Novo Nordisk said on Thursday it would buy U.S.-based Akero Therapeutics for up to $5.2 billion to gain access to a promising liver disease drug candidate, in the first major deal by the Danish drugmaker’s new CEO...
ASG Eye Hospitals to merge with Sharp Sight in Rs 450 crore deal; PE-backed chain targets IPO
ASG Eye Hospitals, backed by private equity firms General Atlantic and Kedaara Capital, has signed a Rs 450 crore non-binding merger deal with Sharp Sight Eye Hospitals, said people familiar with the matter. The deal...
Aster DM Healthcare shares in focus as BSE, NSE clear merger with Quality Care India
Shares of Aster DM Healthcare are likely to be on investors’ radar on Tuesday, October 7, after the company received no-objection letters from both BSE and the National Stock Exchange (NSE) on October 6 for its planned...
Indegene acquires Pennsylvania-based BioPharm
To strengthen its commercialization portfolio with AdTech, Indegene announced the strategic acquisition of BioPharm, a Pennsylvania-based specialized marketing services agency and part of Omnicom Health Group. This...
PE-firm InvAscent buys out Somerset, invests Rs 265 Cr in Rajasthan-based hospital chain Apex
Life sciences private equity firm InvAscent has picked up a significant stake in Rajasthan-based multi-specialty hospital chain Apex Hospitals to help with its expansion. InvAscent has invested $ 30 million (about Rs...
Poly Medicure to fully acquire Citieffe Group at enterprise value of Rs 324 cr
Medical device maker Poly Medicure Ltd on Wednesday said it will fully acquire Italy-based Citieffe Group at an enterprise value of Rs 324 crore (EUR 31 million). The company has signed a definitive agreement to acquire...
Competition Commission clears Apollo Hospital’s group entities restructuring plan
Fair trade regulator CCI on Tuesday approved a multi-layered restructuring plan involving Apollo Hospital’s group entities Apollo Healthco and Keimed, and a wholly-owned subsidiary Apollo Healthtech Ltd. The move...
PE fund KKR closes third buy in Kerala, at Meitra Hospital
Global private equity firm KKR, which had notched a fivefold return in its exit from Max Healthcare, is doubling down on its hospital bets in South India. In its latest move, KKR-owned Kerala hospital chain Baby...
GE Healthcare exploring stake sale in China unit, says reports
Medical device maker GE Healthcare is working with advisers to explore options including the sale of a stake in its China unit, Bloomberg News reported on Thursday, citing people familiar with the matter. A potential...
Metropolis Healthcare acquires Kolhapur-based pathlab chain for ₹17 crore
Mumbai-headquartered diagnostics player Metropolis Healthcare on Thursday announced that it has acquired Kolhapur-based Ambika Pathology Laboratory for a total consideration of Rs 17 crore. The consideration includes a...
UK’s Spire Healthcare says reviewing options, including possible sale
British private hospital group Spire Healthcare said on Thursday it had initiated discussions with several parties to explore strategic options, including a potential sale of the company. The company said the review was...
Roche to acquire liver drug developer 89bio for up to $3.5 billion
Roche has agreed to buy U.S. biotech firm 89bio for up to $3.5 billion to strengthen its development pipeline of liver and cardiometabolic disease treatments, the Swiss drugmaker said on Thursday. The deal would help...
