
NCLT admits Four Care Hospital on StanChart Bank’s application
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted city-based Four Care Hospital under the Corporate Insolvency Resolution Process (CIRP) in an application filed by Standard Chartered Bank. The...
Aster DM shareholders approve sale of Gulf business
Aster DM Healthcare said its shareholders have voted in favour of resolutions towards the separation of the GCC business from the Indian operations, and the sale of majority stake in the Gulf business to private equity...
France’s Sanofi to buy U.S. drugs project INBRX-101 for about $2.2 billion
French healthcare company Sanofi has agreed to buy U.S. biotech firm Inhibrx in a deal valued at up to $2.2 billion, bolstering its drug development portfolio with an experimental treatment for a rare genetic disease...
Walgreens to explore sale of Shields Health for over $4 bln – Bloomberg News
Walgreens Boots Alliance is exploring a sale of specialty pharmacy company Shields Health Solutions, Bloomberg News reported on Tuesday, citing people familiar with the matter. The sale could be valued at more than $4...
Sandoz to buy eye drug Cimerli in $170 million deal
Sandoz announced a deal to buy Cimerli, a biosimilar drug to treat vision impairment and loss, from Coherus BioSciences Inc. for $170 million. The drug is interchangeable with Lucentis, a product marketed by...
GSK to sell 3.2% stake in spin-off Haleon in its third stake sale in under a year
GSK, opens new tab will sell a 3.2% stake, or about 300 million shares, in its spun-off consumer healthcare business Haleon, opens new tab, the British drugmaker said on Tuesday. The announcement marks the third time...
CCI clears SSI’s stake buy in Manipal Health Enterprises
Fair trade regulator Competition Commission of India (CCI) cleared Seventy Second Investment Company’s proposed stake acquisition in Manipal Health Enterprises. The deal has been approved under the green channel...
Apax initiates sale of Healthium Medtech
The British Private equity firm Apax Partners has started the process to sell Healthium Medtech, the largest homegrown surgical sutures manufacturer, said multiple people aware of the development. The proposed sale is...
Medical device maker Boston Scientific to buy Axonics for $3.7 billion
Medical device maker Boston Scientific said it had agreed to buy Axonics Inc for $3.7 billion, gaining access to devices used to improve bladder function. The deal marks Boston Scientific’s entry into sacral...
Quadria in talks to buy into dialysis chain NephroPlus
Quadria Capital, the Asia healthcare-focused private equity fund, is in advanced talks to acquire a significant minority stake in India’s largest dialysis chain NephroPlus, valuing the latter at ₹2,000 crore ($250...
Elevance’s deal to buy Paragon Healthcare valued at over $1 billion – Axios
Elevance Health will buy private firm Paragon Healthcare for more than $1 billion, according to three people familiar with the matter, Axios reported. The health insurer had said earlier on Thursday it would acquire...
